In yesterday’s Wall Street session, Alibaba Group Holding Ltd ADR (NYSE:BABA) shares traded at $71.37, down -1.07% from the previous session.
As of this writing, 58 analysts cover Alibaba Group Holding Ltd ADR (NYSE:BABA). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $1145.93 and a low of $469.15, we find $888.86. Given the previous closing price of $72.14, this indicates a potential upside of 1132.13 percent. BABA stock price is now -12.20% away from the 50-day moving average and -18.26% away from the 200-day moving average. The market capitalization of the company currently stands at $172.25B.
There are 9 analysts who have given it a hold rating, whereas 42 have given it a buy rating. Brokers who have rated the stock have averaged $886.40 as their price target over the next twelve months.
With the price target reduced from $110 to $90, Morgan Stanley Downgraded its rating from Overweight to Equal-Weight for Alibaba Group Holding Ltd ADR (NYSE: BABA).
A total of 0.43% of the company’s stock is owned by insiders.
Monday morning saw Alibaba Group Holding Ltd ADR (NYSE: BABA) opened at $70.49. During the past 12 months, Alibaba Group Holding Ltd ADR has had a low of $71.44 and a high of $121.30. As of last week, the company has a debt-to-equity ratio of 0.16, a current ratio of 1.94, and a quick ratio of 1.94. According to the stock market information, the enterprise value for the company is $122.44B, which is based on a 9.88 price-to-earnings ratio, a 0.83 price-to-earnings-growth ratio, and a beta of 0.55. The fifty day moving average price for BABA is $81.29 and a two-hundred day moving average price translates $87.31 for the stock.
The latest earnings results from Alibaba Group Holding Ltd ADR (NYSE: BABA) was released for Sep, 2023. According to the Internet Retail Company, earnings per share came in at $2.18, beating analysts’ expectations of $2.15 by 0.03. This compares to -$1.19 EPS in the same period last year. The net profit margin was 14.45% and return on equity was 13.60% for BABA. The company reported revenue of $30.81 billion for the quarter, compared to $29.12 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 5.79 percent. For the current quarter, analysts expect BABA to generate $37.71B in revenue.
