In recent trading session, Alibaba Group Holding Ltd ADR (NYSE:BABA) saw 5.86 million shares changing hands at last check today with its beta currently measuring 0.34. Company’s recent per share price level of $99.67 trading at -$2.5 or -2.44% at last check today assigns it a market valuation of $238.72B. That most recent trading price of BABA’s stock is at a discount of -18.21% from its 52-week high price of $117.82 and is indicating a premium of 33.71% from its 52-week low price of $66.07. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 26.4 million shares which gives us an average trading volume of 18.96 million if we extend that period to 3-months.
For Alibaba Group Holding Ltd ADR (BABA), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.45. Splitting up the data highlights that, out of 30 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 9 suggested the stock as a Hold whereas 21 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 2.07 in the current quarter.
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Alibaba Group Holding Ltd ADR (NYSE:BABA) trade information
Upright in the red during last session for losing -2.44%, in the last five days BABA remained trading in the red while hitting it’s week-highest on Friday, 10/11/24 when the stock touched $99.67 price level, adding 10.25% to its value on the day. Alibaba Group Holding Ltd ADR’s shares saw a change of 29.69% in year-to-date performance and have moved -8.79% in past 5-day. Alibaba Group Holding Ltd ADR (NYSE:BABA) showed a performance of 18.07% in past 30-days. Number of shares sold short was 67.99 million shares which calculate 3.23 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 140 to the stock, which implies a rise of 28.81% to its recent value today. Analysts have been projecting 83.89 as a low price target for the stock while placing it at a high target of 300. It follows that stock’s current price would jump 15.83% in reaching the projected high whereas dropping to the targeted low would mean a gain of 15.83% for stock’s current value.
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 added 45.94% of value to its shares in past 6 months, showing an annual growth rate of 3.71% while that of industry is 13.20. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 8.90% from the last financial year’s standing.
21 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 33.51B for the same. And 18 analysts are in estimates of company making revenue of 39.41B in the next quarter.
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 -2.72% during past 5 years. In 2024, company’s earnings growth rate is likely to be around -3.36% while estimates for its earnings growth in next 5 years are of 5.49%.
Alibaba Group Holding Ltd ADR (NYSE:BABA)’s Major holders
PRIMECAP MANAGEMENT CO/CA/ is the top institutional holder at BABA for having 21.87 million shares of worth $1.57 billion. And as of 2024-06-30, it was holding 0.867 of the company’s outstanding shares.
The second largest institutional holder is SANDERS CAPITAL, LLC, which was holding about 18.4 million shares on 2024-06-30. The number of shares represents firm’s hold over 0.7294 of outstanding shares, having a total worth of $1.32 billion.
