Currently, there are 2.43B 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 -1.53% and 26.32% over the past three months. BABA shares are trading 28.03% year to date (YTD), with the 12-month market performance up to 18.98% higher. It has a 12-month low price of $66.07 and touched a high of $117.82 over the same period. BABA has an average intraday trading volume of 19.71 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 -3.38%, 2.58%, and 21.88% respectively.
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Institutional ownership of Alibaba Group Holding Ltd ADR (NYSE: BABA) shares accounts for 15.05% of the company’s 2.43B shares outstanding.
It has a market capitalization of $235.67B and a beta (3y monthly) value of 0.33. The stock’s trailing 12-month PE ratio is 25.72, while the earnings-per-share (ttm) stands at $3.83. The company has a PEG of 4.68 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 1.61% over the week and 2.30% over the month.
Earnings per share for the fiscal year are expected to decrease by -4.27%, and 11.89% over the next financial year. EPS should grow at an annualized rate of 5.49% 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 Outperform rating for the stock in a research note on October 07, 2024, with the firm’s price target at $145. Macquarie coverage for the Alibaba Group Holding Ltd ADR (BABA) stock in a research note released on February 08, 2024 offered a Neutral rating with a price target of $85.40. Mizuho was of a view on January 17, 2024 that the stock is Buy, while Morgan Stanley gave the stock Equal-Weight rating on December 01, 2023, issuing a price target of $110- $90. UBS on their part issued Buy rating on November 01, 2023.
