Alibaba Group Holding Ltd ADR (NYSE:BABA) finished Wednesday with an addition of $0.28 to close at $86.19, an upside of 0.33 percent. An average of 11,981,181 shares of common stock have been traded in the last five days. There was a gain of $0.45 in the past week, and it reached a new high 19 times over the past 12 months. The last 20 days have seen an average of 11,847,415 shares traded, while the 50-day average volume stands at 15,937,146.
BABA stock has decreased by -6.56% in the last month. The company shares reached their 1-month lowest point of $83.76 on 09/21/23. 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 lost -2.16% or -$1.90 in price. In spite of this, the price is down -28.94% from the 52-week high.
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Valuation Metrics
Alibaba Group Holding Ltd ADR (BABA) has a trailing price-to-earnings (P/E) ratio of 18.75. The stock’s beta is 0.70. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.61, the price-to-book (PB) ratio at 1.58.
Financial Health
The quick ratio of Alibaba Group Holding Ltd ADR for the three months ended June 29 was 1.92, and the current ratio was 1.92, 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 Ltd ADR’s EBITDA margin for the year ending June 29 is 16.39%, while its operating margin for the same period stands at 13.62%. 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 Ltd ADR 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 Ltd ADR’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 Ltd ADR (BABA) price momentum. RSI 9-day as of the close on 27 September was 41.07%, suggesting the stock is Neutral, with historical volatility in this time frame at 30.98%.
As of today, BABA’s price is $86.35 +0.52% or $0.45 from its 5-day moving average. BABA is currently trading -8.34% lower than its 20-day SMA and +4.49% higher than its 100-day SMA. However, the stock’s current price level is -5.49% below the SMA50 and -8.47% below the SMA200.
The stochastic %K and %D were 30.83% and 28.33%, respectively, and the average true range (ATR) was 2.14. With the 14-day stochastic at 36.87% and the average true range at 2.27, the RSI (14) stands at 41.79%. The stock has reached -0.08 on the 9-day MACD Oscillator while the 14-day reading was at -0.80.
Analyst Ratings
DZ Bank upgraded Alibaba Group Holding Ltd ADR (NYSE: BABA) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a Hold.
