Looking To Buy BEST Inc. (BEST)? Read This First

BEST Inc. (NYSE:BEST) saw an upside of 2.99% to close Friday at $2.07 after adding $0.06 on the day. The 5-day average trading volume is 4,563,060 shares of the company’s common stock. It has gained $2.19 in the past week. An average of 7,119,245 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 5,393,116.

BEST’s 1-month performance is 31.85% or $0.53 on its low of $1.23 reached on 09/16/21. The company’s shares have touched a 52-week low of $0.93 and high of $3.66, with the stock’s rally to the 52-week high happening on 02/08/21. YTD, BEST has achieved 1.47% or $0.03. However, the current price is down -43.44%% from the 52-week high price.

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Valuation Metrics

BEST Inc. (BEST) has a trailing price-to-earnings (P/E) ratio of 18.35 for the broader industry and 28.65 for the sector.BEST stock has a beta of 0.40. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.16 while the price-to-book (PB) in the most recent quarter is 7.14.

BEST Inc.’s quick ratio for the period ended June 29 was 0.70, with the current ratio over the same period at 0.70 meaning that BEST stock is not able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 3.35, while the total debt to equity was 6.92. In terms of profitability, the gross margin trailing 12 months is -1.10%. The trailing 12-month EBITDA margin is -3.93%. The firm’s gross profit as reported stood at $36.49 million against revenue of $4.6 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, BEST Inc.’s cash and short-term investments amounted to $41.17 million against total debt of $8.92 billion. Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected BEST to announce -$0.11 per share in earnings in its latest quarter, but it posted -$0.17, representing a -54.50% surprise. EBITDA for the quarter stood at more than -$102.87 million. BEST stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 2.74 billion, with total debt at $8.92 billion

Technical Picture

Let’s look briefly at BEST Inc. (BEST) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 08 October was 75.35% to suggest the stock is trending Overbought, with historical volatility in this time period at 88.92%.

The stock’s 5-day moving average is $1.86, reflecting a +23.95% or $0.40 change from its current price. BEST is currently trading +41.78% above its 20-day SMA, +42.76% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +100.97% and -8.41% respectively.

Stochastic %K and %D was 87.71% and 82.05% and the average true range (ATR) pointed at 0.17. The RSI (14) points at 71.67%, while the 14-day stochastic is at 82.35% with the period’s ATR at 0.16. The stock’s 9-day MACD Oscillator is pointing at 0.19 and 0.19 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for BEST Inc. (NYSE: BEST), Goldman downgraded it to a Neutral rating. They previously had a Buy rating on the stock. Analysts offering their rating for BEST stock have a consensus rating for the stock as Hold. Currently, 0 brokerage advisors rate BEST as a “sell,”, while 2 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 0 rates the stock as overweight while 0 have offered a “buy” rating.

What is BEST’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $6.46 and a high of $7.13, with their median price target at $6.80. Looking at these predictions, the average price target given by analysts is for BEST Inc. (BEST) stock is $6.80.


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