Published: Fri, May 19, 2017
Money | By Armando Alvarado

Alibaba Earnings Miss But Revenue Soars 60%

Alibaba Earnings Miss But Revenue Soars 60%

Company stock is -7.48% away from its one year high and is moving 19.57% ahead of its one year low.

Shares of Alibaba Group Holding Limited (BABA) are trading -2.47% downward from the 52-week high mark and 65.44% above from the fifty two-week low mark. Stock's weekly performance expressed up trend of 0.92%. During the last six months the stock climbed 33.26%. The Company's year to date (YTD) performance is now positive at 38.10%. To measure price-variation, we found OVAS's volatility during a week at 5.96% and during a month it has been found around 5.12%.

According to analysts Alibaba Group Holding Ltd (NYSE:BABA)'s minimum EPS for the current quarter is at $0.55 and can go high up to $0.74.

Daniel Zhang, chief executive officer of Alibaba, said the robust quarter demonstrated Alibaba's successful interaction with its 500 million consumers as well as its ability to create value.

"We reported another excellent quarter, with revenue growth accelerating to 60%, the highest growth rate we've achieved since our IPO". The firm had revenue of $5.61 billion during the quarter, compared to the consensus estimate of $5.26 billion.

Alibaba Group Holding Ltd (NYSE:BABA) on Thursday closed at $121.27. Moving average strategies are also popular and can be tailored to any time frame, suiting both long term investors and short-term traders. The firm's 50-day moving average price is $114.39 and its 200 day moving average price is $102.00. Lag is the time it takes for a moving average to signal a potential reversal.

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A moving average can help cut down the amount of "noise" on a price chart. Movements above 70 are interpreted as indicating overbought conditions; conversely moves underneath 30 notify oversold conditions. Royal Bank of Canada restated a "buy" rating and set a $120.00 price objective on shares of Alibaba Group Holding in a report on Tuesday. Average true range (ATR-14) of the company is at 2.41.

The Relative Strength Index (RSI), developed by J. Welles Wilder, is a momentum oscillator that calculates the speed and change of price movements. It may be used by market technicians to enter and exit trades, and it is a useful tool to add to a trading system.

TRADEMARK VIOLATION NOTICE: "Alibaba Group Holding Ltd (BABA) PT Raised to $135.00 at Needham & Company LLC" was originally reported by Markets Daily and is the sole property of of Markets Daily. Higher EPS estimate is noted at $12.15 while lowest EPS estimate among analysts is targeted at $8.71.

The target price for Alibaba Group Holding Limited (BABA) is $130.28/share according to the consensus of analysts working on the stock, with an expected EPS of $0.88/share for the current quarter. The share price was last seen -1.48% lower, reaching at $1.33 on May. These results showed an earnings surprise of 16.92% (Thomson Reuter's data).

Number of analysts are eying on this stock and after detailed observation, they have given the stock mean target price of $129.32 while their mean recommendation is 1.60 (1=Buy, 5=sell). A negative earnings surprise will usually result in a decline in share price. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell. The research report and subsequent rating should be used to complement individual homework and strategy. 11,750,635 shares of the company were exchanged.

The consensus analysts recommendation at this point stands at 1.60 on Alibaba Group Holding Limited (NYSE:BABA). Alibaba Group Holding Limited was covered by a number of analysts recently, 21 rated the stock as Buy, 17 rated Outperform, 2 rated Hold, 0 gave an Underperform and 0 rated sell.

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