Alibaba Group Holding Ltd ADR [NYSE: BABA] stock went on an upward path that rose over 5.72% on Friday, amounting to a one-week price increase of more than 20.25%.
Over the last 12 months, BABA stock rose by 98.22%. The one-year Alibaba Group Holding Ltd ADR stock forecast points to a potential upside of 3.91. The average equity rating for BABA stock is currently 1.46, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $344.19 billion, with 2.39 billion shares outstanding and 2.39 billion shares in the current float. Compared to the average trading volume of 22.12M shares, BABA stock reached a trading volume of 73590849 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Alibaba Group Holding Ltd ADR [BABA]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BABA shares is $149.60 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BABA stock is a recommendation set at 1.46. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Macquarie have made an estimate for Alibaba Group Holding Ltd ADR shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on October 07, 2024. While these analysts kept the previous recommendation, Macquarie dropped their target price from $88.50 to $85.40. The new note on the price target was released on February 08, 2024, representing the official price target for Alibaba Group Holding Ltd ADR stock. Previously, the target price had yet another drop from $120 to $100, while Mizuho kept a Buy rating on BABA stock. On December 01, 2023, analysts decreased their price target for BABA shares from 110 to 90.
The Average True Range (ATR) for Alibaba Group Holding Ltd ADR is set at 5.60, with the Price to Sales ratio for BABA stock in the period of the last 12 months amounting to 2.52. The Price to Book ratio for the last quarter was 2.43, with the Price to Cash per share for the same quarter was set at 28.41. Price to Free Cash Flow for BABA in the course of the last twelve months was 24.12 with Quick ratio for the last quarter at 1.48.
BABA Stock Performance Analysis:
Alibaba Group Holding Ltd ADR [BABA] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 20.25. With this latest performance, BABA shares gained by 66.38% in over the last four-week period, additionally plugging by 77.38% over the last 6 months – not to mention a rise of 98.22% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for BABA stock in for the last two-week period is set at 88.88, with the RSI for the last a single of trading hit 92.28, and the three-weeks RSI is set at 84.95 for Alibaba Group Holding Ltd ADR [BABA]. The present Moving Average for the last 50 days of trading for this stock 95.10, while it was recorded at 131.43 for the last single week of trading, and 88.26 for the last 200 days.
Insight into Alibaba Group Holding Ltd ADR Fundamentals:
Alibaba Group Holding Ltd ADR’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.48 and a Current Ratio set at 1.48.
BABA Stock EPS
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for BABA. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Alibaba Group Holding Ltd ADR go to 8.34%.
Alibaba Group Holding Ltd ADR [BABA] Institutonal Ownership Details
The top three institutional holders of BABA stocks are: JPMORGAN CHASE & CO with ownership of 11.61 million shares, which is approximately 0.4705%. MORGAN STANLEY, holding 10.77 million shares of the stock with an approximate value of $$775.22 million in BABA stocks shares; and MORGAN STANLEY, currently with $$717.42 million in BABA stock with ownership which is approximately 0.404%.
