BEST Inc. (NYSE:BEST) shares, dropped in value on Wednesday, Jan 13, with the stock price down by -4.21% to the previous day’s close as weak demand from buyers trailed the stock to $2.05.
Actively observing the price movement in the last trading, the stock closed the session at $2.14, falling within a range of $2.0400 and $2.1600. The value of beta (5-year monthly) was 0.72 whereas the PE ratio was 0 over 12-month period. Referring to stock’s 52-week performance, its high was $6.54, and the low was $1.91. On the whole, BEST has fluctuated by -18.65% over the past month.
With the market capitalization of BEST Inc. currently standing at about $794.01 Million, investors are eagerly awaiting this quarter’s results, scheduled for Feb 2021. The company’s Forward Dividend Ratio is 0, with its dividend yield at 0%. As a result, investors may see a weakening in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.13, which is expected to decline to -$0.04 for fiscal year 2021 and then to about -$0.13 by fiscal year 2022. Data indicates that the EPS growth is expected to be 12% in 2021, while the next year’s EPS growth is forecast to be -0.75%.
Analysts have estimated the company’s revenue for the quarter at $1.67 Billion, with a low estimate of $1.57 Billion and a high estimate of $1.81 Billion. According to the average forecast, sales growth in current quarter could jump up +8.4%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2021, the company’s y-o-y revenues would reach $5.14 Billion, representing an increase of 2.3% from the revenues reported in the last year’s results.
We see that BEST’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.
8 analyst(s) have assigned their ratings of the stock’s forecast evaluation on a scale of 1.00-5.00 to indicate a strong buy to a strong sell recommendation. The stock is rated as a Hold by 3 analyst(s), 3 recommend it as a Buy and 1 called the BEST stock Outperform. In the meantime, 1 analyst(s) believe the stock as Underperform and none think it is a Sell. Thus, investors eager to increase their holdings of the company’s stock will have an opportunity to do so as the average rating for the stock is Overweight.
A comparison of BEST Inc. (BEST) with its peers suggests the former has fared considerably weaker in the market. BEST showed an intraday change of -4.21% in last session, and over the past year, it dropped by -68.07%. In comparison, Zto Express Cayman Inc (ZTO) has moved lower at -1.12% on the day and was up +27.71% over the past 12 months. On the other hand, the price of Expeditors Intl (EXPD) has fallen -2.47% on the day. The stock, however, is off 20.26% from where it was a year ago. Additionally, there is a decline of -421% for C.H. Robinson Ww (CHRW) in last trading while the stock has seen an overall depriciation of -68.07% over the past year. The PE ratio stands at 0 for BEST Inc., compared to 28.38 for Zto Express Cayman Inc, and 25.5 for Expeditors Intl. Other than that, the overall performance of the S&P 500 during the last trading session shows that it gained 0.23%. Meanwhile, the Dow Jones Industrial weakened by -0.03%.
Data on historical trading for BEST Inc. (NYSE:BEST) indicates that the trading volumes over the past 10 days have averaged 5.55 Million and over the past 3 months, they’ve averaged 5.01 Million. According to company’s latest data on outstanding shares, there are 385.4 Million shares outstanding.
Nearly 20.61% of BEST Inc.’s shares belong to company insiders and institutional investors own 35.2% of the company’s shares, according to Thomson Reuters’ data. The data on short interest also indicates that stock shorts accounted for 11.91 Million shares as on December 30, 2020, resulting in a short ratio of 1.94. According to the data, the short interest in BEST Inc. (BEST) stood at 3.09% of shares outstanding as of December 30, 2020; the number of short shares registered in November reached 13.28 Million. The stock has risen by +0.49% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the BEST stock heading into the next quarter.
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