Alibaba Group Holding Ltd ADR (NYSE:BABA) price closed lower on Friday, April 12, dropping -4.76% below its previous close.
A look at the daily price movement shows that the last close reads $74.85. The company’s 5Y monthly beta was ticking 0.46 while its P/E ratio in the trailing 12-month period read 12.98. Taking into account the 52-week price action we note that the stock hit a 52-week high of $102.50 and 52-week low of $66.63. The stock subtracted -6.68% on its value in the past month.
Alibaba Group Holding Ltd ADR, which has a market valuation of $170.71 billion, is expected to release its quarterly earnings report May 16, 2024 – May 20, 2024. The company stock has a Forward Dividend ratio of 1.00, while the dividend yield is 1.40%. It is understandable that investor optimism is growing ahead of the company’s current quarter results.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give BABA a short term outlook of 100% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Sell, while an average of long term indicators are currently assigning the stock as 100% Sell.
If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 1.28. The overview shows that BABA’s price is at present -2.16% off the SMA20 and -3.09% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 43.07, with weekly volatility standing at 1.64%. The indicator jumps to 1.36% when calculated based on the past 30 days. Alibaba Group Holding Ltd ADR (NYSE:BABA)’s beta value is holding at 0.45, while the average true range (ATR) indicator is currently reading 1.52. An analysis of the Alibaba Group Holding Ltd ADR (NYSE:BABA) stock in terms of its daily trading volume indicates that the 3-month average is 18.22 million.
Current records show that the company has 2.57B in outstanding shares. The insiders’ percentage holdings are 0.22% of outstanding shares while the percentage share held by institutions stands at 14.55%. But the -8.02% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
