Kingsoft Cloud Holdings Limited (NASDAQ:KC - Get Free Report)'s stock price gapped down prior to trading on Monday . The stock had previously closed at $5.05, but opened at $4.39. Kingsoft Cloud shares last traded at $4.28, with a volume of 722,689 shares traded.
Wall Street Analyst Weigh In
Separately, Bank of America decreased their target price on Kingsoft Cloud from $3.80 to $3.20 and set a "neutral" rating for the company in a research note on Wednesday, August 21st. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $4.10.
View Our Latest Report on Kingsoft Cloud
Kingsoft Cloud Stock Down 14.1 %
The firm has a market cap of $1.10 billion, a P/E ratio of -4.21 and a beta of 2.00. The business has a fifty day moving average of $3.11 and a 200 day moving average of $2.84. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.03.
Kingsoft Cloud (NASDAQ:KC - Get Free Report) last released its quarterly earnings results on Tuesday, August 20th. The company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.04). Kingsoft Cloud had a negative net margin of 25.33% and a negative return on equity of 24.99%. The company had revenue of $260.32 million during the quarter, compared to analyst estimates of $251.17 million. On average, equities research analysts predict that Kingsoft Cloud Holdings Limited will post -0.69 EPS for the current year.
Institutional Investors Weigh In On Kingsoft Cloud
Institutional investors and hedge funds have recently made changes to their positions in the stock. Profund Advisors LLC acquired a new stake in shares of Kingsoft Cloud during the 2nd quarter worth about $27,000. Blue Trust Inc. bought a new stake in shares of Kingsoft Cloud during the second quarter worth approximately $36,000. SG Americas Securities LLC acquired a new position in shares of Kingsoft Cloud in the third quarter valued at approximately $47,000. Headlands Technologies LLC lifted its holdings 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 stake in Kingsoft Cloud in the 3rd quarter valued at $119,000. Institutional investors 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.
Featured Stories
Before you consider Kingsoft Cloud, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Kingsoft Cloud wasn't on the list.
While Kingsoft Cloud currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
