In yesterday’s Wall Street session, KE Holdings Inc ADR (NYSE:BEKE) shares traded at $19.40, down -2.90% from the previous session.
BEKE stock price is now -5.19% away from the 50-day moving average and 19.71% away from the 200-day moving average. The market capitalization of the company currently stands at $21.71B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
With the price target enhanced from $24 to $28, BofA Securities Upgraded its rating from Neutral to Buy for KE Holdings Inc ADR (NYSE: BEKE). , while ‘New Street’ rates the stock as ‘Buy’
In other news, MYRIAD TALENT INVESTMENT LIMIT, Officer bought 500,000 shares of the company’s stock on Sep 30 ’24. The stock was bought for $8,175,000 at an average price of $16.35. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 27 ’24, Officer BLOSSOM SOUTH LIMITED bought 500,000 shares of the business’s stock. A total of $8,465,000 was incurred on buying the stock at an average price of $16.93. A total of 0.54% of the company’s stock is owned by insiders.
During the past 12 months, KE Holdings Inc ADR has had a low of $12.44 and a high of $26.05. As of last week, the company has a debt-to-equity ratio of 0.31, a current ratio of 1.61, and a quick ratio of 1.61. According to the stock market information, the enterprise value for the company is $40394993664, which is based on a 39.58 price-to-earnings ratio, a 6.11 price-to-earnings-growth ratio, and a beta of -0.75. The fifty day moving average price for BEKE is $20.4626 and a two-hundred day moving average price translates $16.20565 for the stock.
The latest earnings results from KE Holdings Inc ADR (NYSE: BEKE) was released for 2024-06-30. The net profit margin was 5.04% and return on equity was 5.79% for BEKE. The company reported revenue of $3.22 billion for the quarter, compared to $2.69 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 19.68 percent.
