Alibaba Group Holding Ltd ADR [BABA] stock prices are down -0.73% to $97.98 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The BABA shares have gain 1.68% over the last week, with a monthly amount drifted -14.98%, 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 October 07, 2024, when Macquarie upgraded its rating to a Outperform but kept the price target unchanged to $145 for it. Previously, Macquarie downgraded its rating to Neutral on February 08, 2024, and dropped its price target to $85.40. On January 17, 2024, Mizuho reiterated its Buy rating and revised its price target to $100 on the stock. Morgan Stanley downgraded its rating to a Equal-Weight and decreased its price target to $90 on December 01, 2023. DZ Bank upgraded its rating to Buy for this stock on August 11, 2023, but kept the price target unchanged to $120. In a note dated June 27, 2023, Bernstein downgraded an Mkt Perform rating on this stock and revised its target price from $130 to $98.
The stock price of Alibaba Group Holding Ltd ADR [BABA] has been fluctuating between $66.07 and $117.82 over the past year. Currently, Wall Street analysts expect the stock to reach $153.02 within the next 12 months. Alibaba Group Holding Ltd ADR [NYSE: BABA] shares were valued at $97.98 at the most recent close of the market. An investor can expect a potential return of 56.17% based on the average BABA price forecast.
Analyzing the BABA fundamentals
The Alibaba Group Holding Ltd ADR [NYSE:BABA] reported sales of 131.49B for trailing twelve months, representing a surge of 0.69%. Gross Profit Margin for this corporation currently stands at 0.37% with Operating Profit Margin at 0.11%, Pretax Profit Margin comes in at 0.1%, and Net Profit Margin reading is 0.07%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.07 and Total Capital is 0.08. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.22.
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 97.12 points at the first support level, and at 96.27 for the second support level. However, for the 1st resistance point, the stock is sitting at 98.47, and for the 2nd resistance point, it is at 98.96.
Ratios To Look Out For
It’s worth pointing out that Alibaba Group Holding Ltd ADR [NYSE:BABA]’s Current Ratio is 1.41. In addition, the Quick Ratio stands at 1.41 and the Cash Ratio stands at 0.57. Considering the valuation of this stock, the price to sales ratio is 1.78, the price to book ratio is 1.80 and price to earnings (TTM) ratio is 25.61.
