Alibaba Group Holding Limited (NYSE:BABA) traded at $230.71 at close of the session on Tuesday, May 04, made a downturn move of -0.1% on its previous day’s price.
Looking at the stock we see that its previous close was $230.95 and the beta (5Y monthly) reads 0.8 with the day’s price range being $230.41 – 236.17. The company has a trailing 12-month PE ratio of 25.8. In terms of its 52-week price range, BABA has a high of $319.32 and a low of $189.53. The company’s stock has gained about 2.83% over that past 30 days.
Alibaba Group Holding Limited has a market cap of $632.95 Billion and is expected to release its quarterly earnings report on May 13, 2021. With its Forward Dividend at 0 and a yield of 0%, the company’s investors could be worried for the BABA stock to lose ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $1.79, with the EPS growth for the year raised at $10.14 for 2021 and $11.08 for next year. These figures represent 0.24% and 0.09% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $27.52 Billion, with a low of $17.98 Billion and a high of $28.73 Billion. The median projection represents growth adding up to 68.6% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2021 is expected to hit $109.54 Billion, or +39.4% up from figures reported last year.
On the other hand, looking at the outlook for the BABA stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of 100% Sell. Long term indicators on average place the stock in the category of 100% Sell.
Based on estimates by 56 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 1 have rated the Alibaba Group Holding Limited (BABA) stock as a Hold, while 49 rate it as a Buy. 6 analyst(s) rate it as outperform while none of them rated it as underperform, whereas none suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Let’s briefly compare Alibaba Group Holding Limited (BABA) stock to its peers. We find that current price change of -0.1% and +18.63% over the past 12 months for BABA competes that of Amazon.com Inc (AMZN), which has seen its stock price fall -2.33% in the last trading session and was +48.14% over the last one year. Another of its peers Pinduoduo Inc ADR (PDD) has dropped -0.37% previous session, and was +193.7% up over the past year, while Jd.com Inc Ads (JD) was also down -0.1% in the last session, while its price remained in the green at 18.63% over the same period. Alibaba Group Holding Limited has a P/E ratio of 25.8 compared to Amazon.com Inc’s 64.45 and Pinduoduo Inc ADR’s 0. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial were at 0.27% and 0.7%, respectively, at close of the trading.
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Coming back to Alibaba Group Holding Limited (NYSE:BABA), we note that the average 3-month trading volume was 18.89 Million, while that of the preceding 10-day period stands at 18.3 Million. Current shares outstanding are 2.71 Billion.
According to data from Thomson Reuters, insiders hold 10.2% of the company’s shares while institutions hold 39.88%. The data shows that short shares as of April 14, 2021, stood at 46.84 Million at a short ratio of 2.52. This represents a 1.73% short interest in shares outstanding on April 14, 2021. Shares short rose in April from the previous month at 44.07 Million. Investors should be worried about this stock as its upside potential is weak, with current price pushing the stock -0.87% down in year-to-date price movement.