Alibaba Group Holding Limited (NYSE:BABA) saw an upside of 3.54% to close Friday at $161.52 after adding $5.52 on the day. The 5-day average trading volume is 26,721,461 shares of the company’s common stock. It has gained $162.78 in the past week. An average of 24,320,994 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 26,281,869.
BABA’s 1-month performance is -3.47% or -$9.19 on its low of $138.43 reached on 10/04/21. The company’s shares have touched a 52-week low of $138.43 and high of $319.32, with the stock’s rally to the 52-week high happening on 02/16/21. YTD, BABA has lost -30.60% or -$71.21. However, the current price is down -49.42%% from the 52-week high price.
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The company’s PE ratio for the last five years has touched a high of 62.67 and a low of 17.24. BABA stock has a beta of 0.84. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.55 while the price-to-book (PB) in the most recent quarter is 2.90, with the price to cash flow ratio at 15.48.
Alibaba Group Holding Limited’s quick ratio for the period ended June 29 was 1.80, with the current ratio over the same period at 1.80 meaning that BABA stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.14, while the total debt to equity was 0.15. In terms of profitability, the gross margin trailing 12 months is 40.10%. The trailing 12-month EBITDA margin is 19.30% while for the period ending June 29; Alibaba Group Holding Limited’s operating margin was 11.20%. The firm’s gross profit as reported stood at $45.19 billion against revenue of $109.48 billion.
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected BABA to announce $2.24 per share in earnings in its latest quarter, but it posted $2.57, representing a 14.70% surprise. EBITDA for the quarter stood at more than $4.78 billion. BABA stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 93.7 billion, with total debt at $181.24 billion
Let’s look briefly at Alibaba Group Holding Limited (BABA) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 08 October was 63.18% to suggest the stock is trending Neutral, with historical volatility in this time period at 53.98%.
The stock’s 5-day moving average is $148.88, reflecting a +12.01% or $17.32 change from its current price. BABA is currently trading -3.91% above its 20-day SMA, -24.42% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -18.23% and -36.86% respectively.
Stochastic %K and %D was 69.71% and 44.18% and the average true range (ATR) pointed at 6.21. The RSI (14) points at 54.70%, while the 14-day stochastic is at 94.83% with the period’s ATR at 6.06. The stock’s 9-day MACD Oscillator is pointing at 5.36 and 4.94 on the 14-day charts.
In the most recent analyst report for Alibaba Group Holding Limited (NYSE: BABA), Raymond James downgraded it to an Outperform rating. They previously had a Strong buy rating on the stock. Analysts offering their rating for BABA stock have a consensus rating for the stock as Buy. Currently, 1 brokerage advisors rate BABA as a “sell,”, while 5 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 7 rates the stock as overweight while 41 have offered a “buy” rating.
What is BABA’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $229.00 and a high of $2171.15, with their median price target at $1603.16. Looking at these predictions, the average price target given by analysts is for Alibaba Group Holding Limited (BABA) stock is $1546.09.