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Alibaba Group Holding Limited (NYSE: BABA): Down -49.59% In 2022, Outlook Remains Negative

The trading price of Alibaba Group Holding Limited (NYSE:BABA) floating lower at last check on Wednesday, June 22, closing at $105.53, -0.81% lower than its previous close.

Traders who pay close attention to intraday price movement should know that it has been fluctuating between $103.87 and $107.062. The company’s P/E ratio in the trailing 12-month period was 31.14, while its 5Y monthly beta was 0.89. In examining the 52-week price action we see that the stock hit a 52-week high of $230.89 and a 52-week low of $73.28. Over the past month, the stock has gained 21.33% in value.

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Alibaba Group Holding Limited, whose market valuation is $285.03 billion at the time of this writing, is expected to release its quarterly earnings report Jan 31, 2022 – Feb 04, 2022. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by $1.1 per share this quarter, however they have predicted annual earnings per share of $7.63 for 2022 and $7.9 for 2023. It means analysts are expecting annual earnings per share growth of -24.20% this year and 3.50% next year.

Analysts have forecast the company to bring in revenue of $29.64 billion for the current quarter, with the likely lows of $28.4 billion and highs of $31.08 billion. The average estimate suggests sales will likely up by 2.40% 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 2022 is $126.3 billion. The company’s revenue is forecast to grow by 14.00% over what it did in 2022.

A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Alibaba Group Holding Limited No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest BABA has a Hold 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 55. Out of them, 7 rate it a Hold, while 40 recommend Buy, whereas 7 assign an Overweight rating. 1 analyst(s) have tagged Alibaba Group Holding Limited (BABA) as Underweight, while 0 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.

If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 25.20, which symbolizes a positive outlook. A quick review shows that BABA’s price is currently 6.35% off the SMA20 and 11.57% off the SMA50. The RSI metric on the 14-day chart is currently showing 54.86, and weekly volatility stands at 5.60%. When measured over the past 30 days, the indicator reaches 5.73%. Alibaba Group Holding Limited (NYSE:BABA)’s beta value is currently sitting at 0.77, while the Average True Range indicator is currently displaying 7.10. With analysts defining $707.57-$1537.81 as the low and high price targets, we arrive at a consensus price target of $1009.25 for the trailing 12-month period. The current price is about -570.49% off the estimated low and -1357.23% off the forecast high, based on this estimate. Investors will be thrilled if BABA’s share price rises to $1004.19, which is the median consensus price. At that level, BABA’s share price would be -851.57% below current price.

To see how Alibaba Group Holding Limited stock has been performing today in comparison to its peers in the industry, here are the numbers: BABA stock’s performance was -0.81% at last check in today’s session, and -49.59% in the past year, while Overstock.com Inc. (OSTK) has been trading 1.48% in recent session and positioned -64.97% lower than it was a year ago. Furthermore, eBay Inc. (EBAY) showed an increase of 2.60% today while its price kept declining at -34.33% over the past year. Alibaba Group Holding Limited has a P/E ratio of 31.14. Also during today’s trading, the S&P 500 Index has surged 0.18%, while the Dow Jones Industrial also saw a negative session, down -0.05% today.

An evaluation of the daily trading volume of Alibaba Group Holding Limited (NYSE:BABA) indicates that the 3-month average is 31.41 million.

Currently, records show that 2.68 billion of the company’s shares remain outstanding. The insiders hold 0.01% of outstanding shares, whereas institutions hold 16.80%. However, since the stock’s price has seen -10.44% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.

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