Alibaba Group Holding Ltd ADR (BABA): Street Finally Waking Up

Currently, there are 2.57B common shares owned by the public and among those 2.39B shares have been available to trade.

The company’s stock has a 5-day price change of -1.99% and -4.93% over the past three months. BABA shares are trading -6.64% year to date (YTD), with the 12-month market performance down to -26.46% lower. It has a 12-month low price of $66.63 and touched a high of $105.05 over the same period. BABA has an average intraday trading volume of 19.18 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -1.43%, -1.35%, and -11.76% respectively.

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Institutional ownership of Alibaba Group Holding Ltd ADR (NYSE: BABA) shares accounts for 14.54% of the company’s 2.57B shares outstanding.

It has a market capitalization of $173.27B and a beta (3y monthly) value of 0.46. The stock’s trailing 12-month PE ratio is 13.18, while the earnings-per-share (ttm) stands at $5.49. The company has a PEG of 1.30 and a Quick Ratio of 1.80 with the debt-to-equity ratio at 0.16. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.16% over the week and 1.54% over the month.

Analysts forecast that Alibaba Group Holding Ltd ADR (BABA) will achieve an EPS of $1.53 for the current quarter, $2.18 for the next quarter and $8.78 for 2025. The lowest estimate earnings-per-share for the quarter is $1.16 while analysts give the company a high EPS estimate of $2.18. Comparatively, EPS for the current quarter was $1.5 a year ago. Earnings per share for the fiscal year are expected to increase by 16.21%, and -3.30% over the next financial year. EPS should grow at an annualized rate of 10.11% over the next five years, compared to 1.29% over the past 5-year period.

Looking at the support for the BABA, a number of firms have released research notes about the stock. Macquarie stated their Neutral rating for the stock in a research note on February 08, 2024, with the firm’s price target at $88.50-$85.40. Mizuho coverage for the Alibaba Group Holding Ltd ADR (BABA) stock in a research note released on January 17, 2024 offered a Buy rating with a price target of $100. DZ Bank on their part issued Buy rating on August 11, 2023.

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