Those aspiring to outpace the market meticulously engage in the process of selecting individual stocks. Strategic choices can be instrumental in accelerating your wealth.
After finishing at $78.46 in the prior trading day, Alibaba Group Holding Ltd ADR (NYSE: BABA) closed at $79.46, up 1.27%. In other words, the price has increased by $1.27 from its previous closing price. On the day, 9.57 million shares were traded. BABA stock price reached its highest trading level at $79.92 during the session, while it also had its lowest trading level at $78.71.
Ratios:
Our goal is to gain a better understanding of BABA by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.80 and its Current Ratio is at 1.80. In the meantime, Its Debt-to-Equity ratio is 0.16 whereas as Long-Term Debt/Eq ratio is at 0.14.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Macquarie on February 08, 2024, Downgraded its rating to Neutral and sets its target price to $85.40 from $88.50 previously.
On January 17, 2024, Mizuho reiterated its Buy rating and also upped its target price recommendation from $120 to $100.
Morgan Stanley Downgraded its Overweight to Equal-Weight on December 01, 2023, whereas the target price for the stock was revised from $110 to $90.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, BABA now has a Market Capitalization of 193376239616 and an Enterprise Value of 1285146017792. As of this moment, Alibaba’s Price-to-Earnings (P/E) ratio for their current fiscal year is 14.47, and their Forward P/E ratio for the next fiscal year is 9.58. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.43. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.45 while its Price-to-Book (P/B) ratio in mrq is 1.39. Its current Enterprise Value per Revenue stands at 1.386 whereas that against EBITDA is 7.073.
Stock Price History:
Over the past 52 weeks, BABA has reached a high of $102.50, while it has fallen to a 52-week low of $66.63. The 50-Day Moving Average of the stock is 7.78%, while the 200-Day Moving Average is calculated to be -0.42%.
Shares Statistics:
The stock has traded on average 14.55M shares per day over the past 3-months and 15636040 shares per day over the last 10 days, according to various share statistics. A total of 2.57B shares are outstanding, with a floating share count of 2.39B. Insiders hold about 0.22% of the company’s shares, while institutions hold 14.38% stake in the company. Shares short for BABA as of 1713139200 were 40763365 with a Short Ratio of 2.80, compared to 1710460800 on 44026901.
Dividends & Splits
In the trailing 12 months, BABA’s forward annual dividend rate was 6.869, compared to 1.00 this year. Against a Trailing Annual Dividend Yield of 0.087547794
