Kingsoft Cloud (NASDAQ:KC) Sees Strong Trading Volume – Should You Buy?

Kingsoft Cloud Holdings Limited (NASDAQ:KC) shares saw an uptick in trading volume on Tuesday . 2,087,837 shares were traded during trading, a decline of 12% from the previous session’s volume of 2,384,098 shares.The stock last traded at $15.96 and had previously closed at $15.76.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. UBS Group raised 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 report on Friday, December 6th. Nomura downgraded shares of Kingsoft Cloud from a “buy” rating to a “neutral” rating in a research note on Monday, March 3rd. Finally, Nomura Securities cut shares of Kingsoft Cloud from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 3rd. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Kingsoft Cloud presently has a consensus rating of “Hold” and a consensus price target of $6.55.

Kingsoft Cloud Stock Performance

The company’s fifty day moving average price is $15.63 and its two-hundred day moving average price is $9.13. The firm has a market capitalization of $4.00 billion, a PE ratio of -13.11 and a beta of 2.23. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.67 and a current ratio of 0.67.

Kingsoft Cloud (NASDAQ:KC) last announced its quarterly earnings results on Wednesday, March 19th. The company reported ($0.05) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.06. The company had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.11 billion. Kingsoft Cloud had a negative net margin of 28.41% and a negative return on equity of 19.13%. Kingsoft Cloud’s revenue for the quarter was up 29.6% on a year-over-year basis. During the same quarter last year, the business earned $0.08 EPS. As a group, equities analysts expect that Kingsoft Cloud Holdings Limited will post -0.63 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio purchased a new position in shares of Kingsoft Cloud in the 4th quarter valued at $609,000. GTS Securities LLC purchased a new position in Kingsoft Cloud in the fourth quarter valued at about $325,000. Vise Technologies Inc. acquired a new position in shares of Kingsoft Cloud during the fourth quarter worth about $125,000. Voloridge Investment Management LLC purchased a new stake in shares of Kingsoft Cloud in the fourth quarter worth about $16,345,000. Finally, Vident Advisory LLC grew its stake in shares of Kingsoft Cloud by 158.9% in the fourth quarter. Vident Advisory LLC now owns 89,794 shares of the company’s stock valued at $942,000 after buying an additional 55,113 shares in the last quarter. 13.40% of the stock is owned by institutional investors and hedge funds.

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.