In yesterday’s Wall Street session, BEST Inc. (NYSE:BEST) shares traded at $0.73, up 11.52% from the previous session.
As of this writing, 1 analysts cover BEST Inc. (NYSE:BEST). The consensus rating among analysts is ‘Underweight’. As we calculate the median target price by taking the range between a high of $22.11 and a low of $22.11, we find $22.11. Given the previous closing price of $0.65, this indicates a potential upside of 3301.54 percent. BEST stock price is now 2.90% away from the 50-day moving average and -20.22% away from the 200-day moving average. The market capitalization of the company currently stands at $57.63M.
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Brokers who have rated the stock have averaged $22.11 as their price target over the next twelve months.
With the price target reduced from $4.80 to $3.50, Goldman Downgraded its rating from Buy to Neutral for BEST Inc. (NYSE: BEST)., while ‘Oppenheimer’ rates the stock as ‘Outperform’.
A total of 12.77% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in BEST stock. A new stake in BEST Inc. shares was purchased by SUSQUEHANNA INTERNATIONAL GROUP, LLP during the first quarter worth $28,000. VIRTU FINANCIAL LLC invested $11,000 in shares of BEST during the first quarter. In total, there are 31 active investors with 6.00% ownership of the company’s stock.
Wednesday morning saw BEST Inc. (NYSE: BEST) opened at $0.7210. During the past 12 months, BEST Inc. has had a low of $0.50 and a high of $5.00. As of last week, the company has a debt-to-equity ratio of 2.14, a current ratio of 0.80, and a quick ratio of 0.80. The fifty day moving average price for BEST is $0.7048 and a two-hundred day moving average price translates $0.9090 for the stock.
The latest earnings results from BEST Inc. (NYSE: BEST) was released for Sep, 2022. According to the Trucking Company, earnings per share came in at -$1.28, missing analysts’ expectations of -$0.76 by -0.52. This compares to $0.01 EPS in the same period last year. The net profit margin was -16.30% and return on equity was -88.40% for BEST. The company reported revenue of $285.25 million for the quarter, compared to $1.06 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -73.02 percent. For the current quarter, analysts expect BEST to generate $378.61M in revenue.
BEST Inc.(BEST) Company Profile
BEST Inc. operates as a smart supply chain service provider in the People’s Republic of China. Its proprietary technology platform, BEST Cloud, enables its ecosystem participants to operate their businesses through various SaaS-based applications. The company applies its technologies to a range of applications, such as network and route optimization, swap bodies, sorting line automation, smart warehouses, and store management. In addition, the company offers integrated services and solutions across the supply chain, including warehouse management, order fulfillment, and transportation services to offline and online enterprises. Further, the company provides express delivery services; and door-to-door integrated cross-border supply chain services to and from China, including international express, less-than-truckload, fulfillment, and freight forwarding through its network, and transportation and warehouse partners. Additionally, the company operates real-time bidding platform to source truckload capacity from independent transportation service providers and agents; and offers online merchandise sourcing and store management services for convenience stores, as well as B2C services. Furthermore, it provides various value-added services, including customized financial services, including fleet and equipment leases; and centralized sourcing of products and services, such as bulk procurement of trucks and accessories. The company was founded in 2007 and is headquartered in Hangzhou, the People’s Republic of China.
