As of Friday close, KE Holdings Inc.’s (NYSE:BEKE) stock was down -$0.07, moving down -0.39 percent to $17.72. The average number of shares traded per day over the past five days has been 8,294,520 shares. 4 times new highs have been achieved over the past 5 days, with a -$0.27 fall in that time frame. In the last twenty days, the average volume was 8,546,050, while in the previous 50 days, it was 8,274,338.
Since last month, BEKE stock rose 24.88%. Shares of the company fell to $14.02 on 07/10/23, the lowest level in the past month. A 52-week high of $21.08 was reached on 02/14/23 after having rallying from a 52-week low of $9.09. Since the beginning of this year, BEKE’s stock price has risen by 26.93% or $3.76, and marked a new high 11 times. However, the stock has declined by -15.94% since its 52-week high.
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Valuation Metrics
Right now, KE Holdings Inc. (BEKE) has a P/E ratio of about 79.11. The stock’s beta is -1.00. Besides these, the trailing price-to-sales (P/S) ratio of 2.20, the price-to-book (PB) ratio of 2.09, and the price-to-cash flow ratio of 16.91 may also be considered.
Financial Health
In the three months ended March 30, KE Holdings Inc.’s quick ratio stood at 2.00, while its current ratio was 2.00, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 26.20% percent. In the year ended March 30, EBITDA margin amounted to 1.35%, whereas operating margins totaled 3.70%. Based on annual data, BEKE earned -$120.76 million in gross profit and brought in $8.8 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 -4.50%. Return on equity (ROE) for the past 12 months was 2.90%.
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 fell -44.06% during the quarter, while net income inched up to $8.8 billion. While analysts expected KE Holdings Inc. to report $0.24 quarterly earnings, the actual figure was $0.41 per share, beating the consensus estimate by 70.80%. During the quarter, the company generated $433.63 million in EBITDA.
Technical Picture
This quick technical analysis looks at KE Holdings Inc.’s (BEKE) price momentum. With a historical volatility rate of 63.30%, the RSI 9-day stood at 63.21% on 04 August.
With respect to its five-day moving average, the current KE Holdings Inc. price is down by -1.50% percent or -$0.27. At present, BEKE shares trade +23.83% above its 20-day simple moving average and +1.55% percent above its 100-day simple moving average. However, the stock is currently trading approximately +14.25% above its SMA50 and +39.75% above its SMA200.
Stochastic coefficient K was 81.18% and Stochastic coefficient D was 79.76%, while ATR was 0.89. Given the Stochastic reading of 88.43% for the 14-day period, the RSI (14) reading has been calculated as 61.32%. As of today, the MACD Oscillator reading stands at 0.04, while the 14-day reading stands at 0.89.
Analyst Ratings
New Street launched its rating on KE Holdings Inc. (NYSE: BEKE) to a Buy in a note to investors on May 09, 2023. KE Holdings Inc. (BEKE) has been rated Buy by analysts. According to 0 brokerage firms, BEKE is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate KE Holdings Inc. stock as buy, with 25 recommending it as overweight.
With a median target price of $174.77, the current consensus forecast for the stock is $140.46 – $227.32. Based on these forecasts, analysts predict KE Holdings Inc. (BEKE) will achieve an average price target of $175.63.
