In the last trading session, 7.55 million Alibaba Group Holding Ltd ADR (NYSE:BABA) shares changed hands as the company’s beta touched 0.30. With the company’s per share price at $87.37 changed hands at $0.78 or 0.90% during last session, the market valuation stood at $209.20B. BABA’s last price was a discount, traded about -34.85% 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 24.38% up since then. When we look at Alibaba Group Holding Ltd ADR’s average trading volume, we note the 10-day average is 16.64 million shares, with the 3-month average coming to 20.04 million.
Analysts gave the Alibaba Group Holding Ltd ADR (BABA) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.48. 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.
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Alibaba Group Holding Ltd ADR (NYSE:BABA) trade information
Instantly BABA was in green as seen at the end of in last trading. With action 2.09%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 13.68%, with the 5-day performance at 2.09% in the green. However, in the 30-day time frame, Alibaba Group Holding Ltd ADR (NYSE:BABA) is -11.48% down. Looking at the short shares, we see there were 62.56 million shares sold at short interest cover period of 2.58 days.
The consensus price target for the stock as assigned by Wall Street analysts is 140, meaning bulls need an upside of 37.59% from its current 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 -243.37% plunge from its current level, while the stock would need to tank 3.98% 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 12.48% over the past 6 months, a 7.89% in annual growth rate that is considerably lower than the industry average of 16.90%.
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 -0.22%, but the outlook for the next 5-year period is at 15.47% per year.
BABA Dividends
Alibaba Group Holding Ltd ADR is expected to release its next quarterly earnings report in January. The 2.29% annual yield figure for the share gives it an annual dividend of 2.00. It is important to note, however, that the 2.29% 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.
SANDERS CAPITAL, LLC holds the second largest percentage of outstanding shares, with 0.746% or 18.4 million shares worth $1.32 billion as of 2024-06-30.
