Alibaba (BABA) Stock Is Now Very Oversold

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The BABA stock price fluctuated between $149.09 and $155.14 throughout the trading session with the volume trading being 34M shares, which represented a positive variation when compared to the three months average volume of 24M shares.

The share price of Alibaba Group Holding Limited (NYSE:BABA) dipped -5.35% to close Tuesday’s market session at $151.49, lower as compared to yesterday’s close which brings the market valuation of the company to $410.68B.

The 52-week high for the Alibaba Group Holding Limited’s shares is $319.32. That puts it -52.55% from that peak but still a -41.86% gain since the share price dropped to a 52-week low of $149.09, while the S&P 500’s share price change was of 33.70%.

The company currently has a 18.21 P/E ratio and a price target of $266.04.

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 24M, while in the last 10 days the average was 23.61M and last three months – 23.56M.

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 49.31M shares being shorted which translates into 1.65 of a short ratio for BABA, while in the previous month the shorted shares were 51.6M.

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

With a market cap of 410.68B, 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.

One thought on “Alibaba (BABA) Stock Is Now Very Oversold

  1. The current price of BABA is the best opportunity to load as many as you can at those amazing cheap prices, I’m buying like crazy and expect not only an huge short squeeze, it’s the so cheap price of this great company. IMHO I don’t believe the Chinese government will “shoot themselves in their ambitious to became a greater economy, if the Chinese government is sane, it will not cause any damage, the opposite I expect now.

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