Alibaba Group Holding Limited (BABA): Keep paying attention to its insider activity

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Alibaba Group Holding Limited (NYSE:BABA) saw a downside of -0.28% to close Monday at $119.53 after subtracting -$0.33 on the day. The 5-day average trading volume is 16,543,221 shares of the company’s common stock. It has gained $120.30 in the past week and touched a new high 3 times within the past 5 days. An average of 22,679,490 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 25,177,188.

BABA’s 1-month performance is 39.12% or $33.88 on its low of $86.21 reached on 12/27/22. The company’s shares have touched a 52-week low of $58.01 and high of $129.40, with the stock’s rally to the 52-week high happening on 01/23/23. YTD, BABA has achieved 35.69% or $31.44 and has reached a new high 9 times. However, the current price is down -7.63% from the 52-week high price.

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Valuation Metrics

BABA stock has a beta of 0.57. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.43 while the price-to-book (PB) in the most recent quarter is 2.26.

Alibaba Group Holding Limited’s quick ratio for the period ended September 29 was 1.80, with the current ratio over the same period at 1.80. As well, the company’s long term debt to equity for the quarter ending September 29 was 0.16, while the total debt to equity was 0.17. In terms of profitability, the gross margin trailing 12 months is 36.40%. The trailing 12-month EBITDA margin is 16.56% while for the period ending September 29, Alibaba Group Holding Limited’s operating margin was 8.60%. The firm’s gross profit as reported stood at $49.47 billion against revenue of $134.57 billion.

Earnings Surprise

For the quarterly period ending September 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -134.71% to $9.77 billion, while revenue of $0.0 was 100.0% off the previous quarter. Analysts expected BABA to announce $1.73 per share in earnings in its latest quarter, but it posted $1.92, representing a 11.00% surprise. EBITDA for the quarter stood at more than $3.53 billion. BABA stock balance sheet for the quarter ending September 29 shows that total liabilities totaled 89.94 billion, with total debt at $192.99 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 23 January was 75.78% to suggest the stock is trending Overbought, with historical volatility in this time period at 33.70%.

The stock’s 5-day moving average is $116.88, reflecting a +2.15% or $2.52 change from its current price. BABA is currently trading +36.12% above its 20-day SMA, +23.74% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +75.44% and SMA200 by+7.68%.

Stochastic %K and %D was 97.42% and 93.73% and the average true range (ATR) pointed at 3.97. The RSI (14) points at 73.62%, while the 14-day stochastic is at 97.39% with the period’s ATR at 4.14. The stock’s 9-day MACD Oscillator is pointing at 2.61 and 7.00 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Alibaba Group Holding Limited (NYSE: BABA), Bernstein upgraded it to an Outperform rating. They previously had a Mkt perform rating on the stock. Analysts offering their rating for BABA stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate BABA as a “sell,”, while 5 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 9 rates the stock as overweight while 46 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 $503.95 and a high of $1482.34, with their median price target at $992.85. Looking at these predictions, the average price target given by analysts is for Alibaba Group Holding Limited (BABA) stock is $985.67.

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