Alibaba (BABA) Stock Hits ATL and Continues Oversold

Advertisements

The BABA stock price fluctuated between $144.57 and $148 throughout the trading session with the volume trading being 31M 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 -4.04% to close Friday’s market session at $145.08, lower as compared to yesterday’s close which brings the market valuation of the company to $401.96B.

The 52-week high for the Alibaba Group Holding Limited’s shares is $319.32. That puts it -54.56% from that peak and close to a 52-week low of $144.57, while the S&P 500’s share price change was of 32.74%.

The company currently has a 17.47 P/E ratio and a price target of $261.89.

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 24M, while in the last 10 days the average was 25.98M and last three months – 24.4M.

The decreasing interest in the BABA stock from the investors is helping to drive the stock price down.

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 401.96B, Alibaba Group Holding Limited holds a total cash of 483.35B CNY 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 CNY that is 284.10 CNY per share.

This is a great sign for a bright future.

One thought on “Alibaba (BABA) Stock Hits ATL and Continues 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.

    Like

Comments are closed.