BABA Stock Summary and Trading Ideas (Alibaba Gr Hldgs | 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 Hldgs trades on the NYSE stock market under the symbol BABA.

As of November 14, 2024, BABA stock price declined to $90.58 with 14,385,946 million shares trading.

BABA has a beta of 0.66, meaning it tends to be less sensitive to market movements. BABA has a correlation of 0.05 to the broad based SPY ETF.

BABA has a market cap of $216.86 billion. This is considered a Mega Cap stock.

Last quarter Alibaba Gr Hldgs reported $33 billion in Revenue and $2.26 earnings per share. This fell short of revenue expectation by $-1 billion and exceeded earnings estimates by $.13.

In the last 3 years, BABA traded as high as $169.94 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 price return of +10.5% while the SPY ETF gained +36.4%. However, in the short term, BABA had mixed performance relative to the market. It has outperformed in the last 3 months, returning +11.7% vs +9.8% return in SPY. But in the last 2 weeks, BABA shares have been beat by the market, returning -8.2% compared to an SPY return of +2.3%.

BABA support price is $89.86 and resistance is $94.14 (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 shares will trade within this expected range on the day.