Alibaba Group Holding Ltd (NYSE:BABA) soared 0.46% during previous trade, a total of 37.12M shares exchanged hands compared with its average trading volume of 10.02M shares whereas its relative volume is 3.95. The stock has a market capitalization of $292.03B along with 2.47B outstanding shares. Stock’s intraday price range hit the peak level of $122.63 and touched the lowest level of $114.
Most recently Alibaba Group Holding Ltd (NYSE:BABA)’s price target was revised on 5/17/17 and according to 40 analysts stock’s price will reach at $133.17 during 52 weeks with standard deviation of 12.04. Stock’s minimum price target estimates has been figured out at $109.77 while the maximum price target forecast is established at $179.92, if we look at the price target with an optimistic approach it has upside potential of 49% from its latest closing price of $121.27
Historically, if we look at price target revisions, three weeks ago Alibaba Group Holding Ltd (NYSE:BABA)’s price target was revised on 4/18/17 by the analysts, however the bullish price estimates of the stock set at $140 while the bearish estimates kept at $95 over the next one year. Stock’s 52-week target was retained at $121.78, the estimates indicates a standard deviation of 14.17.
While taking an overview of recommendation trends, the stock currently has an average brokerage recommendation of 1.16. ABR value is precisely based on brokerage recommendations, where out of 16 brokerage recommendations 13 rate Alibaba Group Holding Ltd (NYSE:BABA) stock a Strong Buy, 3 rate the stocks of the company a Buy, 0 rate Hold, 0 rate Sell and 0 recommend a Strong Sell. Most recently on 4/20/17 the stock of Alibaba Group Holding Ltd (NYSE:BABA) downgraded by Standpoint Research from Buy to Reduce. However previously on 1/9/17 it was upgraded by Standpoint Research from Hold to Accumulate. A research note issued on 8/12/16 the stock was upgraded by Raymond James from Outperform to Strong Buy.
Alibaba Group Holding Ltd (NYSE:BABA) performance over the past one year soared 53.45% whereas its year to date (YTD) performance indicated a bullish trend of 38.10%. During the last six months the stock climbed 33.26%. Quarterly performance of the company shows optimistic momentum of 20.28% while its last one month trend is positive with 9.49%. Stock’s weekly performance expressed up trend of 0.92%.
The company’s price sits 8.73% above from its 50-day moving average of $114.06 and 19.76% far from the stock’s 200-day moving average which is $101.86. Alibaba Group Holding Ltd (NYSE:BABA)’s shares are currently trading -2.47% away from the 52-week high price of $124.34 and +65.44% far from the 52-week low price of $73.30.
According to consensus agreement of 18 analysts Alibaba Group Holding Ltd (NYSE:BABA) will report earnings per share of $0.88 in their quarterly report and it is expected to announce the company’s results on 5/18/17 Before Market Open. For the current quarter the company has high EPS estimates of $0.99 in contradiction of low EPS estimates of $0.77. However a year ago for the same quarter the company has reported $0.71 EPS. Current year EPS projections for Alibaba Group Holding Ltd (NYSE:BABA) set at $4.25 according to the sentiments of 39 analysts, while its lowest earnings estimates are $2.6 and highest earnings estimates are $4.87.
According to 15 analysts, Alibaba Group Holding Ltd (NYSE:BABA)’s revenue estimates for the current quarter are $6.39B meanwhile the company has high revenue estimates of $6.71B in contradiction of low revenue estimates of $6.23B. For the current year the company’s revenue estimates are $30.31B compared to low analyst estimates of $28.45B and high estimates of $31.93B according to the projection of 37 analysts.