Alibaba Group Holding Limited (NYSE:BABA) does about 17.07M shares in volume on a normal day but saw 9676793 shares change hands in Friday trading. The company now has a market cap of 768.86B USD and an enterprise value of about $745.68B. Its current market price is $289.00, marking an increase of 1.70% compared to the previous close of $284.17. The 52 week high reached by this stock is $292.48 whilst the lowest price level in 52 weeks is $161.68. The script in recent trading has seen the stock touch a high of $289.50 and a low of $283.57.
Alibaba Group Holding Limited (BABA) has a 20-day trading average at $264.50 and the current price is -1.19% off the 52-week high compared with 78.75% distance from its 52-week low. The 50-day simple moving average of the closing price is $250.25 and its 200-day simple moving average is $217.00. If we look at the stock’s price movements over the week, volatility stands at 2.93%, which decreases to 2.47% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 71.35 to suggest the stock is overbought.
The consensus objective for the share price is $301.53, suggesting that the stock has a potential upside of 4.16% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on August 24, 2020 when Barclays reiterated the stock to “Overweight” and issued a price target of between $300 and $320. Needham initiated its price target at $275.
The current price level is 10.05%, 16.09%, and 33.49% away from its SMA20, SMA50, and SMA200 respectively, with the BABA price moving above the 50-day SMA on August 28. Alibaba Group Holding Limited (BABA) stock is up 8.73% over the week and 14.35% over the past month. Its price is 36.26% year-to-date and 67.24% over the past year.
The stock last released its quarterly earnings report for quarter ended 6/29/2020, with the company’s earnings per share (EPS) of $2.15 above consensus estimates by $0.15. BABA’s earnings per share are forecast to grow by 22.00% this year and 24.80% over next year. Expected sales for next quarter are $29.93 billion, which analysts say will come at $97.78 billion for the current fiscal year and next year at $122.81 billion. In addition, estimates put the company’s current quarterly revenue at an average of $22.79 billion.
To reach the target analysts have set, the stock logically needs to grow 4.16 percent from here.
Outstanding shares total 2.70B with insiders holding 25.37% of the shares and institutional holders owning 48.80% of the company’s common stock. The company has a return on investment of 8.00% and return on equity of 24.10%. The price to earnings ratio (P/E ratio) amounts to 30.37 while the forward price to earnings ratio is 25.11. The beta has a value of 1.56. Price to book ratio is 6.64 and price to sales ratio is 9.66.
According to a U.S. Securities and Exchange Commission filing, Vanguard Total International Stoc has reduced its position in Alibaba Group Holding Limited (BABA) to 29,697,897 shares, mirroring a recent drop by -1.01%. Vanguard Total International Stoc dumped -0.3 million shares of Alibaba Group Holding Limited common stock bringing its total worth to about $7.45 billion at the end of recent close, SEC documents show. Vanguard Total International Stoc isn’t the only investment manager who changed stakes and is followed by Vanguard Emerging Markets Stock I, which added 46286.0 shares to end up with 23,876,852 shares worth $5.99 billion. T Rowe Price Blue Chip Growth Fun raise their holdings by 1.53% in the company over the course of the most recent quarter. It now holds a 0.55% position in Alibaba Group Holding Limited thanks to 14.66 million shares amounting to $3.68 billion.