The stock of Alibaba Group Holding Ltd ADR (NYSE:BABA) last traded at $71.46, down -0.93% from the previous session.
BABA stock price is now -2.55% away from the 50-day moving average and -13.08% away from the 200-day moving average. The market capitalization of the company currently stands at $171.12B.
With the price target reduced from $88.50 to $85.40, Macquarie Downgraded its rating from Outperform to Neutral for Alibaba Group Holding Ltd ADR (NYSE: BABA). On January 17, 2024, Mizuho reiterated its ‘Buy’ rating on the stock by increasing its target price from $120 to quote $100, while ‘Morgan Stanley’ rates the stock as ‘Equal-Weight’
A total of 0.22% of the company’s stock is owned by insiders.
During the past 12 months, Alibaba Group Holding Ltd ADR has had a low of $66.63 and a high of $105.05. As of last week, the company has a debt-to-equity ratio of 0.16, a current ratio of 1.80, and a quick ratio of 1.80. According to the stock market information, the enterprise value for the company is $119.28B, which is based on a 13.01 price-to-earnings ratio, a 1.29 price-to-earnings-growth ratio, and a beta of 0.46. The fifty day moving average price for BABA is $73.33 and a two-hundred day moving average price translates $82.21 for the stock.
The latest earnings results from Alibaba Group Holding Ltd ADR (NYSE: BABA) was released for Dec, 2023. According to the Internet Retail Company, earnings per share came in at $2.62, missing analysts’ expectations of $2.65 by -0.03. This compares to $2.54 EPS in the same period last year. The net profit margin was 10.81% and return on equity was 10.00% for BABA. The company reported revenue of $36.67 billion for the quarter, compared to $35.92 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 2.08 percent. For the current quarter, analysts expect BABA to generate $30.37B in revenue.
