In today’s recent session, 4.3 million shares of the Alibaba Group Holding Ltd ADR (NYSE:BABA) have been traded, and its beta is 0.29. Most recently the company’s share price was $89.93, and it changed around -$2.39 or -2.59% from the last close, which brings the market valuation of the company to $215.33B. BABA at last check was trading at a discount to its 52-week high of $117.82, offering almost -31.01% off that amount. The share price’s 52-week low was $66.07, which indicates that the recent value has risen by an impressive 26.53% since then. We note from Alibaba Group Holding Ltd ADR’s average daily trading volume that its 10-day average is 14.77 million shares, with the 3-month average coming to 20.47 million.
Alibaba Group Holding Ltd ADR stock received a consensus recommendation rating of Buy, based on a mean score of 1.43. If we narrow it down even further, the data shows that 0 out of 45 analysts rate the stock as a Sell; another 7 rate it as Overweight. Among the rest, 8 recommended BABA as a Hold, whereas 30 deemed it a Buy, and 0 rated it as Underweight.
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Alibaba Group Holding Ltd ADR (NYSE:BABA) trade information
Instantly BABA has been showing red trend so far today with a performance of -2.59% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 94.12 on recent trading dayincreased the stock’s daily price by 4.45%. The company’s shares are currently up 17.01% year-to-date, but still up 4.96% over the last five days. On the other hand, Alibaba Group Holding Ltd ADR (NYSE:BABA) is -4.52% 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 $116, which translates to bulls needing to increase their stock price by 22.47% from its current value. Analyst projections state that BABA is forecast to be at a low of $108 and a high of $137.
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 16.43 percent over the past six months and at a 7.89% annual growth rate that is well below the industry average of 15.80%.
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 -0.37% in 2024, but the outlook is positive 15.47% per year for the next five years.
BABA Dividends
Alibaba Group Holding Ltd ADR’s next quarterly earnings report is expected to be released in January. The annual dividend yield of the stock is 2.21 percent and its annual dividend per share was 1.99. It is important to note, however, that the 2.21% 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 0.746% or 18.4 million shares worth $1.32 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
