Stocks of Alibaba Group Holding Ltd ADR (NYSE:BABA) traded higher last session on Wall Street, up 2.58% to $99.93.
BABA stock price is now 5.84% away from the 50-day moving average and 24.92% away from the 200-day moving average. The market capitalization of the company currently stands at $239.33B.
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With the price target maintained at $145, Macquarie recently Upgraded its rating from Neutral to Outperform for Alibaba Group Holding Ltd ADR (NYSE: BABA). On February 08, 2024, Macquarie Downgraded its previous ‘Outperform’ rating to ‘Neutral’ on the stock reducing its target price from $88.50 to quote $85.40, while ‘Mizuho’ rates the stock as ‘Buy’
A total of 0.11% of the company’s stock is owned by insiders.
During the past 12 months, Alibaba Group Holding Ltd ADR has had a low of $66.07 and a high of $117.82. As of last week, the company has a debt-to-equity ratio of 0.22, a current ratio of 1.41, and a quick ratio of 1.41. According to the stock market information, the enterprise value for the company is $1807601369088, which is based on a 26.12 price-to-earnings ratio, a 4.75 price-to-earnings-growth ratio, and a beta of 0.34. The fifty day moving average price for BABA is $94.413 and a two-hundred day moving average price translates $80.32795 for the stock.
The latest earnings results from Alibaba Group Holding Ltd ADR (NYSE: BABA) was released for 2024-06-30. The net profit margin was 7.32% and return on equity was 7.17% for BABA. The company reported revenue of $33.47 billion for the quarter, compared to $32.29 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 3.65 percent.
