KE Holdings Inc ADR (BEKE): Street Finally Waking Up

Currently, there are 1.12B common shares owned by the public and among those 1.11B shares have been available to trade.

The company’s stock has a 5-day price change of -6.60% and -26.06% over the past three months. BEKE shares are trading -10.04% year to date (YTD), with the 12-month market performance up to 12.42% higher. It has a 12-month low price of $12.44 and touched a high of $26.05 over the same period. BEKE has an average intraday trading volume of 8.18 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -7.90%, -14.50%, and -2.55% respectively.

Institutional ownership of KE Holdings Inc ADR (NYSE: BEKE) shares accounts for 42.69% of the company’s 1.12B shares outstanding.

It has a market capitalization of $18.48B and a beta (3y monthly) value of -0.74. The stock’s trailing 12-month PE ratio is 33.80, while the earnings-per-share (ttm) stands at $0.49. The company has a PEG of 5.22 and a Quick Ratio of 1.61 with the debt-to-equity ratio at 0.31. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.58% over the week and 3.27% over the month.

Analysts forecast that KE Holdings Inc ADR (BEKE) will achieve an EPS of 2.05 for the current quarter, 1.24 for the next quarter and 8.48 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 1.46 while analysts give the company a high EPS estimate of 1.46. Comparatively, EPS for the current quarter was 1.44 a year ago. Earnings per share for the fiscal year are expected to decrease by -12.26%, and 17.33% over the next financial year.

Looking at the support for the BEKE, a number of firms have released research notes about the stock. BofA Securities stated their Buy rating for the stock in a research note on October 30, 2024, with the firm’s price target at $24-$28. Citigroup coverage for the KE Holdings Inc ADR (BEKE) stock in a research note released on September 10, 2024 offered a Buy rating with a price target of $23.80. JP Morgan on their part issued Overweight rating on January 30, 2023.

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