Kingsoft Cloud Holdings Limited (NASDAQ:KC - Get Free Report)'s stock price gapped down before the market opened on Friday . The stock had previously closed at $17.59, but opened at $17.02. Kingsoft Cloud shares last traded at $17.27, with a volume of 576,573 shares.
Analysts Set New Price Targets
Several analysts have recently issued reports on KC shares. UBS Group upgraded shares of 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. Nomura cut Kingsoft Cloud from a "buy" rating to a "neutral" rating in a report on Monday, March 3rd. Finally, Nomura Securities lowered Kingsoft Cloud from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 3rd. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Kingsoft Cloud has a consensus rating of "Moderate Buy" and an average target price of $5.93.
View Our Latest Research Report on KC
Kingsoft Cloud Stock Performance
The firm has a fifty day moving average of $14.43 and a 200 day moving average of $8.19. 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 stock has a market cap of $4.59 billion, a price-to-earnings ratio of -15.08 and a beta of 2.23.
Institutional Trading of Kingsoft Cloud
Several institutional investors have recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. grew its holdings 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 worth $205,000 after purchasing an additional 2,200 shares during the period. Jane Street Group LLC increased its position in shares of Kingsoft Cloud by 383.5% during the third quarter. Jane Street Group LLC now owns 322,503 shares of the company's stock valued at $948,000 after acquiring an additional 255,795 shares during the last quarter. Yeomans Consulting Group Inc. acquired a new stake in shares of Kingsoft Cloud during the fourth quarter valued at about $318,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Kingsoft Cloud in the 3rd quarter valued at approximately $326,000. Finally, State Street Corp lifted its holdings in shares of Kingsoft Cloud by 0.5% in the 3rd quarter. State Street Corp now owns 609,790 shares of the company's stock worth $1,793,000 after acquiring an additional 3,104 shares during the last quarter. Hedge funds and other 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.
Read More
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
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
