KE Holdings Inc ADR (NYSE:BEKE) shares, rose in value on Friday, April 05, with the stock price down by -0.68% to the previous day’s close as strong demand from buyers drove the stock to $13.91.
Actively observing the price movement in the recent trading, the stock is buoying the session at $14.01. The value of beta (5-year monthly) is -0.74 whereas the PE ratio is 20.09 over 12-month period. Referring to stock’s 52-week performance, its high was $19.74, and the low was $12.44. On the whole, BEKE has fluctuated by 9.14% over the past month.
With the market capitalization of KE Holdings Inc ADR currently standing at about $16.43 billion, investors are eagerly awaiting this quarter’s results, scheduled for May 16, 2024 – May 20, 2024. The company’s Forward Dividend Ratio is 0.35, with its dividend yield at 2.52%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.12, which is expected to increase to $0.36 for fiscal year $1.05 and then to about $1.21 by fiscal year 2025. Data indicates that the EPS growth is expected to be -6.30% in 2025, while the next year’s EPS growth is forecast to be 15.20%.
Analysts have estimated the company’s revenue for the quarter at $2.21 billion, with a low estimate of $2.05 billion and a high estimate of $2.28 billion. According to the average forecast, sales growth in current quarter could jump down -12.30%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $11.61 billion, representing an increase of 8.10% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that BEKE’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium term indicators have put the stock in the category of 50% Sell while long term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0.35, with the price of BEKE currently trading nearly 0.18% and 0.77% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 50.00, while the 7-day volatility ratio is showing 2.53% which for the 30-day chart, stands at 2.94%. Furthermore, KE Holdings Inc ADR (BEKE)’s beta value is -0.74, and its average true range (ATR) is 0.43.
A comparison of KE Holdings Inc ADR (BEKE) with its peers suggests the former has fared considerably weaker in the market. BEKE showed an intraday change of -0.68% in today’s session so far, and over the past year, it shrunk by -26.94%%.
Data on historical trading for KE Holdings Inc ADR (NYSE:BEKE) indicates that the trading volumes over the past 10 days have averaged 7.34 million and over the past 3 months, they’ve averaged 7.94 million. According to company’s latest data on outstanding shares, there are 1.19 billion shares outstanding.
Nearly 1.68% of KE Holdings Inc ADR’s shares belong to company insiders and institutional investors own 39.85% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 20.0 million shares as on Mar 15, 2024, resulting in a short ratio of 2.8. According to the data, the short interest in KE Holdings Inc ADR (BEKE) stood at 1.92% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 22.88 million. The stock has fallen by -14.16% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the BEKE stock heading into the next quarter.
