Analysts have forecast the company to bring in revenue of $33.05 Billion for the quarter, with the likely lows of $31.06 Billion and highs of $34.98 Billion. The average estimate suggests sales will likely up by 62.8% this quarter compared to what was recorded in the comparable quarter last year. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2021 is $107.87 Billion. The company’s revenue is forecast to grow by +48.3% over what it did in 2020.
On the technical side, indicators suggest BABA has a 100% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Sell, while an average of long term indicators suggests that the stock is currently 50% Sell.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned BABA a recommendation rating is 53. Out of them, 1 rate it a Hold, while 49 recommend Buy, whereas 3 assign an Outperform rating. None analyst(s) have tagged Alibaba Group Holding Limited (BABA) as Underperform, while not any of them advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
An evaluation of the daily trading volume of Alibaba Group Holding Limited (NYSE:BABA) indicates that the 3-month average is 24.5 Million. However, this figure has increased over the past 10 days to an average of 32.02 Million.
Even if you’re not actively in crypto, you deserve to know what’s actually going on..
Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets are already producing.
Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free.