Shares of Kingsoft Cloud Holdings Limited (NASDAQ:KC - Get Free Report) hit a new 52-week high during trading on Saturday . The company traded as high as $9.77 and last traded at $9.58, with a volume of 4744126 shares traded. The stock had previously closed at $8.40.
Analyst Upgrades and Downgrades
KC has been the subject of several recent research reports. Nomura Securities upgraded shares of Kingsoft Cloud from a "hold" rating to a "strong-buy" rating in a research report on Friday, November 22nd. UBS Group raised Kingsoft Cloud from a "neutral" rating to a "buy" rating and lifted their target price for the company from $4.20 to $12.50 in a research report on Friday, December 6th. Finally, Nomura upgraded shares of Kingsoft Cloud from a "neutral" rating to a "buy" rating and raised their target price for the company from $2.30 to $6.70 in a research note on Friday, November 22nd. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $5.93.
View Our Latest Analysis on KC
Kingsoft Cloud Stock Performance
The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.67 and a current ratio of 0.67. The stock has a market cap of $2.43 billion, a price-to-earnings ratio of -7.98 and a beta of 2.49. The stock has a fifty day simple moving average of $5.52 and a two-hundred day simple moving average of $3.63.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of KC. Profund Advisors LLC acquired a new stake in Kingsoft Cloud during the 2nd quarter worth approximately $27,000. Blue Trust Inc. bought a new stake in shares of Kingsoft Cloud in the second quarter worth $36,000. SG Americas Securities LLC acquired a new stake in Kingsoft Cloud in the third quarter valued at $47,000. Headlands Technologies LLC raised its position in Kingsoft Cloud by 313.9% during the 2nd quarter. Headlands Technologies LLC now owns 32,875 shares of the company's stock worth $83,000 after purchasing an additional 24,932 shares during the last quarter. Finally, Walleye Capital LLC bought a new position in shares of Kingsoft Cloud during the third quarter worth about $119,000. 13.40% of the stock is currently owned by institutional investors.
Kingsoft Cloud Company Profile
(
Get Free Report)
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.
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