The company's fundamentals are relatively very healthy. Its valuation is considered fairly valued,and institutional recognition is very high. Over the past 30 days, multiple analysts have rated the company as a Buy. Despite an average stock market performance, the company shows strong fundamentals and technicals. The stock price is trading sideways between the support and resistance levels, making it suitable for range-bound swing trading.
Alibaba Group Holding Limited, commonly known as Alibaba, is a Chinese multinational technology firm that focuses on e-commerce, retail, internet services, and technology. Established on June 28, 1999, in Hangzhou, Zhejiang, the company offers consumer-to-consumer, business-to-consumer, and business-to-business sales services through both Chinese and global marketplaces, alongside local consumer services, digital media and entertainment, logistics, and cloud computing solutions. It manages a diverse array of companies worldwide across numerous business sectors.
On September 19, 2014, Alibaba completed its U.S. initial public offering on the New York Stock Exchange, raising $25 billion and achieving a market valuation of $231 billion, marking the largest IPO in history at that time. Alibaba ranks among the top 10 most valuable corporations globally and was listed as the 31st largest public company in the 2020 Forbes Global 2000 rankings. In January 2018, Alibaba became the second Asian corporation to surpass the $500 billion valuation milestone, following its rival Tencent. As of 2022, Alibaba holds the ninth position in global brand valuation.
Recognized as one of the world's largest retailers and e-commerce enterprises, Alibaba was also acknowledged in 2020 as the fifth-largest artificial intelligence company. Additionally, it stands as one of the largest venture capital firms and investment corporations globally, as well as the second-largest financial services group, trailing only Visa through its fintech subsidiary, Ant Group. The company operates the largest B2B, C2C, and B2C marketplaces worldwide and has been actively expanding into the media sector, with revenues growing at a remarkable rate year over year. Moreover, it set a record during the 2018 edition of China's Singles' Day, recognized as the world's largest shopping event, both online and offline.
The company's current financial score is 7.31, which is equal to the Software & IT Services industry's average of 7.31. Its financial status is robust, and its operating efficiency is average. Its latest quarterly revenue reached 34.25B, representing a year-over-year increase of 1.95%, while its net profit experienced a year-over-year increase of 77.89%.
Key Metrics
The company’s current valuation score is 6.16, which is lower than the Software & IT Services industry's average of 7.21. Its current P/E ratio is 20.82, which is 447.95% below the recent high of 114.07 and 53.61% above the recent low of 9.66.
The company’s current earnings forecast score is 8.43, which is higher than the Software & IT Services industry's average of 7.59. The average price target for Alibaba Group Holding Ltd is 200.00, with a high of 271.45 and a low of 120.00.
Data disclaimer: Analyst ratings and target prices are provided by LSEG for informational purposes only and do not constitute investment advice.
The company’s current price momentum score is 6.69, which is higher than the Software & IT Services industry's average of 6.34. Sideways: Currently, the stock price is trading between the resistance level at 182.21 and the support level at 146.27, making it suitable for range-bound swing trading.
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The company’s current institutional recognition score is 3.00, which is lower than the Software & IT Services industry's average of 5.78. The latest institutional shareholding proportion is 12.28%, representing a quarter-over-quarter decrease of 21.01%. The largest institutional shareholder is PRIMECAP Management, holding a total of 20.76M shares, representing 0.87% of shares outstanding, with 5.51% decrease in holdings.
The company’s current risk assessment score is 7.39, which is higher than the Software & IT Services industry's average of 5.03. The company's beta value is 0.19. This indicates that the stock tends to underperform the index during upward trending markets but experiences smaller declines during downward trending markets.
