In yesterday’s Wall Street session, Alibaba Group Holding Ltd ADR (NYSE:BABA) shares traded at $88.28, down -0.29% from the previous session.
BABA stock price is now 17.63% away from the 50-day moving average and 11.37% away from the 200-day moving average. The market capitalization of the company currently stands at $201.70B.
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With the price target reduced from $88.50 to $85.40, Macquarie Downgraded its rating from Outperform to Neutral for Alibaba Group Holding Ltd ADR (NYSE: BABA). On January 17, 2024, Mizuho reiterated its ‘Buy’ rating on the stock by increasing its target price from $120 to quote $100, while ‘Morgan Stanley’ rates the stock as ‘Equal-Weight’
A total of 0.23% of the company’s stock is owned by insiders.
During the past 12 months, Alibaba Group Holding Ltd ADR has had a low of $66.63 and a high of $102.50. As of last week, the company has a debt-to-equity ratio of 0.17, a current ratio of 1.79, and a quick ratio of 1.80. According to the stock market information, the enterprise value for the company is $1476392255488, which is based on a 20.26 price-to-earnings ratio, a 2.26 price-to-earnings-growth ratio, and a beta of 0.41. The fifty day moving average price for BABA is $75.3448 and a two-hundred day moving average price translates $79.21975 for the stock.
The latest earnings results from Alibaba Group Holding Ltd ADR (NYSE: BABA) was released for 2024-03-31. The net profit margin was 8.51% and return on equity was 7.96% for BABA. The company reported revenue of $36.67 billion for the quarter, compared to $35.92 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 2.08 percent.
