Is KE Holdings Inc. (NYSE: BEKE) Stock On Course For Another Boom Or Bust? – Marketing Sentinel
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Is KE Holdings Inc. (NYSE: BEKE) Stock On Course For Another Boom Or Bust?

During the recent session, KE Holdings Inc. (NYSE:BEKE)’s traded shares were 1.5 million. At the last check today, the stock’s price was $14.91, reflecting an intraday loss of -0.60% or -$0.09. The 52-week high for the BEKE share is $25.98, that puts it down -74.25 from that peak though still a striking 50.97% gain since the share price plummeted to a 52-week low of $7.31. The company’s market capitalization is $153.64B, and the average intraday trading volume over the past 10 days was 9.81 million shares, and the average trade volume was 13.83 million shares over the past three months.

KE Holdings Inc. (BEKE) received a consensus recommendation of a Buy from analysts. That translates to a mean rating of 2.10. BEKE has a Sell rating from 0 analyst(s) out of 20 analysts who have looked at this stock. 3 analyst(s) recommend to Hold the stock while 2 suggest Overweight, and 15 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -$0.22.

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KE Holdings Inc. (NYSE:BEKE) trade information

KE Holdings Inc. (BEKE) registered a -0.60% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -0.60% in intraday trading to $14.91 this Thursday, 08/04/22, hitting a weekly high. The stock’s 5-day price performance is 1.28%, and it has moved by -6.07% in 30 days. Based on these gigs, the overall price performance for the year is -28.26%. The short interest in KE Holdings Inc. (NYSE:BEKE) is 30.67 million shares and it means that shorts have 2.17 day(s) to cover.

The consensus price target of analysts on Wall Street is $135.74, which implies an increase of 89.02% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $91.24 and $209.72 respectively. As a result, BEKE is trading at a discount of -1306.57% off the target high and -511.94% off the low.

KE Holdings Inc. (BEKE) estimates and forecasts

Statistics show that KE Holdings Inc. has underperformed its competitors in share price, compared to the industry in which it operates. KE Holdings Inc. (BEKE) shares have gone down -26.90% during the last six months, with a year-to-date growth rate less than the industry average at -76.67% against -9.10. Yet analysts are ramping up their growth forecast for the fiscal year 2022. Revenue is predicted to shrink -204.80% this quarter and then jump 200.00% in the quarter after that. In the rating firms’ projections, revenue will decrease -21.80% compared to the previous financial year.

Revenue for the current quarter is expected to be $1.57 billion as predicted by 6 analyst(s). Meanwhile, a consensus of 6 analyst(s) estimates revenue growth to $3.1 billion by the end of Sep 2022.

While earnings are projected to return -146.50% in 2022, the next five years will return 2.85% per annum.

BEKE Dividends

KE Holdings Inc. is due to release its next quarterly earnings in September. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

KE Holdings Inc. (NYSE:BEKE)’s Major holders

KE Holdings Inc. insiders own 0.10% of total outstanding shares while institutional holders control 36.00%, with the float percentage being 36.03%. SB Global Advisers Ltd is the largest shareholder of the company, while 382 institutions own stock in it. As of Mar 30, 2022, the company held over 37.18 million shares (or 3.07% of all shares), a total value of $459.89 million in shares.

The next largest institutional holding, with 25.51 million shares, is of Morgan Stanley’s that is approximately 2.10% of outstanding shares. At the market price on Mar 30, 2022, these shares were valued at $315.51 million.

Also, the Mutual Funds coming in first place with the largest holdings of KE Holdings Inc. (BEKE) shares are KraneShares CSI China Internet ETF and Price (T.Rowe) Emerging Markets Discovery Stock Fund. Data provided on Mar 30, 2022 indicates that KraneShares CSI China Internet ETF owns about 15.52 million shares. This amounts to just over 1.28 percent of the company’s overall shares, with a $192.01 million market value. The same data shows that the other fund manager holds slightly less at 5.16 million, or about 0.43% of the stock, which is worth about $73.11 million.

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