Currently, there are 2.43B common shares owned by the public and among those 2.16B shares have been available to trade.
The company’s stock has a 5-day price change of 21.57% and 49.07% over the past three months. BABA shares are trading 39.65% year to date (YTD), with the 12-month market performance up to 25.59% higher. It has a 12-month low price of $66.07 and touched a high of $105.97 over the same period. BABA has an average intraday trading volume of 14.52 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 24.06%, 30.56%, and 40.45% respectively.
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Institutional ownership of Alibaba Group Holding Ltd ADR (NYSE: BABA) shares accounts for 16.45% of the company’s 2.43B shares outstanding.
It has a market capitalization of $232.59B and a beta (3y monthly) value of 0.34. The stock’s trailing 12-month PE ratio is 28.05, while the earnings-per-share (ttm) stands at $3.83. The company has a PEG of 3.14 and a Quick Ratio of 1.41 with the debt-to-equity ratio at 0.22. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.04% over the week and 1.90% over the month.
Earnings per share for the fiscal year are expected to decrease by -4.83%, and 12.45% over the next financial year. EPS should grow at an annualized rate of 8.93% over the next five years, compared to -2.72% 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.
