KE Holdings Inc. (NYSE:BEKE) saw a downside of -3.12% to close Tuesday at $16.75 after subtracting -$0.54 on the day. The 5-day average trading volume is 8,250,340 shares of the company’s common stock. It has gained $18.17 in the past week and touched a new high 3 times within the past 5 days. An average of 8,689,255 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 8,242,864.
BEKE’s 1-month performance is 17.54% or $2.44 on its low of $14.02 reached on 07/10/23. The company’s shares have touched a 52-week low of $9.09 and high of $21.08, with the stock’s rally to the 52-week high happening on 02/14/23. YTD, BEKE has achieved 19.99% or $2.79 and has reached a new high 11 times. However, the current price is down -20.54% from the 52-week high price.
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Valuation Metrics
BEKE stock has a beta of -0.99. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.08 while the price-to-book (PB) in the most recent quarter is 1.98, with the price to cash flow ratio at 15.95.
KE Holdings Inc.’s quick ratio for the period ended March 30 was 2.00, with the current ratio over the same period at 2.00.. In terms of profitability, the gross margin trailing 12 months is 26.20%. The firm’s gross profit as reported stood at -$120.76 million against revenue of $8.8 billion.
Earnings Surprise
For the quarterly period ending March 30 this year, KE Holdings Inc.’s cash and short-term investments amounted to $5.14 billion against total debt of $13.04 billion. Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 59.07% to -$200.96 million, while revenue of $0.0 was 100.0% off the previous quarter. Analysts expected BEKE to announce $0.24 per share in earnings in its latest quarter, but it posted $0.41, representing a 70.80% surprise. EBITDA for the quarter stood at more than $433.63 million.
Let’s look briefly at KE Holdings Inc. (BEKE) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 08 August was 50.68% to suggest the stock is trending Neutral, with historical volatility in this time period at 54.73%.
The stock’s 5-day moving average is $17.25, reflecting a -4.78% or -$0.84 change from its current price. BEKE is currently trading +12.57% above its 20-day SMA, -2.67% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +10.34% and SMA200 by+49.55%.
Stochastic %K and %D was 73.99% and 80.16% and the average true range (ATR) pointed at 0.88. The RSI (14) points at 52.95%, while the 14-day stochastic is at 58.17% with the period’s ATR at 0.84. The stock’s 9-day MACD Oscillator is pointing at -0.15 and 0.40 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for KE Holdings Inc. (NYSE: BEKE), New Street launched coverage with a Buy rating.
