Alibaba (BABA) Stock Continues to Trade at a Discount

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The BABA stock price fluctuated between $164.82 and $168.45 throughout the trading session with the volume trading being 18M shares, which represented a negative variation when compared to the three months average volume of 21M shares.

The share price of Alibaba Group Holding Limited (NYSE:BABA) dipped -2.28% to close Friday’s market session at $165.24, lower as compared to yesterday’s close which brings the market valuation of the company to $447.95B.

The 52-week high for the Alibaba Group Holding Limited’s shares is $319.32. That puts it -48.25% from that peak but still a -41.49% gain since the share price dropped to a 52-week low of $152.80, while the S&P 500’s share price change was of 28.17%.

What does the trading volume tell us about the BABA stock?

During the last trading session, Alibaba Group Holding Limited (NYSE:BABA) has seen growth in its daily volume. The daily volume was of 21M, while in the last 10 days the average was 55.78M and last three months – 20.86M.

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Shrinking short interest

The Alibaba Group Holding Limited’s shares are seeing a decreasing short interest compared to the previous month. As of today, there are 45.77M shares being shorted which translates into 2.36 of a short ratio for BABA, while in the previous month the shorted shares were 47.57M.

Alibaba Group Holding Limited’s (NYSE:BABA) financials

With a market cap of 447.95B, Alibaba Group Holding Limited holds a total cash of $483.35B that translates into $177.75 per share, while the total debt is of $181.24B.

The company has seen an increase in the revenue with a year-over-year quarterly revenue growth percentage of 33.80%. The current revenue is of $769.28B that is $284.10 per share.

This is a great sign for a bright future.