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.