The stock price of KE Holdings Inc ADR (NYSE: BEKE) has dropped by -1.24 compared to previous close of 14.52. Despite this, the company has seen a fall of -2.25% in its stock price over the last five trading days. seekingalpha.com reported 2024-08-14 that KE Holdings reported strong Q2 2024 results, with GTV and net revenues increasing, demonstrating resilience in a challenging real estate market. Net revenues from new businesses like home renovation and furnishing, and home rental services showed impressive growth, offsetting mixed results from existing home transaction services. BEKE’s strong balance sheet, increased share repurchase program, and undervalued current level indicate potential for over 50% upside, maintaining a “buy” rating.
Is It Worth Investing in KE Holdings Inc ADR (NYSE: BEKE) Right Now?
The price-to-earnings ratio for KE Holdings Inc ADR (NYSE: BEKE) is 29.53x, which is above its average ratio. Moreover, the 36-month beta value for BEKE is -0.72. Analysts have varying opinions on the stock, with 13 analysts rating it as a “buy,” 5 as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for BEKE is 1.16B and currently, short sellers hold a 3.11% of that float. On September 10, 2024, BEKE’s average trading volume was 6.08M shares.
BEKE’s Market Performance
The stock of KE Holdings Inc ADR (BEKE) has seen a -2.25% decrease in the past week, with a 2.21% rise in the past month, and a -9.92% fall in the past quarter. The volatility ratio for the week is 2.37%, and the volatility levels for the past 30 days are at 3.18% for BEKE. The simple moving average for the past 20 days is -2.80% for BEKE’s stock, with a -3.45% simple moving average for the past 200 days.
Analysts’ Opinion of BEKE
Many brokerage firms have already submitted their reports for BEKE stocks, with New Street repeating the rating for BEKE by listing it as a “Buy.” The predicted price for BEKE in the upcoming period, according to New Street is $22 based on the research report published on May 09, 2023 of the previous year 2023.
BEKE Trading at -1.02% from the 50-Day Moving Average
After a stumble in the market that brought BEKE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -29.98% of loss for the given period.
Volatility was left at 3.18%, however, over the last 30 days, the volatility rate increased by 2.37%, as shares sank -3.51% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.92% upper at present.
During the last 5 trading sessions, BEKE fell by -2.66%, which changed the moving average for the period of 200-days by -7.87% in comparison to the 20-day moving average, which settled at $14.73. In addition, KE Holdings Inc ADR saw -11.54% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at BEKE starting from BLOSSOM SOUTH LIMITED, who proposed sale 500,000 shares at the price of $13.23 back on Aug 14 ’24. After this action, BLOSSOM SOUTH LIMITED now owns shares of KE Holdings Inc ADR, valued at $6,615,000 using the latest closing price.
Stock Fundamentals for BEKE
Current profitability levels for the company are sitting at:
- 0.04 for the present operating margin
- 0.21 for the gross margin
The net margin for KE Holdings Inc ADR stands at 0.06. The total capital return value is set at 0.03. Equity return is now at value 5.82, with 3.47 for asset returns.
Based on KE Holdings Inc ADR (BEKE), the company’s capital structure generated 0.22 points at debt to capital in total, while cash flow to debt ratio is standing at 0.38.
Currently, EBITDA for the company is 8.5 billion with net debt to EBITDA at 2.11. When we switch over and look at the enterprise to sales, we see a ratio of 1.91. The receivables turnover for the company is 6.66for trailing twelve months and the total asset turnover is 0.59. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.63.
Conclusion
To wrap up, the performance of KE Holdings Inc ADR (BEKE) has been bad in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
