In the latest trading session, 3.52 million Alibaba Group Holding Ltd ADR (NYSE:BABA) shares changed hands as the company’s beta touched 0.34. With the company’s most recent per share price at $100.56 changed hands at -$1.87 or -1.83% at last look, the market valuation stands at $240.84B. BABA’s current price is a discount, trading about -17.16% off its 52-week high of $117.82. The share price had its 52-week low at $66.07, which suggests the last value was 34.3% up since then. When we look at Alibaba Group Holding Ltd ADR’s average trading volume, we note the 10-day average is 24.57 million shares, with the 3-month average coming to 19.19 million.
Analysts gave the Alibaba Group Holding Ltd ADR (BABA) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.46. If we narrow down to specifics, the data shows that 0 out of 30 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 9 recommended BABA as a Hold, 21 felt it is a Buy and 0 rated the stock as Underweight. Alibaba Group Holding Ltd ADR’s EPS for the current quarter is expected to be 2.07.
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Alibaba Group Holding Ltd ADR (NYSE:BABA) trade information
Instantly BABA was in red as seen in intraday trades today. With action -6.72%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 30.84%, with the 5-day performance at -6.72% in the red. However, in the 30-day time frame, Alibaba Group Holding Ltd ADR (NYSE:BABA) is 13.90% up. Looking at the short shares, we see there were 67.99 million shares sold at short interest cover period of 3.23 days.
The consensus price target for the stock as assigned by Wall Street analysts is 140, meaning bulls need an upside of 28.17% from its recent market value. According to analyst projections, BABA’s forecast low is 83.89 with 300 as the target high. To hit the forecast high, the stock’s price needs a -198.33% plunge from its current level, while the stock would need to tank 16.58% for it to hit the projected low.
Alibaba Group Holding Ltd ADR (BABA) estimates and forecasts
Data shows that the Alibaba Group Holding Ltd ADR share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 43.49% over the past 6 months, a 3.71% in annual growth rate that is considerably lower than the industry average of 13.10%. Year-over-year growth is forecast to reach 9.10% up from the last financial year.
Consensus estimates given by 21 financial analysts project the company’s revenue in the current quarter to hit an average of 33.59B. 18 analysts are of the opinion that Alibaba Group Holding Ltd ADR’s revenue for the current quarter will be 39.51B. The company’s revenue for the corresponding quarters a year ago was 31.58B. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 6.30%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -2.72%. The 2024 estimates are for Alibaba Group Holding Ltd ADR earnings to decrease by -4.37%, but the outlook for the next 5-year period is at 5.49% per year.
BABA Dividends
Alibaba Group Holding Ltd ADR is expected to release its next quarterly earnings report on 2024-Nov-14. The 1.98% annual yield figure for the share gives it an annual dividend of 1.99. It is important to note, however, that the 1.98% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.
Alibaba Group Holding Ltd ADR (NYSE:BABA)’s Major holders
SANDERS CAPITAL, LLC holds the second largest percentage of outstanding shares, with 0.7294% or 18.4 million shares worth $1.32 billion as of 2024-06-30.
Among Mutual Funds, the top two as of Jun 30, 2024 were Vanguard/Primecap Fund and Dodge & Cox International Stock Fund. With 12.25 shares estimated at $1.23 billion under it, the former controlled 0.51% of total outstanding shares. On the other hand, Dodge & Cox International Stock Fund held about 0.50% of the shares, roughly 12.05 shares worth around $1.21 billion.
