Alibaba Group Holding Ltd ADR (NYSE:BABA) shares, rose in value, with the stock price down by -0.27% to the previous day’s close as strong demand from buyers drove the stock to $118.01.
Actively observing the price movement in the recent trading, the stock is buoying the session at $118.33, falling within a range of $114.76 and $118.83. The value of beta (5-year monthly) is 0.349 whereas the PE ratio is 24.23 over 12-month period. Referring to stock’s 52-week performance, its high was $119.81, and the low was $67.78. On the whole, BABA has fluctuated by 44.48% over the past month.
With the market capitalization of Alibaba Group Holding Ltd ADR currently standing at about $282.57 billion, investors are eagerly awaiting this quarter’s results, scheduled for in March. The company’s Forward Dividend Ratio is 1.00, with its dividend yield at 0.85%.
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 270.92B and a high estimate of 286.68B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 278.72B.
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 100% Buy 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 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 3.58, with the price of BABA currently trading nearly 20.21% and 30.46% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 80.55, while the 7-day volatility ratio is showing 3.84% which for the 30-day chart, stands at 3.51%. Furthermore, Alibaba Group Holding Ltd ADR (BABA)’s beta value is 0.32, and its average true range (ATR) is 4.12.
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 -0.27% in today’s session so far, and over the past year, it grew by 62.73%%.
Data on historical trading for Alibaba Group Holding Ltd ADR (NYSE:BABA) indicates that the trading volumes over the past 10 days have averaged 35.23 and over the past 3 months, they’ve averaged 18.89 million. According to company’s latest data on outstanding shares, there are 2.39 billion shares outstanding.
Nearly 0.21% of Alibaba Group Holding Ltd ADR’s shares belong to company insiders and institutional investors own 15.08% 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 39.19% 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.
