Alibaba rose 3.3% during the afternoon session to $78.5 per share. As reported by Barrons: "Alibaba and other Chinese tech stocks appear to have reversed a brutal two-year slide this month. Investors betting on a rebound may be ignoring the risk of China's "zero Covid" policies and just how much more these stocks could be hurt." You can read more about it here. For those of you thinking about investing in the stock, here is a brief look at the company's fundamentals.
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 belongs to the Consumer Cyclical sector, which has an average price to earnings (P/E) ratio of 24.11 and an average price to book (P/B) ratio of 3.11. In contrast, Alibaba has a trailing 12 month P/E ratio of 110.6 and a P/B ratio of 0.2.
Alibaba has moved -41.1% over the last year compared to -12.3% for the S&P 500 -- a difference of -28.8%. Alibaba has a 52 week high of $138.7 and a 52 week low of $58.01.
