Alibaba Group Holding Ltd ADR (NYSE:BABA) shares, rose in value, with the stock price down by -0.40% to the previous day’s close as strong demand from buyers drove the stock to $71.66.
Actively observing the price movement in the last trading, the stock closed the session at $71.95. The value of beta (5-year monthly) was 0.47 whereas the PE ratio was 13.05 over 12-month period. Referring to stock’s 52-week performance, its high was $103.24, and the low was $66.63. On the whole, BABA has fluctuated by -2.78% over the past month.
With the market capitalization of Alibaba Group Holding Ltd ADR currently standing at about $171.60 billion, investors are eagerly awaiting this quarter’s results, scheduled for May 16, 2024 – May 20, 2024. The company’s Forward Dividend Ratio is 1.00, with its dividend yield at 1.40%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $1.53, which is expected to increase to $2.27 for fiscal year $8.72 and then to about $8.77 by fiscal year 2025. Data indicates that the EPS growth is expected to be 14.10% in 2025, while the next year’s EPS growth is forecast to be 0.60%.
Analysts have estimated the company’s revenue for the quarter at $30.34 billion, with a low estimate of $29.74 billion and a high estimate of $30.75 billion. According to the average forecast, sales growth in current quarter could jump up 4.10%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $130.09 billion, representing an increase of 7.00% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that BABA’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 1.29, with the price of BABA currently trading nearly -2.16% and -2.67% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 43.15, while the 7-day volatility ratio is showing 1.14% which for the 30-day chart, stands at 1.37%. Furthermore, Alibaba Group Holding Ltd ADR (BABA)’s beta value is 0.46, and its average true range (ATR) is 1.34.
A comparison of Alibaba Group Holding Ltd ADR (BABA) with its peers suggests the former has fared considerably weaker in the market. BABA showed an intraday change of -0.40% in last session, and over the past year, it shrunk by -28.85%%.
Data on historical trading for Alibaba Group Holding Ltd ADR (NYSE:BABA) indicates that the trading volumes over the past 10 days have averaged 12.97 million and over the past 3 months, they’ve averaged 18.71 million. According to company’s latest data on outstanding shares, there are 2.57 billion shares outstanding.
Nearly 0.22% of Alibaba Group Holding Ltd ADR’s shares belong to company insiders and institutional investors own 14.54% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 44.03 million shares as on Mar 15, 2024, resulting in a short ratio of 2.9. According to the data, the short interest in Alibaba Group Holding Ltd ADR (BABA) stood at 1.76% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 43.47 million. The stock has fallen by -7.55% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the BABA stock heading into the next quarter.
