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.