Shares of Alibaba Group Holding Limited American Depositary Shares each representing eight (NYSE:BABA) traded at a new 52-week low today of $194.80. So far today approximately 15.7 million shares have been exchanged, as compared to an average 30-day volume of 14.7 million shares.
Alibaba Group Holding Limited American Depositary Shares each representing eight has overhead space with shares priced $196.92, or 10.7% below the average consensus analyst price target of $220.44.
Alibaba is the world’s largest online and mobile commerce company, measured by GMV (CNY 6.6 trillion/$1 trillion for the fiscal year ended March 2020). It operates China’s most-visited online marketplaces, including Taobao (consumer-to-consumer) and Tmall (business-to-consumer). Alibaba’s China commerce retail division accounted for 69% of revenue in the December 2020 quarter, with Taobao generating revenue through advertising and other merchant data services and Tmall deriving revenue from commission fees. Additional revenue sources include China commerce wholesales (2%), international retail/wholesale marketplaces (5%/2%), cloud computing (7%), digital media and entertainment platforms (4%), Cainiao logistics services (5%), and innovation initiatives/other (2%).
In the past 52 weeks, shares of Alibaba Group Holding Limited American Depositary Shares each representing eight have traded between the current low of $194.80 and a high of $319.32 and is now at $196.92.
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