Alibaba Group Holding Ltd ADR [BABA] stock prices are down -0.67% to $72.88 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The BABA shares have gain 1.99% over the last week, with a monthly amount drifted -2.33%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Alibaba Group Holding Ltd ADR [NYSE: BABA] stock has seen the most recent analyst activity on February 08, 2024, when Macquarie downgraded its rating to a Neutral and also revised its price target to $85.40 from $88.50. Previously, Mizuho reaffirmed its Buy rating on January 17, 2024, and dropped its price target to $100. On December 01, 2023, downgrade downgraded it’s rating to Equal-Weight and revised its price target to $90 on the stock. DZ Bank upgraded its rating to a Buy but $120 remained the price target by the analyst firm on August 11, 2023. Bernstein downgraded its rating to Mkt Perform for this stock on June 27, 2023, and downed its price target to $98. In a note dated July 20, 2022, Bernstein upgraded an Outperform rating on this stock and boosted its target price from $115 to $130.
The stock price of Alibaba Group Holding Ltd ADR [BABA] has been fluctuating between $66.63 and $103.24 over the past year. Currently, Wall Street analysts expect the stock to reach $167.38 within the next 12 months. Alibaba Group Holding Ltd ADR [NYSE: BABA] shares were valued at $72.88 at the most recent close of the market. An investor can expect a potential return of 129.67% based on the average BABA price forecast.
Analyzing the BABA fundamentals
The Alibaba Group Holding Ltd ADR [NYSE:BABA] reported sales of 130.82B for trailing twelve months, representing a surge of 3.45%. Gross Profit Margin for this corporation currently stands at 0.38% with Operating Profit Margin at 0.14%, Pretax Profit Margin comes in at 0.13%, and Net Profit Margin reading is 0.11%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.1 and Total Capital is 0.09. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.16.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 72.55 points at the first support level, and at 72.21 for the second support level. However, for the 1st resistance point, the stock is sitting at 73.18, and for the 2nd resistance point, it is at 73.47.
Alibaba Group Holding Ltd ADR [BABA] reported earnings per share of $2.63 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $2.66/share, meaning a difference of -$0.03 and a surprise factor of -1.10%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $2.17 per share as compared to estimates of $2.14 per share, a difference of $0.03 representing a surprise of 1.40%.
Ratios To Look Out For
It’s worth pointing out that Alibaba Group Holding Ltd ADR [NYSE:BABA]’s Current Ratio is 1.80. Also, the Quick Ratio is 1.80, while the Cash Ratio stands at 0.57. Considering the valuation of this stock, the price to sales ratio is 1.33, the price to book ratio is 1.28 and price to earnings (TTM) ratio is 13.27.
