Alibaba Group Holding Limited (NYSE:BABA) finished Thursday with a subtraction of -$0.73 to close at $89.11, a downside of -0.81 percent. An average of 13,814,740 shares of common stock have been traded in the last five days. There was a fall of -$1.54 in the past week, and it reached a new high 11 times over the past 12 months. The last 20 days have seen an average of 18,869,160 shares traded, while the 50-day average volume stands at 19,036,193.
BABA stock has decreased by -8.27% in the last month. The company shares reached their 1-month lowest point of $86.86 on 08/18/23. With the stock rallying to its 52-week high on 01/26/23, shares of the company touched a low of $58.01 and a high of $121.30 in 52 weeks. It has reached a new high 11 times so far this year and achieved 1.16% or $1.02 in price. In spite of this, the price is down -26.54% from the 52-week high.
Valuation Metrics
Alibaba Group Holding Limited (BABA) has a trailing price-to-earnings (P/E) ratio of 20.01. The stock’s beta is 0.71. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.90, the price-to-book (PB) ratio at 1.64.
Financial Health
The quick ratio of Alibaba Group Holding Limited for the three months ended June 29 was 1.90, and the current ratio was 1.90, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.16 and a total debt to equity ratio of 0.16 for the quarter ending June 29. Alibaba Group Holding Limited’s EBITDA margin for the year ending June 29 is 16.39%, while its operating margin for the same period stands at 13.10%. Its gross profit as reported stood at $46.45 billion compared to revenue of $126.49 billion.
Earnings Surprise
For the three-month period that ended June 29, Alibaba Group Holding Limited had $7.58 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $10.56 billion in the quarter, while revenues were grew 7.43%. The analyst consensus anticipated Alibaba Group Holding Limited’s latest quarter earnings to come in at $1.99 per share, but it turned out to be $2.38, a 19.60% surprise. For the quarter, EBITDA amounted to $6.14 billion.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Alibaba Group Holding Limited (BABA) price momentum. RSI 9-day as of the close on 24 August was 40.65%, suggesting the stock is Neutral, with historical volatility in this time frame at 27.41%.
As of today, BABA’s price is $88.73 -1.70% or -$1.54 from its 5-day moving average. BABA is currently trading -6.63% lower than its 20-day SMA and -12.79% lower than its 100-day SMA. However, the stock’s current price level is +1.83% above the SMA50 and +27.65% above the SMA200.
The stochastic %K and %D were 14.35% and 12.21%, respectively, and the average true range (ATR) was 2.91. With the 14-day stochastic at 15.02% and the average true range at 3.04, the RSI (14) stands at 43.62%. The stock has reached -0.82 on the 9-day MACD Oscillator while the 14-day reading was at -3.06.
Analyst Ratings
DZ Bank upgraded Alibaba Group Holding Limited (NYSE: BABA) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a Hold. The consensus rating for Alibaba Group Holding Limited (BABA) among analysts is Buy. According to current brokerage recommendations, 2 brokerage firms advise that investors sell BABA, while 6 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 7 analysts, while 45 others rate it as a “buy”.
