Kingsoft Cloud Sees Unusually Large Options Volume (NASDAQ:KC)

Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC) was the recipient of some unusual options trading on Tuesday. Investors purchased 5,591 call options on the company. This represents an increase of approximately 111% compared to the typical daily volume of 2,649 call options.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on KC shares. Nomura Securities upgraded shares of Kingsoft Cloud from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 5th. Nomura upgraded shares of Kingsoft Cloud from a “neutral” rating to a “buy” rating and set a $18.30 price objective for the company in a report on Monday, May 5th. Finally, Wall Street Zen cut Kingsoft Cloud from a “hold” rating to a “sell” rating in a report on Saturday, July 12th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Kingsoft Cloud currently has an average rating of “Moderate Buy” and an average price target of $11.33.

Kingsoft Cloud Trading Down 5.3%

Shares of NASDAQ KC opened at $14.29 on Thursday. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $4.00 billion, a PE ratio of -12.99 and a beta of 2.10. Kingsoft Cloud has a twelve month low of $2.02 and a twelve month high of $22.26. The stock has a fifty day simple moving average of $12.70 and a 200-day simple moving average of $13.69.

Institutional Trading of Kingsoft Cloud

Hedge funds have recently modified their holdings of the stock. Compagnie Lombard Odier SCmA purchased a new position in Kingsoft Cloud in the 1st quarter valued at $65,000. Bayforest Capital Ltd purchased a new position in shares of Kingsoft Cloud during the 1st quarter worth approximately $78,000. Farther Finance Advisors LLC acquired a new position in shares of Kingsoft Cloud in the second quarter worth $100,000. Atlas Capital Advisors Inc. purchased a new position in Kingsoft Cloud in the 1st quarter valued at about $104,000. Finally, Marshall Wace LLP purchased a new position in shares of Kingsoft Cloud during the fourth quarter valued at approximately $119,000. 13.40% of the stock is currently 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.