KE Holdings Inc ADR (BEKE): A Technical Analysis

KE Holdings Inc ADR (NYSE: BEKE) has a higher price-to-earnings ratio of 38.17x compared to its average ratio. BEKE has 36-month beta value of -0.77. Analysts have mixed views on the stock, with 14 analysts rating it as a “buy,” 7 as “overweight,” 1 as “hold,” and 0 as “sell.”

The public float for BEKE is 1.10B, and currently, short sellers hold a 3.08% ratio of that float. The average trading volume of BEKE on November 29, 2024 was 13.05M shares.

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BEKE) stock’s latest price update

KE Holdings Inc ADR (NYSE: BEKE)’s stock price has dropped by -1.58 in relation to previous closing price of 19.01. Nevertheless, the company has seen a loss of -6.36% in its stock price over the last five trading days. seekingalpha.com reported 2024-11-22 that KE Holdings Inc. (NYSE:BEKE ) Q3 2024 Earnings Conference Call November 21, 2024 7:00 AM ET Company Participants Siting Li – IR Director Stanley Peng – Co-Founder, Chairman and CEO Tao Xu – Executive Director and CFO Conference Call Participants John Lam – UBS Timothy Zhao – Goldman Sachs Griffin Chan – Citi Thomas Chong – Jefferies Miranda Zhuang – Bank of America Securities Operator Hello, ladies and gentlemen. Thank you for standing by for KE Holdings, Inc.’s Third Quarter 2024 Earnings Conference Call.

BEKE’s Market Performance

KE Holdings Inc ADR (BEKE) has experienced a -6.36% fall in stock performance for the past week, with a -15.61% drop in the past month, and a 26.08% rise in the past quarter. The volatility ratio for the week is 4.63%, and the volatility levels for the past 30 days are at 4.15% for BEKE. The simple moving average for the last 20 days is -8.72% for BEKE’s stock, with a simple moving average of 14.72% for the last 200 days.

Analysts’ Opinion of BEKE

Many brokerage firms have already submitted their reports for BEKE stocks, with BofA Securities repeating the rating for BEKE by listing it as a “Buy.” The predicted price for BEKE in the upcoming period, according to BofA Securities is $28 based on the research report published on October 30, 2024 of the current year 2024.

Citigroup, on the other hand, stated in their research note that they expect to see BEKE reach a price target of $23.80. The rating they have provided for BEKE stocks is “Buy” according to the report published on September 10th, 2024.

New Street gave a rating of “Buy” to BEKE, setting the target price at $22 in the report published on May 09th of the previous year.

BEKE Trading at -10.18% 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 -28.16% of loss for the given period.

Volatility was left at 4.15%, however, over the last 30 days, the volatility rate increased by 4.63%, as shares sank -14.89% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +22.63% upper at present.

During the last 5 trading sessions, BEKE fell by -6.58%, which changed the moving average for the period of 200-days by +35.45% in comparison to the 20-day moving average, which settled at $20.50. In addition, KE Holdings Inc ADR saw 15.42% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at BEKE starting from BLOSSOM SOUTH LIMITED, who proposed sale 1,000,000 shares at the price of $18.40 back on Nov 25 ’24. After this action, BLOSSOM SOUTH LIMITED now owns shares of KE Holdings Inc ADR, valued at $18,400,000 using the latest closing price.

MYRIAD TALENT INVESTMENT LIMIT, the Officer of KE Holdings Inc ADR, proposed sale 500,000 shares at $16.35 during a trade that took place back on Sep 30 ’24, which means that MYRIAD TALENT INVESTMENT LIMIT is holding shares at $8,175,000 based on the most recent closing price.

Stock Fundamentals for BEKE

Current profitability levels for the company are sitting at:

  • 0.04 for the present operating margin
  • 0.27 for the gross margin

The net margin for KE Holdings Inc ADR stands at 0.05. The total capital return value is set at 0.04. Equity return is now at value 5.79, with 3.43 for asset returns.

Based on KE Holdings Inc ADR (BEKE), the company’s capital structure generated 0.01 points at debt to capital in total, while cash flow to debt ratio is standing at 16.92. The debt to equity ratio resting at 0.01. The interest coverage ratio of the stock is 102.66.

Currently, EBITDA for the company is 9.31 billion with net debt to EBITDA at 2.67. When we switch over and look at the enterprise to sales, we see a ratio of 2.22. The receivables turnover for the company is 7.54for trailing twelve months and the total asset turnover is 0.67. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.61.

Conclusion

To put it simply, KE Holdings Inc ADR (BEKE) has had a mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. 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.

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