Kingsoft Cloud Holdings Limited (NASDAQ:KC) Receives $5.93 Average PT from Brokerages

Shares of Kingsoft Cloud Holdings Limited (NASDAQ:KC - Get Free Report) have earned an average rating of "Moderate Buy" from the eight brokerages that are currently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $5.93.

Several analysts have recently issued reports on the company. Nomura lowered Kingsoft Cloud from a "buy" rating to a "neutral" rating in a report on Monday. Nomura Securities lowered Kingsoft Cloud from a "strong-buy" rating to a "hold" rating in a report on Monday. Finally, UBS Group raised Kingsoft Cloud from a "neutral" rating to a "buy" rating and increased their target price for the stock from $4.20 to $12.50 in a report on Friday, December 6th.

Institutional Trading of Kingsoft Cloud

Hedge funds have recently bought and sold shares of the business. Walleye Capital LLC bought a new stake in Kingsoft Cloud during the third quarter worth $119,000. Marshall Wace LLP purchased a new position in shares of Kingsoft Cloud during the 4th quarter valued at $119,000. Vise Technologies Inc. purchased a new position in shares of Kingsoft Cloud during the 4th quarter valued at $125,000. Cetera Investment Advisers purchased a new position in shares of Kingsoft Cloud during the 4th quarter valued at $138,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Kingsoft Cloud by 12.7% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 19,549 shares of the company's stock valued at $205,000 after buying an additional 2,200 shares during the last quarter. 13.40% of the stock is currently owned by institutional investors.

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Kingsoft Cloud Stock Performance

NASDAQ KC traded up $1.19 on Friday, reaching $17.21. The stock had a trading volume of 4,972,264 shares, compared to its average volume of 3,855,129. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.67 and a quick ratio of 0.67. The firm has a fifty day moving average of $13.94 and a two-hundred day moving average of $7.74. Kingsoft Cloud has a 1-year low of $2.02 and a 1-year high of $22.26. The company has a market cap of $4.37 billion, a P/E ratio of -14.34 and a beta of 2.31.

Kingsoft Cloud Company Profile

Kingsoft Cloud Holdings Limited provides cloud services to businesses and organizations primarily in China. The company's products portfolio includes cloud products, including infrastructure as a service (IaaS) infrastructure, platform as a service (PaaS) middleware, and software as a service (SaaS) applications that primarily consist of cloud computing, network, database, big data, security, storage, and delivery solutions.