BEST Inc. (NYSE:BEST) shares, dropped in value on Wednesday, Apr 07, with the stock price down by -4.49% to the previous day’s close as weak demand from buyers trailed the stock to $1.7.
Actively observing the price movement in the last trading, the stock closed the session at $1.78, falling within a range of $1.7000 and $1.8000. The value of beta (5-year monthly) was 0.65 whereas the PE ratio was 0 over 12-month period. Referring to stock’s 52-week performance, its high was $5.83, and the low was $1.69. On the whole, BEST has fluctuated by -20.56% over the past month.
With the market capitalization of BEST Inc. currently standing at about $653.34 Million, investors are eagerly awaiting this quarter’s results, scheduled for May 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 increase to -$0.61 for fiscal year 2021 and then to about $0.19 by fiscal year 2022. Data indicates that the EPS growth is expected to be -0.84% in 2021, while the next year’s EPS growth is forecast to be -2.9%.
Analysts have estimated the company’s revenue for the quarter at $991.73 Million, with a low estimate of $991.73 Million and a high estimate of $991.73 Million. According to the average forecast, sales growth in current quarter could jump up +27.1%, 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 $5Billion, representing an increase of 9% 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.
6 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 2 analyst(s), 2 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 -4.49% in last session, and over the past year, it dropped by -67.56%. In comparison, Zto Express Cayman Inc (ZTO) has moved lower at -3.03% on the day and was up +4.52% over the past 12 months. On the other hand, the price of Expeditors Intl (EXPD) has fallen -2.12% on the day. The stock, however, is off 55.48% from where it was a year ago. Additionally, there is a decline of -449% for Xpo Logistics Inc (XPO) in last trading while the stock has seen an overall depriciation of -67.56% over the past year. The PE ratio stands at 0 for BEST Inc., compared to 34.5 for Zto Express Cayman Inc, and 26.41 for Expeditors Intl. Other than that, the overall performance of the S&P 500 during the last trading session shows that it gained 0.15%. Meanwhile, the Dow Jones Industrial improved by 0.05%.
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Data on historical trading for BEST Inc. (NYSE:BEST) indicates that the trading volumes over the past 10 days have averaged 2.9 Million and over the past 3 months, they’ve averaged 3.89 Million. According to company’s latest data on outstanding shares, there are 387.7 Million shares outstanding.
Nearly 20.03% of BEST Inc.’s shares belong to company insiders and institutional investors own 32.62% of the company’s shares, according to Thomson Reuters’ data. The data on short interest also indicates that stock shorts accounted for 14.38 Million shares as on March 14, 2021, resulting in a short ratio of 4.84. According to the data, the short interest in BEST Inc. (BEST) stood at 3.71% of shares outstanding as of March 14, 2021; the number of short shares registered in February reached 12.2 Million. The stock has fallen by -16.67% since the beginning of the year, thereby showing the risk of a further decline. This could cause investors’ confidence to be optimistic about the BEST stock heading into the next quarter.