The price of Alibaba Group Holding Ltd ADR (NYSE:BABA) shares last traded on Wall Street fell -1.18% to $85.06.
BABA stock price is now -6.63% away from the 50-day moving average and 1.85% away from the 200-day moving average. The market capitalization of the company currently stands at $203.67B.
With the price target maintained at $145, Macquarie recently Upgraded its rating from Neutral to Outperform for Alibaba Group Holding Ltd ADR (NYSE: BABA). On February 08, 2024, Macquarie Downgraded its previous ‘Outperform’ rating to ‘Neutral’ on the stock reducing its target price from $88.50 to quote $85.40, while ‘Mizuho’ rates the stock as ‘Buy’
A total of 0.16% of the company’s stock is owned by insiders.
During the past 12 months, Alibaba Group Holding Ltd ADR has had a low of $66.07 and a high of $117.82. As of last week, the company has a debt-to-equity ratio of 0.21, a current ratio of 1.37, and a quick ratio of 1.37. According to the stock market information, the enterprise value for the company is $1629726965760, which is based on a 17.46 price-to-earnings ratio, a 1.13 price-to-earnings-growth ratio, and a beta of 0.29. The fifty day moving average price for BABA is $91.0958 and a two-hundred day moving average price translates $83.7222 for the stock.
The latest earnings results from Alibaba Group Holding Ltd ADR (NYSE: BABA) was released for 2024-06-30. The net profit margin was 8.93% and return on equity was 8.59% for BABA. The company reported revenue of $33.7 billion for the quarter, compared to $30.81 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 9.38 percent.
