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Alibaba Group Holding Limited (NYSE: BABA) Has Been Trading Down. What Are The Prospects For The Future?

Alibaba Group Holding Limited (NYSE:BABA) traded at $77.78 at last check on Wednesday, November 23, made an upward move of 2.35% on its previous day’s price.

Looking at the stock we see that its previous close was $75.99 and the beta (5Y monthly) reads 0.61 with the day’s price range being $74.58 – $76.80. The company has a trailing 12-month PE ratio of 110.77. In terms of its 52-week price range, BABA has a high of $138.70 and a low of $58.01. The company’s stock has gained about 20.33% over that past 30 days.

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Alibaba Group Holding Limited has a market cap of $210.64 billion and is expected to release its quarterly earnings report on Feb 22, 2023 – Feb 27, 2023. Estimates by analysts give the company expected earnings per share (EPS) of $1.62, with the EPS growth for the year raised at $7.23 for 2023 and $8.43 for next year. These figures represent -7.30% and 16.60% 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 $29.06 billion, with a low of $28.29 billion and a high of $30.13 billion. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2023 is expected to hit $124.78 billion, or -1.20% down from figures reported last year.

There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the BABA stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 50% 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, 6 have rated the Alibaba Group Holding Limited (BABA) stock as a Hold, while 43 rate it as a Buy. 7 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 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.

Looking further, we note that the PEG ratio for the BABA stock currently stands at 42.75, and the most recent price level today is 9.78% off its SMA20 and 2.87% from its 50-day simple moving average. The RSI (14) is pointing at 55.15 while the volatility over the past week is 5.34% and jumps to 4.93% over the past one month. The beta value is 0.53, while the average true range (ATR) is currently pointing at 4.71. The average price target for the stock over the next 12 months is $933.11, with the estimates having a low of $503.95 and a high of $1553.85. These price ends are -547.92% and -1897.75% off the today’s price level respectively, although investors could be excited at the prospect of a -1118.81% if the BABA share price touches on the median price of $947.99.

Let’s briefly compare Alibaba Group Holding Limited (BABA) stock to its peers. We find that today’s price change of 2.35% and -44.38% over the past 12 months for BABA competes that of Overstock.com Inc. (OSTK), which has seen its stock price rise 1.85% in the latest trading session and is -76.55% over the last one year. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at 0.51% and 0.24%, respectively, in early deals.

Coming back to Alibaba Group Holding Limited (NYSE:BABA), we note that the average 3-month trading volume was 24.06 million, while that of the preceding 10-day period stands at 33.08 million. Current shares outstanding are 2.65 billion.

The insiders hold 0.01% of the company’s shares while institutions hold 15.20%. The data shows that short shares as of Oct 13, 2022, stood at 58.58 million at a short ratio of 3.62. This represents a 2.21% short interest in shares outstanding on Oct 13, 2022. Shares short rose in October from the previous month at 55.07 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -36.03% down in year-to-date price movement.

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