Today Barrons is reporting: "Chinese Stocks Like Alibaba Aren't Reacting Much to the Covid Unrest. Not Yet. ..." For full coverage click here. Indeed, shares of the large-cap Consumer Cyclical company have not moved much on the news as of the afternoon trading session, and are currently trading at $76.27.
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 107.4 and a P/B ratio of 0.2.
Alibaba has moved -42.6% over the last year compared to -13.5% for the S&P 500 -- a difference of -29.1%. Alibaba has a 52 week high of $138.7 and a 52 week low of $58.01.