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Does Alibaba Group Holding Ltd ADR (NYSE:BABA) Look Expensive At $70.78? Here’s How To Know.

In last trading session, Alibaba Group Holding Ltd ADR (NYSE:BABA) saw 32.62 million shares changing hands with its beta currently measuring 0.46. Company’s recent per share price level of $70.78 trading at -$2.86 or -3.88% at ring of the bell on the day assigns it a market valuation of $169.49B. That closing price of BABA’s stock is at a discount of -55.14% from its 52-week high price of $109.81 and is indicating a premium of 5.86% from its 52-week low price of $66.63. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 24.69 million shares which gives us an average trading volume of 23.05 million if we extend that period to 3-months.

Alibaba Group Holding Ltd ADR (NYSE:BABA) trade information

Upright in the red during last session for losing -3.88%, in the last five days BABA remained trading in the red while hitting it’s week-highest on Tuesday, 02/06/24 when the stock touched $70.78 price level, adding 9.65% to its value on the day. Alibaba Group Holding Ltd ADR’s shares saw a change of -8.68% in year-to-date performance and have moved -2.32% in past 5-day. Alibaba Group Holding Ltd ADR (NYSE:BABA) showed a performance of -1.72% in past 30-days. Number of shares sold short was 35.1 million shares which calculate 2.09 days to cover the short interests.

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Alibaba Group Holding Ltd ADR (BABA) estimates and forecasts

Statistics highlight that Alibaba Group Holding Ltd ADR is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -25.38% of value to its shares in past 6 months, showing an annual growth rate of 11.59% while that of industry is 23.70. Apart from that, the company came raising its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to increase by 12.70% in the current quarter and calculating -1.30% decrease in the next quarter. This year revenue growth is estimated to rise 8.80% from the last financial year’s standing.

19 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $31.03 billion for the same. And 5 analysts are in estimates of company making revenue of $35.26 billion in the next quarter that will end on Jun 2024.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 1.29% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 14.82% while estimates for its earnings growth in next 5 years are of 11.26%.

BABA Dividends

Alibaba Group Holding Ltd ADR is more likely to be releasing its next quarterly report on February 07 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

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