KE Holdings Inc. (NYSE:BEKE) currently has a daily average trading volume of 12.87M but it saw 6644155 shares traded on Wednesday. With a market cap of 17.68B USD, stock’s current market price of $14.85 came rising about 5.54 while comparing to the previous closing price of $14.07. In past 52 weeks, the stock remained buoying in the range of price level as high as $24.85 and as low as $7.31. In the recent trading on the day, stock has struck highest price mark of $15.02 while lowest mark touched by it was $14.43.
Taking a look at 20-day trading activity of KE Holdings Inc. (BEKE) gives us an average price of $12.58, while its current price level is -40.24% below from 52-week high level whereas it is 103.15% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $14.05 while that of 200 days or SMA-200 reads an average of $14.89. A closer look into the stock’s movement over the week reveals that its volatility is standing at 6.54% during that period while stretching the period over a month that increases to 7.80%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 58.89 which implies that the stock is in neutral territory.
The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $102.76 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $202.59. Average price target assigned by them is $146.18 which highlights an upside potential of 89.84% for the stock over that period. And to attain the median price target of $146.72 assigned by those analysts, stock has to add about 89.88% of value to its current levels.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the HSBC Securities which upgraded the stock as “Buy” in its note to investors issued on June 23, 2022, recommending a price target of between $13.70 and $20.80 for it. JP Morgan also issued its recommendations for the stock as it upgraded the price target for the stock in the range of between $7.50 and $13.50.
Over the week, BEKE’s stock price is moving 0.07% up while it is 43.20% when we observe its performance for the past one month. Year-to-date it is -26.19% down and over the past year, the stock is showing a downside performance of -30.28%.
The latest quarterly earnings report issued by the company was for quarter ended 6/29/2022, when its quarterly earnings per share (EPS) of -$0.07 beat the consensus estimate of -$0.21 for the same. For BEKE, analysts are forecasting an EPS-growth rate of -37.90% for current year and estimate for EPS growth in next year is 233.30%. In next quarter, company is expected to be making quarterly sales of $2.61 billion as analysts are expecting the sales for current fiscal year at $8.75 billion and seeing the company making $10.76 billion in sales next year. Moreover, analysts are in estimates of $2.38 billion for current-quarter revenue.
Currently, KE Holdings Inc.’s total number of outstanding shares is 1.19B with 0.10% of that held by the insiders while 39.59% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -4.80% and return on equity (ROE) at -7.70%. It has a 3.52 of forward P/E ratio. Stock has a price to book (P/B) ratio of 1.90 while price to sale or P/S ratio amounts to 2.03. Its return on asset (ROA) is -5.10% on average.
A filing at the U.S. Securities and Exchange Commission revealed that KraneShares CSI China Internet ET came shrinking its share ownership by 0.17% in the KE Holdings Inc. (BEKE) increasing its stake to 1.41% with control over 28686.0 shares in the company. As per SEC documents, KraneShares CSI China Internet ET shunned 17,057,710 of company’s common stock of worth $173.65 million as per recent closing price of the stock. KraneShares CSI China Internet ET is not the only institutional holder which restructured its stake in KE Holdings Inc., as Morgan Stanley Invt Fds – Asia dumped 14,210,718 shares of worth $144.67 million to bring its holdings to a total of -0.64 million shares.