Why is Alibaba stock still plunging?
Feb 25, 2022 · Now what. All that being said, $200 -- or even $135 a share -- still implies gains of anywhere from 27% to 87% in Alibaba's stock price over the course of the next 12 months.
Is Alibaba worth buying?
Sep 16, 2021 · Why Did Alibaba Stock Drop? There are many potential reasons why BABA has fallen. Certainly, it is not because the company generated 34% year over year (‘YOY’) revenue growth in the latest quarter,...
Is Alibaba a good investment?
Nov 24, 2021 · From hitting a high of around $317 per share in October 2020, Alibaba shares have plunged to around $135 as of Nov. 24, and regulatory issues had a big role to play in this massive decline in...
Should I Sell Baba stock?
Nov 18, 2021 · Shares of Alibaba Group ( BABA 1.96% ) plunged 10.9% as of 11:25 a.m. EST on Thursday, after the Chinese tech giant reported misses on both the top and bottom lines for its fiscal second quarter ...
BABA Stock Price
BABA has fallen more than 50% from all-time highs reached late last year, and is now trading just under $160 per share:
Why Did Alibaba Stock Drop?
There are many potential reasons why BABA has fallen. Certainly, it is not because the company generated 34% year over year (‘YOY’) revenue growth in the latest quarter, and it also isn’t because the company grew non-GAAP net income by 10% as well.
Alibaba Stock Forecast
Wall Street remains bullish as ever, with a 4.69 rating that leans “very bullish.”
Is BABA Stock A Buy, Sell, or Hold?
What are my thoughts? If this was just a fundamental story, then the decision would be an instant call to the affirmative. BABA is projected to increase earnings at a rapid rate over the next five years and is now trading at less than 8x estimates for fiscal 2026 earnings.
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What happened
Shares of Alibaba Group ( BABA -4.37% ) plunged 10.9% as of 11:25 a.m. EST on Thursday, after the Chinese tech giant reported misses on both the top and bottom lines for its fiscal second quarter 2022.
So what
The news wasn't all bad. Although revenue missed estimates, it was still up an impressive 29% year over year, and the company noted that "global annual active consumers across the Alibaba Ecosystem" grew by 62 million -- up 5% -- with half that growth coming from outside China.
Now what
Granted, Alibaba explained that its profit slump was "mainly due to ... increased investments in key strategic areas" -- but a drop is still a drop, and those investments are the things that Alibaba is depending upon to drive its growth in the future.
Alibaba (BABA) stock forecast
BABA stock did manage to retrace back to the 9-day moving average but has not broken back above it. The stock, therefore, maintains its bearish trend. To turn bullish, BABA needs to first break the 9-day moving average at $198.83, but the key resistance to break is really $230 as this would end the series of lower highs in place since October 2020.
US Permission Granted: Retail Sales and Nonfarm Payrolls give the Fed options Premium
Consumer sentiment last month was the worst in almost a decade but depression did not keep anyone home. Consumer spending saw the largest gain in ten months.
What is Alibaba market cap?
The market cap is simply the current price of one share of the stock multiplied by the number of shares outstanding. Alibaba having a market cap in the trillions means that the current price times the number of shares multiplies out to a number of over a trillion.
What happens to purchasing power when the economy is down?
When economy is down, purchasing power tend to go down and hence its value will be affected in the near term. Many are losing their jobs in real estate and manufacturing sector. The high rich individuals have not managed their finance and they are going to hold back from any new purchases.
Is Amazon a good stock?
Amazon (AMZN) is an excellent example of that ; with a stock price that does Not reflect the company's profitability (close to none); and Microsoft (MSFT) since 2000, is a good example of a stock that has appreciated little despite the company having incredible and consistent profit over the past 14 years.
