BABA Stock Summary and Trading Ideas (Alibaba Gr Holding | NYSE:BABA)

Alibaba is the world's largest online and mobile commerce company as measured by gross merchandise volume. It operates China's online marketplaces, including Taobao (consumer-to-consumer) and Tmall (business-to-consumer). The China commerce retail division is the most valuable cash flow-generating business at Alibaba. Additional revenue sources include China commerce wholesale, international commerce retail/wholesale, local consumer services, cloud computing, digital media and entertainment platforms, Cainiao logistics services, and innovation initiatives/other.

Alibaba Gr Holding trades on the NYSE stock market under the symbol BABA.

As of April 25, 2024, BABA stock price climbed to $75.11 with 10,904,651 million shares trading.

BABA has a beta of 0.79, meaning it tends to be less sensitive to market movements. BABA has a correlation of 0.11 to the broad based SPY ETF.

BABA has a market cap of $182.79 billion. This is considered a Large Cap stock.

Last quarter Alibaba Gr Holding reported $37 billion in Revenue and $2.67 earnings per share. This fell short of revenue expectation by $-71 million and missed earnings estimates by -$.02.

In the last 3 years, BABA stock traded as high as $239.22 and as low as $58.01.

The top ETF exchange traded funds that BABA belongs to (by Net Assets): AVEM, AIQ, XNTK, PNQI, PGJ.

BABA has underperformed the market in the last year with a return of -9.3%, while the SPY ETF gained +25.6%. In the last 3 month period, BABA fell short of the market, returning +1.7%, while SPY returned +3.5%. However, in the most recent 2 weeks BABA has outperformed the stock market by returning +0.3%, while SPY returned -2.8%.

BABA support price is $73.50 and resistance is $75.76 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BABA stock will trade within this expected range on the day.