KE Holdings Inc ADR (NYSE: BEKE): Reassessing Prospects

KE Holdings Inc ADR (BEKE) concluded trading on Wednesday at a closing price of $13.89, with 5.17 million shares of worth about $71.81 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 1.91% during that period and on August 28, 2024 the price saw a loss of about -4.40%. Currently the company’s common shares owned by public are about 1.17B shares, out of which, 1.16B shares are available for trading.

Stock saw a price change of -5.96% in past 5 days and over the past one month there was a price change of 2.81%. Year-to-date (YTD), BEKE shares are showing a performance of -14.31% which decreased to -4.82% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $12.44 but also hit the highest price of $20.48 during that period. The average intraday trading volume for KE Holdings Inc ADR shares is 6.80 million. The stock is currently trading -3.37% below its 20-day simple moving average (SMA20), while that difference is down -4.89% for SMA50 and it goes to -6.64% lower than SMA200.

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KE Holdings Inc ADR (NYSE: BEKE) currently have 1.17B outstanding shares and institutions hold larger chunk of about 44.35% of that.

The stock has a current market capitalization of $16.19B and its 3Y-monthly beta is at -0.75. PE ratio of stock for trailing 12 months is 28.60, while it has posted earnings per share of $0.49 in the same period. Its PEG reads 16.35 and has Quick Ratio of 1.63 while making debt-to-equity ratio of 0.29. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for BEKE, volatility over the week remained 3.07% while standing at 3.63% over the month.

Stock’s fiscal year EPS is expected to drop by -11.94% while it is estimated to increase by 14.79% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by New Street on May 09, 2023 offering a Buy rating for the stock and assigned a target price of $22 to it. On January 30, 2023, JP Morgan Initiated their recommendations, while on January 12, 2023, JP Morgan Upgrade their ratings for the stock with a price target of $21. Stock get a Buy rating from HSBC Securities on June 23, 2022.

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