KE Holdings Inc ADR (BEKE) stock expected to gain 17.9% in the coming months

At the time of writing, KE Holdings Inc ADR [BEKE] stock is trading at $20.00, up 1.57%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The BEKE shares have gain 39.18% over the last week, with a monthly amount glided 43.99%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Previously, New Street started tracking the stock with Buy rating on May 09, 2023, and set its price target to $22. On February 24, 2023, Daiwa Securities initiated with a Buy rating. JP Morgan started tracking the stock assigning a Overweight rating. JP Morgan upgraded its rating to a Overweight and raised its price target to $21 on January 12, 2023. HSBC Securities upgraded its rating to Buy for this stock on June 23, 2022, and upped its price target to $20.80. In a note dated June 21, 2022, Citigroup initiated an Buy rating and provided a target price of $22.50 on this stock.

For the past year, the stock price of KE Holdings Inc ADR fluctuated between $12.44 and $20.48. Currently, Wall Street analysts expect the stock to reach $23.58 within the next 12 months. KE Holdings Inc ADR [NYSE: BEKE] shares were valued at $20.00 at the most recent close of the market. An investor can expect a potential return of 17.9% based on the average BEKE price forecast.

Analyzing the BEKE fundamentals

According to KE Holdings Inc ADR [NYSE:BEKE], the company’s sales were 10.76B for trailing twelve months, which represents an 16.27% jump. Gross Profit Margin for this corporation currently stands at 0.21% with Operating Profit Margin at 0.04%, Pretax Profit Margin comes in at 0.08%, and Net Profit Margin reading is 0.06%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.06 and Total Capital is 0.03. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.29.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 19.56 points at the first support level, and at 19.11 for the second support level. However, for the 1st resistance point, the stock is sitting at 20.32, and for the 2nd resistance point, it is at 20.64.

Ratios To Look Out For

It is important to note that KE Holdings Inc ADR [NYSE:BEKE] has a current ratio of 1.62. Further, the Quick Ratio stands at 1.59, while the Cash Ratio is 0.22. Considering the valuation of this stock, the price to sales ratio is 2.15, the price to book ratio is 2.43 and price to earnings (TTM) ratio is 41.28.

Transactions by insiders

Recent insider trading involved BLOSSOM SOUTH LIMITED, Officer, that happened on Sep 27 ’24 when 0.5 million shares were purchased. Officer, IDEAL ELECT LIMITED completed a deal on Sep 26 ’24 to buy 0.5 million shares. Meanwhile, Director Clover Rich Limited bought 1.21 million shares on Sep 24 ’24.

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