Alibaba Group Holding Limited (NYSE: BABA) is -32.06% lower on its value in year-to-date trading and has touched a low of $73.28 and a high of $182.09 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 $81.60 in the last trading session, with the day’s loss setting it -0.89% off its average median price target of $1019.53 for the next 12 months. It is also 94.96% off the consensus price target high of $1601.57 offered by 59 analysts, but current levels are 89.14% higher than the price target low of $743.17 for the same period.
Currently trading at $80.71, the stock is -11.59% and -14.57% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 19.09 million and changing -1.09% at the moment leaves the stock -23.35% off its SMA200. BABA registered -46.86% loss for a year compared to 6-month loss of -31.16%. The firm has a 50-day simple moving average (SMA 50) of $0.20 and a 200-day simple moving average (SMA200) of $2.33.
The stock witnessed a -10.15% gain in the last 1 month and extending the period to 3 months gives it a -28.01%, and is -9.14% 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 3.86% over the week and 3.90% over the month.
Alibaba Group Holding Limited (BABA) has around 245700 employees, a market worth around $219.62B and $121.95B in sales. Current P/E ratio is 38.54 and Fwd P/E is 1.34. Profit margin for the company is 4.60%. Distance from 52-week low is 10.14% and -55.68% from its 52-week high. The company has generated returns on investments over the last 12 months (3.60%).
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”. 59 analysts offering their recommendations for the stock have an average rating of 1.90, where 4 rate it as a Hold and 8 think it is a “Overweight”. 46 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.
Alibaba Group Holding Limited is expected to release its quarterly report on 11/04/2022.The EPS is expected to shrink by -58.40% this year
Alibaba Group Holding Limited (BABA) Top Institutional Holders
The shares outstanding are 2.66B, and float is at 2.65B with Short Float at 2.02%.
Alibaba Group Holding Limited (BABA): Who are the competitors?
The company’s main competitors (and peers) include Overstock.com Inc. (OSTK) that is trading -68.49% down over the past 12 months. eBay Inc. (EBAY) is -47.68% down on the 1-year trading charts.