Shares of Alibaba have moved 0.2% today, and are now trading at a price of $90.77. Today's trading volume is 6,033,542 compared to the stock's average volume of 19,812,840.
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. Based in Hangzhou, China the company has 235,216 full time employees and a market cap of $232,598,126,592.
The company is now trading -34.07% away from its average analyst target price of $137.68 per share. The 43 analysts following the stock have set target prices ranging from $92.24 to $183.48, and on average give Alibaba a rating of buy.
The stock's 52 week high is $121.3 per share and its 52 week low is $58.01. With its gross margins declining an average -4.7% over the last 4 years, Alibaba may not have a strong enough business to reverse this trend.
| Date Reported | Revenue ($ k) | Cost of Revenue ($ k) | Gross Margins (%) | YoY Growth (%) |
|---|---|---|---|---|
| 2023-03-31 | 868,687,000 | 549,695,000 | 36.72 | -0.11 |
| 2022-03-31 | 853,062,000 | 539,450,000 | 36.76 | -10.95 |
| 2021-03-31 | 717,289,000 | 421,205,000 | 41.28 | -7.44 |
| 2020-03-31 | 509,711,000 | 282,367,000 | 44.6 | n/a |
