Alibaba Group Holding Ltd ADR (NYSE:BABA) shares, rose in value, with the stock price down by -1.87% to the previous day’s close as strong demand from buyers drove the stock to $87.56.
Actively observing the price movement in the recent trading, the stock is buoying the session at $89.23, falling within a range of $87.4 and $88.39. The value of beta (5-year monthly) is 0.349 whereas the PE ratio is 17.98 over 12-month period. Referring to stock’s 52-week performance, its high was $117.82, and the low was $66.07. On the whole, BABA has fluctuated by -4.83% over the past month.
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With the market capitalization of Alibaba Group Holding Ltd ADR currently standing at about $209.65 billion, investors are eagerly awaiting this quarter’s results, scheduled for in January. The company’s Forward Dividend Ratio is 1.99, with its dividend yield at 2.27%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 1T, with a low estimate of 270.38B and a high estimate of 286.68B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 278.39B.
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 Hold on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 1.16, with the price of BABA currently trading nearly 0.65% and -8.19% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 45.35, while the 7-day volatility ratio is showing 1.53% which for the 30-day chart, stands at 1.74%. Furthermore, Alibaba Group Holding Ltd ADR (BABA)’s beta value is 0.29, and its average true range (ATR) is 2.55.
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 -1.87% in today’s session so far, and over the past year, it grew by 23.58%%.
Data on historical trading for Alibaba Group Holding Ltd ADR (NYSE:BABA) indicates that the trading volumes over the past 10 days have averaged 14.25 and over the past 3 months, they’ve averaged 20.41 million. According to company’s latest data on outstanding shares, there are 2.39 billion shares outstanding.
Nearly 0.16% of Alibaba Group Holding Ltd ADR’s shares belong to company insiders and institutional investors own 15.50% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 62.56 million shares as on 2024-10-31, resulting in a short ratio of 2.58. According to the data, the short interest in Alibaba Group Holding Ltd ADR (BABA) stood at 312.00 of shares outstanding as of 2024-10-31; the number of short shares registered in 2024-09-30 reached 67.99 million. The stock has risen by 13.93% 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.
