Shares of KE Holdings Inc. (NYSE: BEKE) rose in value on Thursday 4/11/21 as the stock price fell -3.06% from the previous day’s close, the strong demand from buyers who pushed the stock to $ 18.37.
By actively observing the price movement during the last session, the stock closed the session at $ 18.95, falling in a range of $ 17.59 to $ 19.2499. The PE ratio was 45.14 over a 12 month period. Referring to the stock’s performance over 52 weeks, its high was $ 79.40 and the low was $ 15.15. Overall, BEKE has fluctuated 3.20% over the past month.
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With KE Holdings Inc.’s market capitalization currently standing at around $ 23.59 billion, investors are eagerly awaiting this quarter’s results, which are scheduled for May 19, 2021. As a result, investors might want to see an improvement. share price before the company announces its earnings report. Analysts predict the company’s earnings per share (EPS) will be – $ 0.03, which is expected to rise to $ 0.05 for the fiscal year and then to around $ 0.76 by fiscal 2022. The data indicates that the growth of BPA is expected to be -31.60%. in 2022, while next year’s EPS growth is expected to be 94.90%.
Analysts put the company’s revenue for the quarter at $ 2.38 billion, with a low estimate of $ 2.32 billion and a high estimate of $ 2.42 billion. Average forecast is that sales growth for the current quarter could fall by -9.00% compared to the corresponding quarter of last year. Wall Street analysts also predicted that by 2022 the company’s annual revenue would reach $ 12.02 billion, an increase of 9.90% over revenue reported in last year’s earnings.
Revisions could be a useful indicator to gain insight into short-term price developments; thus, for the company, there have been no upward and downward revision (s) in the past seven days. We see that the technical picture of BEKE suggests that short term indicators indicate that the stock is selling 50% on average. However, the mid-term indicators put the stock in the 100% sell category while the long-term indicators on average indicate that it is a 100% sell.
15 analysts rated the stock’s forecast valuation on a scale of 1.00 to 5.00 to indicate a strong buy to a strong sell recommendation. The stock is classified as retained by 8 analysts, 7 recommend it as a buy and 0 is called the overweighting of the BEKE stock. In the meantime, 0 analyst (s) think the stock is underweight and 0 think it is a sell. Thus, investors wishing to increase their holdings in shares of the company will have the opportunity to do so as the average rating of the stock is Overweighted.
Technical analysis of the stock shows the PEG ratio to be around 2.19, with the price of BEKE currently trading near -12.90% and -5.58% of simple moving averages for 20 and 50. days respectively. The Relative Strength Index (RSI, 14) is currently showing a reading of 42.44 while the 7 Day Volatility Ratio shows 6.18% which for the 30 day chart stands at 6.62 %. Additionally, the Average True Range (ATR) of KE Holdings Inc. (BEKE) is 1.47. The company’s shares are expected to trade at an average price of $ 165.84 over the next 52 weeks, with a low of $ 116.59 and a high of $ 254.35. Based on these price targets, the low is -534.68% from the current price, while the price must move -1284.59% to reach the highest annual target. Additionally, the median analyst price of $ 145.09 should be welcomed by investors as it represents a -689.82% decline from current levels.
Historical transaction data from KE Holdings Inc. (NYSE: BEKE) indicates that transaction volumes over the past 10 days have averaged 9.68 million and over the past 3 months have averaged of 12.03 million. According to the company’s latest data on outstanding shares, there are 1.17 billion shares outstanding.
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Almost 0.89% of the shares of KE Holdings Inc. are owned by company insiders and institutional investors hold 32.50% of the company’s shares. The short interest data also shows that short positions in equities represented 19.96 million shares as of September 29, 2021, resulting in an overdraft ratio of 1.64. According to the data, the short participation in KE Holdings Inc. (BEKE) was 1.68% of the outstanding shares as of September 29, 2021; the number of uncovered shares registered as of August 30, 2021 reached 20.75 million. The stock has fallen -70.15% since the start of the year, showing the potential for further growth. This could boost investor confidence to be bullish on BEKE stock heading into the next quarter.