100 institutions hold shares in BEST Inc. (BEST), with 77.23M shares held by insiders accounting for 20.03% while institutional investors hold 40.79% of the company’s shares. The shares outstanding are 246.62M, and float is at 58.58M with Short Float at 24.55%. Institutions hold 32.62% of the Float.
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 5.02% 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 4.11% of the shares outstanding. The other top investors are Wells Fargo & Company which holds 9.61 million shares representing 3.94% and valued at over $19.6 million, while Morgan Stanley holds 3.52% of the shares totaling 8.58 million with a market value of $17.51 million.
BEST Inc. (NYSE: BEST) is -12.25% lower on its value in year-to-date trading and has touched a low of $1.69 and a high of $5.83 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The BEST stock was last observed hovering at around $1.92 in the last trading session, with the day’s loss setting it -0.13% off its average median price target of $16.72 for the next 12 months. It is also 94.33% off the consensus price target high of $31.55 offered by 6 analysts, but current levels are 81.62% higher than the price target low of $9.74 for the same period.
Currently trading at $1.79, the stock is -15.94% and -22.90% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.56 million and changing -6.77% at the moment leaves the stock -42.28% off its SMA200. BEST registered -64.97% loss for a year compared to 6-month loss of -40.33%. The firm has a 50-day simple moving average (SMA 50) of $2.2448 and a 200-day simple moving average (SMA200) of $2.5127.
The stock witnessed a -17.13% gain in the last 1 month and extending the period to 3 months gives it a -12.25%, and is -2.19% 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 7.62% over the week and 7.57% over the month.
BEST Inc. (BEST) has around 8423 employees, a market worth around $687.93M and $4.86B in sales. Fwd P/E is 1.42. Profit margin for the company is -6.40%. Distance from 52-week low is 5.92% and -69.30% from its 52-week high. The company has generated returns on investments over the last 12 months (-23.60%).
BEST Inc. (BEST) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for BEST Inc. (BEST) is a “Overweight”. 6 analysts offering their recommendations for the stock have an average rating of 2.80, where 2 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 08/11/2021 and quarterly earnings per share for the current quarter are estimated at -$0.13 with sales reaching $987.5M over the same period.The EPS is expected to grow by 83.60% this year, but quarterly earnings will post 9.00% year-over-year. Quarterly sales are estimated to grow 26.60% 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 96.51% up over the past 12 months. Short interest in the company’s stock has risen 15.16% from the last report on Feb 11, 2021 to stand at a total of 12.2 million short shares sold with a short interest ratio of 4.84.