Alibaba Group Holding Limited (NYSE: BABA) is -3.14% lower on its value in year-to-date trading and has touched a low of $189.53 and a high of $319.32 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The BABA stock was last observed hovering at around $230.57 in the last trading session, with the day’s loss setting it -5.15% off its average median price target of $2124.32 for the next 12 months. It is also 91.53% off the consensus price target high of $2662.06 offered by 56 analysts, but current levels are 86.06% higher than the price target low of $1616.75 for the same period.
Even if you’re not actively in crypto, you deserve to know what’s actually going on...
Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.
Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free.
Currently trading at $225.42, the stock is -2.72% and -8.32% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 17.88 million and changing -2.23% at the moment leaves the stock -13.40% off its SMA200. BABA registered 14.75% gain for a year compared to 6-month loss of -21.80%. The firm has a 50-day simple moving average (SMA 50) of $238.99 and a 200-day simple moving average (SMA200) of $262.65.
The stock witnessed a -0.56% gain in the last 1 month and extending the period to 3 months gives it a -6.23%, and is -1.67% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.36% over the week and 2.57% over the month.
Alibaba Group Holding Limited (BABA) has around 252084 employees, a market worth around $616.35B and $98.33B in sales. Current P/E ratio is 25.53 and Fwd P/E is 18.95. Profit margin for the company is 24.70%. Distance from 52-week low is 18.94% and -29.41% from its 52-week high. The company has generated returns on investments over the last 12 months (6.70%).
Alibaba Group Holding Limited (BABA) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Alibaba Group Holding Limited (BABA) is a “Buy”. 56 analysts offering their recommendations for the stock have an average rating of 1.70, where 3 rate it as a Hold and 7 think it is a “Overweight”. 46 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Alibaba Group Holding Limited is expected to release its quarterly report on 08/19/2021 and quarterly earnings per share for the current quarter are estimated at $1.94 with sales reaching $27.55B over the same period.The EPS is expected to grow by 67.50% this year, but quarterly earnings will post 39.10% year-over-year. Quarterly sales are estimated to grow 68.90% in year-over-year returns.
Alibaba Group Holding Limited (BABA) Top Institutional Holders
2,841 institutions hold shares in Alibaba Group Holding Limited (BABA), with 276.33M shares held by insiders accounting for 10.21% while institutional investors hold 44.39% of the company’s shares. The shares outstanding are 2.71B, and float is at 2.43B with Short Float at 1.81%. Institutions hold 39.86% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 87.36 million shares valued at $20.33 billion. The investor’s holdings represent 3.23% of the BABA Shares outstanding. As of Dec 30, 2020, the second largest holder is Vanguard Group, Inc. (The) with 62.66 million shares valued at $14.58 billion to account for 2.32% of the shares outstanding. The other top investors are Price (T.Rowe) Associates Inc which holds 58.1 million shares representing 2.15% and valued at over $13.52 billion, while State Street Corporation holds 1.30% of the shares totaling 35.29 million with a market value of $8.21 billion.
Alibaba Group Holding Limited (BABA): Who are the competitors?
The company’s main competitors (and peers) include Overstock.com Inc. (OSTK) that is trading 1046.55% up over the past 12 months. eBay Inc. (EBAY) is 98.08% up on the 1-year trading charts. Short interest in the company’s stock has fallen -14.26% from the last report on Mar 14, 2021 to stand at a total of 44.07 million short shares sold with a short interest ratio of 2.84.