In today’s recent session, 3.61 million shares of the Alibaba Group Holding Ltd ADR (NYSE:BABA) have been traded, and its beta is 0.32. Most recently the company’s share price was $87.58, and it changed around -$1.77 or -1.99% from the last close, which brings the market valuation of the company to $209.69B. BABA at last check was trading at a discount to its 52-week high of $117.82, offering almost -34.53% off that amount. The share price’s 52-week low was $66.07, which indicates that the recent value has risen by an impressive 24.56% since then. We note from Alibaba Group Holding Ltd ADR’s average daily trading volume that its 10-day average is 17.87 million shares, with the 3-month average coming to 20.02 million.
Alibaba Group Holding Ltd ADR stock received a consensus recommendation rating of Buy, based on a mean score of 1.45. If we narrow it down even further, the data shows that 0 out of 55 analysts rate the stock as a Sell; another 18 rate it as Overweight. Among the rest, 7 recommended BABA as a Hold, whereas 30 deemed it a Buy, and 0 rated it as Underweight. Alibaba Group Holding Ltd ADR is expected to report earnings per share of 19.71 for the current quarter.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Alibaba Group Holding Ltd ADR (NYSE:BABA) trade information
Instantly BABA has been showing red trend so far today with a performance of -1.99% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 92.87 on recent trading dayincreased the stock’s daily price by 5.7%. The company’s shares are currently up 13.95% year-to-date, but still down -4.58% over the last five days. On the other hand, Alibaba Group Holding Ltd ADR (NYSE:BABA) is -13.21% down in the 30-day period. We can see from the shorts that 62.56 million shares have been sold at a short interest cover period of 2.58 day(s).
The consensus price target as assigned by Wall Street analysts is $140, which translates to bulls needing to increase their stock price by 37.44% from its current value. Analyst projections state that BABA is forecast to be at a low of $83.89 and a high of $300.
Alibaba Group Holding Ltd ADR (BABA) estimates and forecasts
Alibaba Group Holding Ltd ADR share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 2.55 percent over the past six months and at a 10.44% annual growth rate that is well below the industry average of 14.50%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 3.88% in revenue this quarter, and will report an increase of 20.70% in the next quarter. The year-over-year growth rate is expected to be 6.30%, up from the previous year.
Consensus estimates provided by 20 financial analysts predict the company will bring in an average of 278.4B in revenue for the current quarter. 18 analysts expect Alibaba Group Holding Ltd ADR to make 240.56B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 260.35B and 221.87B respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 6.93%. Forecasts for the next quarter put sales growth at 8.42%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -2.72%. Alibaba Group Holding Ltd ADR earnings are expected to increase by -1.30% in 2024, but the outlook is positive 4.79% per year for the next five years.
BABA Dividends
Alibaba Group Holding Ltd ADR’s next quarterly earnings report is expected to be released on 2024-Nov-15. The annual dividend yield of the stock is 2.28 percent and its annual dividend per share was 2.00. It is important to note, however, that the 2.28% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.
Alibaba Group Holding Ltd ADR (NYSE:BABA)’s Major holders
SANDERS CAPITAL, LLC, with 0.7294% or 18.4 million shares worth $1.32 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard/Primecap Fund and Dodge & Cox International Stock Fund were the top two Mutual Funds as of Jun 30, 2024. The former held 12.25 shares worth $1.07 billion, making up 0.51% of all outstanding shares. On the other hand, Dodge & Cox International Stock Fund held roughly 12.05 shares worth around $1.06 billion, which represents about 0.50% of the total shares outstanding.
