True opinion can leave the lasting mark: BEST Inc. (NYSE: BEST)

On 22 Jan 2020, BEST Inc. (NYSE: BEST) stock observed trading -10.06% off 52-week high price. On the other end, the stock has been noted 53.87% away from low price over the last 52-weeks. The stock disclosed a move of 6.41% away from 50 day moving average and 16.71% away from 200 day moving average. Moving closer, we can see that shares have been trading 3.19% off 20-day moving average. The China based company BEST Inc. moved with change of -4.04% to $6.17 with the total traded volume of 2114737 shares in recent session versus to an average volume of 1944.54K.

BEST Inc. (BEST) recently reported its unaudited financial results for the quarter ended September 30, 2019.

For the Quarter Ended September 30, 2019:

Revenue was RMB8,745.3M (US$1,223.5M), a raise of 21.6% year-over-year (“YoY”). Revenue ex-Store+ was RMB7,883.3M (US$1,102.9M), a raise of 25.1% YoY.
– Express Service Revenue increased 19.4% YoY to RMB5,202.2M (US$727.8M).
– Freight Service Revenue increased 25.8% YoY to RMB1,375.4M (US$192.4M).
– Supply Chain Management Service Revenue reduced 8.3% YoY to RMB450.9M (US$63.1M).
– Store+ Service Revenue reduced 2.7% YoY to RMB862.0M (US$120.6M).
– Others [1] Service Revenue increased 136.6% YoY to RMB854.9M (US$119.6M).

Gross Profit was RMB507.1M (US$70.9M), a raise of 30.0% YoY; and Gross Profit Margin was 5.8%, a raise of 0.4 percentage points YoY. Gross Profit ex-Store+ was RMB416.2M (US$58.2M), a raise of 30.6% YoY; and Gross Profit Margin ex-Store+ was 5.3%, a raise of 0.2 percentage points YoY.

Net Loss was RMB6.7M (US$0.9M), an improvement of 86.9% YoY; and Non-GAAP Net Income [2] [3] was RMB16.7M (US$2.3M), contrast to Non-GAAP Net Loss of RMB101.4M in the same period of 2018. Net Income ex-Store+ was RMB93.2M (US$13.0M); and Non-GAAP Net Income ex-Store[2] [3] was RMB113.5M (US$15.9M).

Diluted EPS [4] was negative RMB0.01 (US$0.001), contrast to negative RMB0.13 in the same period of 2018; and Non-GAAP diluted EPS [3] [5] was RMB0.05 (US$0.007), contrast to negative RMB0.26 in the same period of 2018.

EBITDA [3] [6] was RMB93.4M (US$13.1M), contrast to RMB54.7M in the same period of 2018; and Adjusted EBITDA [3] [6] was RMB114.3M (US$16.0M), contrast to RMB1.3M in the same period of 2018. EBITDA [3] [6] ex-Store+ was RMB190.1M (US$26.6M); and Adjusted EBITDA [3] [6] ex-Store+ was RMB209.5M (US$29.3M).

Net Cash Generated from Operating Activities was RMB237.3M (US$33.2M), contrast to RMB86.3M in the same period of 2018.

Cost of Revenue was RMB8,238.2M (US$1,152.6M) or 94.2% of revenue in the quarter ended September 30, 2019, contrast to RMB6,799.4M or 94.6% of revenue in the same quarter of 2018. The decrease of 0.4 percentage point in cost of revenue as a percentage of revenue was primarily attributable to increased operating efficiency.

Gross Profit was RMB507.1M (US$70.9M), a YoY increase of 30.0% contrast to RMB389.9M in the same quarter of 2018. Gross Profit Margin was 5.8%, contrast to 5.4% in the same quarter of 2018. Gross Profit ex-Store+ was RMB416.2M (US$58.2M), a raise of 30.6% YoY; and Gross Profit Margin ex-Store+ was 5.3%, a raise of 0.2 percentage points YoY.

BEST’s shares are at 14.68% for the quarter and driving a 23.40% return over the course of the past year and is now at 10.97% since this point in 2018. The average volatility for the week and month was at 3.80% and 3.94% respectively. There are 394.36M shares outstanding and 187.49M shares are floated in market.

Gregory Amaral

Gregory Amaral–  Business Stories I am Gregory Amaral with more than 10 years of experience in the Stock market industry, I am energetic about Finance and Business news, started my career as an author then, later climbing my way up towards success into senior positions. I can consider myself as the backbone behind the success and growth of Observednews.com with a dream to expand the reach out of the industry on a global scale. I am also a contributor and an editor of the Business News category. I experienced a critical analysis of companies and extracted the most noteworthy information for our vibrant investor network.

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