BEST Inc. (BEST) – Is The Recent Reaction Justified?

The stock of BEST Inc. (NYSE:BEST) has been Downgraded to Mkt Perform from Outperform by Bernstein in its latest research note that was published on April 23. BEST was given a price target of $6 by Bernstein, with other Wall Street analysts also giving their reports regarding the stock.

BEST’s stock is covered by 10 analysts, with 3 of them rating the stock as Buy. It has been deemed to have strong buy by 6 of the analysts, 1 of them have rated it as a Hold while none of them rated it as sell. The situation was different a month ago when the stock was rated as a Buy by only 4 analysts. 6 of them rated it as strong buy with 1 of them recommended investors to Hold on to the stock. Meanwhile, none analyst(s) rated it as a sell. The above data shows that BEST has an average analyst rating of 1.80.

BEST Inc., which has current market capitalization of above $2 Billion, published its last quarter earnings on March 31, 2019. The company was able to amass $6874.57 million in revenue. This figure is $355.03 million more than what analysts had expected which was $6519.54 million. During the first quarter of the year, BEST also recorded $-0.53 earnings per share (EPS) which is $0.03 above the $-0.56 estimated by Thomson Reuter’s analyst, leading to a surprise factor of -4.68%.

BEST declined by $0.00 during the normal trading session on Tuesday and reaching a high of $4.91 during the day while it closed the day at $4.50. The BEST stock had a low trading volume of 2.61 million shares on that day, which is low compared to the average daily volume of 823.28M shares. BEST has also lost 6.25% of its value over the past 7 days. However, the stock has declined by 9.27% in the 3 months of the year. Over the past six months meanwhile, it has lost 17.28% while it has added 9.49% year-on date. Let us now take a look at the stock’s potential support and resistance levels. The publicly traded company was seen to have slipped by -23.21% from its 3 months high price. However, taking another look at BEST will indicate that it is trading +12.22% away from its 90-day low. Looking at the bigger picture, the BEST Inc. stock has dropped by -48.86% from its 52-week high while it has surged by +19.36% from its 52-week low price.

Looking at the stock’s Technical analysis information over the past 50 days shows that its Raw Stochastic average stood at 18.29%. This figure is better than the company’s 20-day Raw Stochastic average which currently stands at 0%. Over the past 20 days, BEST’s Stochastic %K stood at 48.11% while its Stochastic %D was revealed to be 46.61%.