160 institutions hold shares in BEST Inc. (BEST), with 79.45M shares held by insiders accounting for 20.61% while institutional investors hold 44.34% of the company’s shares. The shares outstanding are 246.62M, and float is at 51.47M with Short Float at 23.08%. Institutions hold 35.20% of the Float.
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The top institutional shareholder in the company is Goldman Sachs Group, Inc. with over 12.22 million shares valued at $24.94 million. The investor’s holdings represent 4.88% of the BEST Shares outstanding. As of Dec 30, 2020, the second largest holder is Alibaba Group Holding Ltd with 10.0 million shares valued at $20.4 million to account for 3.99% of the shares outstanding. The other top investors are Wells Fargo & Company which holds 9.61 million shares representing 3.83% and valued at over $19.6 million, while Morgan Stanley holds 3.42% of the shares totaling 8.58 million with a market value of $17.51 million.
BEST Inc. (NYSE: BEST) is 20.10% higher on its value in year-to-date trading and has touched a low of $1.91 and a high of $5.83 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The BEST stock was last observed hovering at around $2.55 in the last trading session, with the day’s loss setting it -0.1% off its average median price target of $19.89 for the next 12 months. It is also 92.33% off the consensus price target high of $31.94 offered by 7 analysts, but current levels are 74.79% higher than the price target low of $9.72 for the same period.
Currently trading at $2.45, the stock is -2.97% and 5.90% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.38 million and changing -3.92% at the moment leaves the stock -30.37% off its SMA200. BEST registered -54.03% loss for a year compared to 6-month loss of -41.25%. The firm has a 50-day simple moving average (SMA 50) of $2.3567 and a 200-day simple moving average (SMA200) of $2.9085.
The stock witnessed a 7.93% gain in the last 1 month and extending the period to 3 months gives it a -18.60%, and is -11.87% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.63% over the week and 7.09% over the month.
BEST Inc. (BEST) has around 8423 employees, a market worth around $940.60M and $5.14B in sales. Profit margin for the company is -4.00%. Distance from 52-week low is 28.27% and -57.98% from its 52-week high. The company has generated returns on investments over the last 12 months (-4.40%).
BEST Inc. (BEST) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for BEST Inc. (BEST) is a “Overweight”. 7 analysts offering their recommendations for the stock have an average rating of 2.60, where 3 rate it as a Hold and 1 think it is a “Overweight”. 2 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
BEST Inc. is expected to release its quarterly report on 05/13/2021 and quarterly earnings per share for the current quarter are estimated at -$0.09 with sales reaching $1.7B over the same period.The EPS is expected to grow by 60.60% this year, but quarterly earnings will post 2.20% year-over-year. Quarterly sales are estimated to grow 10.50% in year-over-year returns.
BEST Inc. (BEST): Who are the competitors?
The company’s main competitors (and peers) include Radiant Logistics Inc. (RLGT) that is trading 46.72% up over the past 12 months. Short interest in the company’s stock has fallen -0.25% from the last report on Dec 30, 2020 to stand at a total of 11.91 million short shares sold with a short interest ratio of 2.15.