Kingsoft Cloud Holdings Limited (NASDAQ:KC - Get Free Report) shares saw an uptick in trading volume on Tuesday . 2,035,327 shares were traded during trading, a decline of 22% from the previous session's volume of 2,614,211 shares.The stock last traded at $15.13 and had previously closed at $15.14.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently weighed in on KC shares. Nomura raised shares of Kingsoft Cloud from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $2.30 to $6.70 in a research note on Friday, November 22nd. UBS Group raised shares of Kingsoft Cloud from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $4.20 to $12.50 in a research note on Friday, December 6th. Finally, Nomura Securities raised shares of Kingsoft Cloud from a "hold" rating to a "strong-buy" rating in a research note on Friday, November 22nd. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $5.93.
Read Our Latest Analysis on Kingsoft Cloud
Kingsoft Cloud Trading Down 2.6 %
The stock has a market cap of $4.30 billion, a price-to-earnings ratio of -14.12 and a beta of 2.30. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.10. The business's 50 day simple moving average is $10.32 and its 200 day simple moving average is $5.63.
Institutional Trading of Kingsoft Cloud
A number of hedge funds have recently modified their holdings of the stock. SG Americas Securities LLC bought a new position in Kingsoft Cloud in the 3rd quarter valued at about $47,000. Blue Trust Inc. increased its holdings in Kingsoft Cloud by 30.9% in the 3rd quarter. Blue Trust Inc. now owns 18,888 shares of the company's stock valued at $56,000 after buying an additional 4,458 shares during the period. Walleye Capital LLC bought a new position in Kingsoft Cloud in the 3rd quarter valued at about $119,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in Kingsoft Cloud by 12.7% in 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 period. Finally, XY Capital Ltd bought a new position in Kingsoft Cloud in the 3rd quarter valued at about $214,000. Institutional investors and hedge funds own 13.40% of the company's stock.
About Kingsoft Cloud
(
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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