Technicals Say KE Holdings Inc. (BEKE) Is Worth Holding

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As of Wednesday close, KE Holdings Inc.’s (NYSE:BEKE) stock was up $0.78, moving up 5.54 percent to $14.85. The average number of shares traded per day over the past five days has been 10,634,740 shares. 1 time new highs have been achieved over the past 5 days, with a $0.01 gain in that time frame. In the last twenty days, the average volume was 11,724,960, while in the previous 50 days, it was 12,618,546.

Since last month, BEKE stock rose 43.20%. Shares of the company fell to $9.09 on 10/28/22, the lowest level in the past month. A 52-week high of $24.85 was reached on 01/20/22 after having rallying from a 52-week low of $7.31. Since the beginning of this year, BEKE’s stock price has dropped by -26.19% or -$5.27, and marked a new high 7 times. However, the stock has declined by -40.24% since its 52-week high.


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Financial Health

In the three months ended June 29, KE Holdings Inc.’s quick ratio stood at 1.90, while its current ratio was 1.90, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 17.00% percent. In the year ended June 29, operating margins totaled -10.20%. Based on annual data, BEKE earned -$212.61 million in gross profit and brought in $12.67 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -4.80%. Return on equity (ROE) for the past 12 months was -7.70%.

According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. BEKE’s revenue rose 14.76% during the quarter, while net income inched up to $12.67 billion. While analysts expected KE Holdings Inc. to report -$0.21 quarterly earnings, the actual figure was -$0.07 per share, beating the consensus estimate by 66.70%. During the quarter, the company generated -$226.63 million in EBITDA.

Technical Picture

This quick technical analysis looks at KE Holdings Inc.’s (BEKE) price momentum. With a historical volatility rate of 99.93%, the RSI 9-day stood at 62.79% on 23 November.

With respect to its five-day moving average, the current KE Holdings Inc. price is up by +0.07% percent or $0.01. At present, BEKE shares trade +34.03% above its 20-day simple moving average and -16.39% percent below its 100-day simple moving average. However, the stock is currently trading approximately -18.67% below its SMA50 and -22.58% below its SMA200.

Stochastic coefficient K was 73.74% and Stochastic coefficient D was 76.39%, while ATR was 1.22. Given the Stochastic reading of 78.57% for the 14-day period, the RSI (14) reading has been calculated as 58.89%. As of today, the MACD Oscillator reading stands at -0.04, while the 14-day reading stands at 1.14.

Analyst Ratings

HSBC Securities upgraded its rating on KE Holdings Inc. (NYSE: BEKE) to a Buy in a note to investors on June 23, 2022. The analysts firm previously had a Hold rating on the stock.KE Holdings Inc. (BEKE) has been rated Buy by analysts. According to 0 brokerage firms, BEKE is a sell, and 3 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate KE Holdings Inc. stock as buy, with 16 recommending it as overweight.

With a median target price of $146.72, the current consensus forecast for the stock is $102.76 – $202.59. Based on these forecasts, analysts predict KE Holdings Inc. (BEKE) will achieve an average price target of $146.18.

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