Alibaba Already 4% Up, Almost Three Hours Before The Market Open

(VIANEWS) – The NYSE opens in less than three hours and Alibaba‘s pre-market value is already 4.66% up.

Alibaba’s last close was $94.78, 24.68% under its 52-week high of $125.84.

The last session, NYSE ended with Alibaba (BABA) dropping 0.34% to $94.78. NYSE fell 0.27% to $15,530.83, after five successive sessions in a row of losses, on what was a somewhat negative trend exchanging session.

About Alibaba

Alibaba Group Holding Limited, through its subsidiaries, provides technology infrastructure and marketing reach to help merchants, brands, retailers, and other businesses to engage with their users and customers in the People's Republic of China and internationally. The company operates through seven segments: China Commerce, International Commerce, Local Consumer Services, Cainiao, Cloud, Digital Media and Entertainment, and Innovation Initiatives and Others. It operates Taobao Marketplace, a social commerce platform; Tmall, a third-party online and mobile commerce platform for brands and retailers; Alimama, a monetization platform; 1688.com and Alibaba.com, which are online wholesale marketplaces; AliExpress, a retail marketplace; Lazada, Trendyol, and Daraz that are e-commerce platforms; Freshippo, a self-operated retail chain; and Tmall Global, an import e-commerce platform. The company also operates Taoxianda, an online-offline integration service for FMCG brands and third-party grocery retail partners; Cainiao Network logistic services platform; Ele.me, an on-demand delivery and local services platform; Koubei, a restaurant and local services guide platform; and Fliggy, an online travel platform. In addition, it offers pay-for-performance, in-feed, and display marketing services; and Taobao Ad Network and Exchange, a real-time online bidding marketing exchange. Further, the company provides elastic computing, storage, network, security, database and big data, and IoT services. Additionally, it operates Youku, an online video platform; Alibaba Pictures and other content platforms that provide online videos, films, live events, news feeds, literature, music, and others; Amap, a mobile digital map, navigation, and real-time traffic information app; DingTalk, a business efficiency mobile app; and Tmall Genie smart speaker. The company was incorporated in 1999 and is based in Hangzhou, the People's Republic of China.

Earnings Per Share

As for profitability, Alibaba has a trailing twelve months EPS of $8.95.

PE Ratio

Alibaba has a trailing twelve months price to earnings ratio of 10.59. Meaning, the purchaser of the share is investing $10.59 for every dollar of annual earnings.

The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is negative -0.12%.

Revenue Growth

Year-on-year quarterly revenue growth grew by 3.2%, now sitting on 859.36B for the twelve trailing months.

Volume

Today’s last reported volume for Alibaba is 24214039 which is 1.54% above its average volume of 21111800.

Moving Average

Alibaba’s worth is below its 50-day moving average of $102.86 and higher than its 200-day moving average of $93.16.

Growth Estimates Quarters

The company’s growth estimates for the current quarter is a negative 7.7% and positive 37.3% for the next.

More news about Alibaba (BABA).

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