7-May-2024
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BEST Inc. Announces Unaudited Fourth Quarter and Fiscal Year 2023 Financial Results
PRNewswire (Wed, 27-Mar 6:00 PM ET)
BEST Inc is a supply chain company. It provides a New Retail platform that offers technology-enabled integrated solutions such as supply chain management, express delivery, freight, merchandise sourcing, cross-border supply chain, last-mile, financial and value-added services. The Group operates in the following operating segments, Supply chain management services, Freight, Global and Others. The Others category principally relates to cross-border logistic coordination services. The majority of revenue generated from Freight segment.
Best American Depositary Shares Each Representing Twenty (20) Class A trades on the NYSE stock market under the symbol BEST.
As of May 7, 2024, BEST stock price climbed to $2.12 with 6,286 million shares trading.
BEST has a market cap of $42.15 million. This is considered a Sub-Micro Cap stock.
In the last 3 years, BEST stock traded as high as $49.40 and as low as $1.68.
The top ETF exchange traded funds that BEST belongs to (by Net Assets): SPEM.
BEST has underperformed the market in the last year with a price return of -28.6% while the SPY ETF gained +27.0%. BEST has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -6.0% and +1.4%, respectively, while the SPY returned +4.1% and +2.3%, respectively.
BEST support price is $2.03 and resistance is $2.13 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BEST stock will trade within this expected range on the day.