Alibaba (BABA) Stock Keeps on Rising for 3 Days in a Row


During the last session 29M of Alibaba Group Holding Limited’s (NYSE:BABA) shares were traded. The stock closed at $173.29 per share indicating that it gained $6.29 or 3.77% during that day which brings the Alibaba Group Holding Limited’s valuation to $478.3B.

The 52-week high for the Alibaba Group Holding Limited’s shares is $319.32. That puts it -45.73% from that peak but still a -43.60% 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 26.30%.

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

During the last trading session, Alibaba Group Holding Limited (NYSE:BABA) has seen decay in its daily volume. The daily volume was of 21M, while in the last 10 days the average was 39.49M and last three months – 21.3M.

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 (NYSE:BABA)’s financials

With a market cap of 478.3B, 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.