Alibaba (BABA, Financial) saw a significant price movement with its stock surging by 5.00%. The stock is currently priced at $111.42 per share, with a trading volume of 32.12 million shares, a turnover rate of 1.34%, and an amplitude of 4.98%.
The latest financial report shows that Alibaba achieved a revenue of $33.585 billion, a net profit of $3.351 billion, and earnings per share (EPS) of $1.39. The company also reported a gross profit of $13.164 billion and a price-to-earnings (P/E) ratio of 28.96.
Among 59 rating institutions, 85% recommend buying Alibaba stock, while 15% suggest holding, with no recommendations to sell.
Within the internet retail industry, which Alibaba is a part of, the overall growth is 0.34%. Notable gainers in this sector include Dada Group, Ipower Inc., and Pinduoduo, with Wayfair Inc., Beyond, Inc., and Ipower Inc. being particularly active. Stocks with high amplitude include Ipower Inc. (20.44%), Mogu Street (20.31%), and Linkage Global Inc. (15.21%).
Alibaba is recognized as the world's largest online and mobile commerce company by gross merchandise volume. It operates China's leading online markets like Taobao (C2C) and Tmall (B2C). The company's main cash flow comes from its China retail business, with additional revenue streams from wholesale, international retail/wholesale, local consumer services, cloud computing, digital media and entertainment, logistics, and other innovation initiatives.
As of the latest update, Alibaba had a positive news sentiment ratio of 1.54%. One significant piece of news affecting Alibaba is related to the halt in trading of Sun Art Retail’s stock on the Hong Kong Stock Exchange, indicating a potential acquisition.
