Alibaba Group Holding Limited (BABA), a Consumer Cyclical Internet Retail organization, saw its stock exchange 222.72 common shares, a greater amount when compared to its 10-day trading volume of 15.4M.
Alibaba Group Holding Limited (BABA) stock traded at $222.72, down -1.59 cents or -0.71% on the day. Based on this we can see some traders are either waiting on the sidelines to get involved or perhaps some are taking losses.
Gross Profit is $172.76B..
Alibaba Group Holding Limited (BABA) Technical Statistics:
The average 10-day trading volume of Alibaba Group Holding Limited (BABA) is 15.4M compared to 15.36M over the last 3 months which indicates a greater amount in trading activity. Right now, Alibaba Group Holding Limited (BABA) has a 50-day moving average of $218.07 and a 200-day moving average of $188.79. These moving averages are popular technical indicators that investors use to analyze price trends of Alibaba Group Holding Limited (BABA).
Approximately 12.44% of the shares of the company are short sold from investors betting the stock will trade lower. The beta value of Alibaba Group Holding Limited (BABA) stock is 2.32, indicating its 1.88% to 2.16% more volatile than the overall global market.
Technically, BABA’s short term support levels are around $241.91, $241.91 and $241.91 on the downside. BABAs short term resistance levels are $241.91, $241.91 and $241.91 on the upside.
Based on technical analysis, BABA has short term rating of Neutral (0.20), Intermediate rating of Very Bullish (0.50) and the long-term rating of Bullish (0.33) giving it an overall rating of Bullish (0.34).
BABA is trading 49.43% off its 52 week low at $147.95 and -4.35% off its 52 week high of $231.14. Performance wise, BABA stock has recently shown investors 1.86% a greater amount in a week, -2.68% a pullback in a month and 20.14% a greater amount in the past quarter.
On the flip side, Alibaba Group Holding Limited (BABA) has shown a return of 5.76% since the 1st of this year.
Alibaba Group Holding Limited (BABA) Key Evaluation:
Alibaba Group Holding Limited (BABA) is a large-cap company with a market cap value of $609.262B. BABA insiders hold roughly 33.50% of the shares.
On Oct-04-19 HSBC Securities Reiterated BABA as Buy at $230 → $233. On Nov-22-19 Macquarie Initiated BABA as Outperform and on Jan-22-20 DZ Bank Initiated BABA as Buy at $260.
There are currently 213.51M shares in the float and 2.74B shares outstanding. There are 12.44% shares short in BABAs float.
The industry rank for Alibaba Group Holding Limited (BABA) is 92 out of 254 ranking it at the Top 36% .
Alibaba Group Holding Limited (BABA) Fundamental Research:
BABA last 2 years revenues have increased from $376,844,000 to $444,717,000 showing an uptrend.
Wall Street expects Alibaba Group Holding Limited (BABA) to report an EPS next Qtr profit of 2.26 and a profit of 22.66% next year.
The growth rate on BABA this year is 29.02 compared to an industry 7.80. BABAs next year’s growth rate is 21.14 compared to an industry 19.10.
The book value per share (mrq) is 33.27 and cash per share (mrq) is 12.63. Giving them a price/book (mrq) of 5.66 compared to an industry of 5.35 and BABAs price/cash flow (mrfy) is 38.81 compared to an industry of 18.08.
BABA fundamental ratios shows an EPS growth vs. previous year 7.38 and EPS growth vs. previous quarter 2.25.
About Alibaba Group Holding Limited (BABA):
Headquartered in China, Alibaba Group Holding Limited is an e-commerce giant that mainly caters to its native market. The company operates as a platform for third parties and does not sell goods directly to merchants or hold inventory. Alibaba’s mission is to provide the best marketplace wherein consumers or businesses can buy and sell products online without any geographical barriers. Hence, many call the company a mixture of eBay and Amazon. The company has two retail shopping platforms —Taobao and Tmall portals. Taobao, which began in 2003, is China’s largest e-Commerce platform. It is a customer-to-customer (C2C) marketplace, wherein consumers can offer goods — used or new — for sale, at fixed or negotiable prices. Introduced in 2008, TMall or Taobao Mall of China is the largest business-to-consumer (B2C) online platform in the country. This platform is solely dedicated to official brand stores and retailers, allowing them to sell their goods to the entire Greater China region.Alibaba reports revenues under four segments — Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives. In second-quarter fiscal 2020, revenues in the Core Commerce segment were RMB101.2 billion (US$14.2 billion), up 40% year over year.Cloud Computing revenues were RMB9.3 billion (US$1.3 billion), up 64% year over year. Revenues from digital Media and Entertainment were RMB7.3 billion (US$1.02 billion), up 23% year over year, and revenues from Innovation Initiatives were RMB1.21 billion (US$169 million), up 14% year over year.Since Alibaba is an online marketplace, almost any retailer — traditional, online, retailers operating through shopping networks, consumer-to-consumer, B2B, or B2C — may be considered its competitor.