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Alibaba Group Holding Limited (BABA) Analysis & Forecast for 2023

Alibaba Group Holding Limited (NYSE: BABA) is -4.81% lower on its value in year-to-date trading and has touched a low of $58.01 and a high of $125.84 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 $82.90 in the last trading session, with the day’s gains setting it 0.95% off its average median price target of $989.27 for the next 12 months. It is also 94.47% off the consensus price target high of $1516.12 offered by 64 analysts, but current levels are 83.42% higher than the price target low of $505.88 for the same period.

Currently trading at $83.85, the stock is -9.31% and -18.54% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 19.27 million and changing 1.15% at the moment leaves the stock -10.08% off its SMA200. BABA registered -3.30% loss for a year compared to 6-month gain of -11.45%.

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The stock witnessed a -19.10% loss in the last 1 month and extending the period to 3 months gives it a -8.20%, and is -5.50% 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 2.38% over the week and 2.91% over the month.

Alibaba Group Holding Limited (BABA) has around 239740 employees, a market worth around $223.09B and $124.16B in sales. Current P/E ratio is 38.18 and Fwd P/E is 9.60. Profit margin for the company is 4.60%. Distance from 52-week low is 44.54% and -33.37% 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”. 64 analysts offering their recommendations for the stock have an average rating of 1.80, where 4 rate it as a Hold and 9 think it is a “Overweight”. 50 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

The EPS is expected to shrink by -58.40% this year.

Alibaba Group Holding Limited (BABA) Top Institutional Holders

The shares outstanding are 2.60B, and float is at 2.54B with Short Float at 2.46%.

Alibaba Group Holding Limited (BABA): Who are the competitors?

The company’s main competitors (and peers) include Overstock.com Inc. (OSTK) that is trading -60.32% down over the past 12 months. eBay Inc. (EBAY) is -17.78% down on the 1-year trading charts.

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