Alibaba Group Holding Ltd ADR (NYSE:BABA) shares, rose in value, with the stock price down by -2.25% to the previous day’s close as strong demand from buyers drove the stock to $79.62.
Actively observing the price movement in the last trading, the stock closed the session at $81.45, falling within a range of $79.205 and $81.2799. The value of beta (5-year monthly) was 0.318 whereas the PE ratio was 20.81 over 12-month period. Referring to stock’s 52-week performance, its high was $95.86, and the low was $66.07. On the whole, BABA has fluctuated by 2.08% over the past month.
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With the market capitalization of Alibaba Group Holding Ltd ADR currently standing at about $189.18 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Nov-14. The company’s Forward Dividend Ratio is 2.00, with its dividend yield at 2.51%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 141.26B, with a low estimate of 32.42B and a high estimate of 34.48B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 33.54B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that BABA’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 2.33, with the price of BABA currently trading nearly -1.19% and 2.67% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 48.48, while the 7-day volatility ratio is showing 2.16% which for the 30-day chart, stands at 2.41%. Furthermore, Alibaba Group Holding Ltd ADR (BABA)’s beta value is 0.33, and its average true range (ATR) is 2.41.
A comparison of Alibaba Group Holding Ltd ADR (BABA) with its peers suggests the former has fared considerably weaker in the market. BABA showed an intraday change of -2.25% in last session, and over the past year, it shrunk by -12.95%%.
Data on historical trading for Alibaba Group Holding Ltd ADR (NYSE:BABA) indicates that the trading volumes over the past 10 days have averaged 18.76 and over the past 3 months, they’ve averaged 13.31 million. According to company’s latest data on outstanding shares, there are 2.43 billion shares outstanding.
Nearly 0.13% of Alibaba Group Holding Ltd ADR’s shares belong to company insiders and institutional investors own 15.45% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 56.2 million shares as on 2024-08-15, resulting in a short ratio of 4.7. According to the data, the short interest in Alibaba Group Holding Ltd ADR (BABA) stood at 283.00 of shares outstanding as of 2024-08-15; the number of short shares registered in 2024-07-15 reached 54.81 million. The stock has risen by 3.60% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the BABA stock heading into the next quarter.
