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published in Blogs
Nov 12, 2019

Alibaba (BABA, $187.19) Singles Day tops $38 billion in sales Monday

Alibaba Group Holding Ltd.'s Singles Day shopping festival registered a record $38.4 billion in sales Monday.

The e-commerce giant saw 10 billion yuan ($1.43 billion) in sales over the first 90 seconds of the event. That happened even amidst sluggish economic growth in China. Total Singles Day sales touched $38.379 billion in gross merchandise value this year, surpassing last year's 24-hour total of $30.8 billion.

This year’s sales growth of 26% was faster compared to last year's 21%.   More than half a billion shoppers placed more than 812 million orders with Alibaba in the bonanza.

Related Ticker: BABA

BABA in -2.74% downward trend, declining for three consecutive days on July 08, 2024

Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where BABA declined for three days, in of 322 cases, the price declined further within the following month. The odds of a continued downward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 63 cases where BABA's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

BABA moved below its 50-day moving average on July 17, 2024 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for BABA crossed bearishly below the 50-day moving average on June 20, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 15 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

BABA broke above its upper Bollinger Band on July 11, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

The Aroon Indicator for BABA entered a downward trend on July 10, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on July 09, 2024. You may want to consider a long position or call options on BABA as a result. In of 85 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for BABA just turned positive on July 03, 2024. Looking at past instances where BABA's MACD turned positive, the stock continued to rise in of 53 cases over the following month. The odds of a continued upward trend are .

The 50-day moving average for BABA moved above the 200-day moving average on June 17, 2024. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where BABA advanced for three days, in of 281 cases, the price rose further within the following month. The odds of a continued upward trend are .

Fundamental Analysis (Ratings)

Fear & Greed

Tickeron has a positive outlook on this ticker and predicts a further increase by more than 4.00% within the next month with a likelihood of 77%.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. BABA’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating slightly better than average sales and a considerably profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.347) is normal, around the industry mean (4.382). P/E Ratio (17.883) is within average values for comparable stocks, (80.073). BABA's Projected Growth (PEG Ratio) (3.468) is slightly higher than the industry average of (1.873). Dividend Yield (0.026) settles around the average of (0.026) among similar stocks. P/S Ratio (1.513) is also within normal values, averaging (4.566).

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. BABA’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 90, placing this stock worse than average.

Notable companies

The most notable companies in this group are Amazon.com (NASDAQ:AMZN), Alibaba Group Holding Limited (NYSE:BABA), PDD Holdings (NASDAQ:PDD), JD.com (NASDAQ:JD), eBay (NASDAQ:EBAY), Chewy (NYSE:CHWY), Vipshop Holdings Limited (NYSE:VIPS), Wayfair (NYSE:W), Just Eat Takeaway.com N.V. (OTC:JTKWY), Revolve Group (NYSE:RVLV).

Industry description

The internet retail industry includes companies that sell products and services through the Internet. With more and more consumers using online retailers, the companies have seen a big increase in the use of their services. Some of the companies in the group are focused on selling business-to-business products and services. Others sell business-to-consumer products and services. Internet retailers offer a wide variety of products like books, apparel, and electronics. Some companies even specialize in only one or two categories. One potentially critical factor for players to thrive in this space is the quality and speed of product delivery. This requires an investment in efficient distribution networks. Things like logistics are important factors in the success in the extremely competitive industry. For a company to stay relevant in the industry it must have effective pricing strategies and upgraded websites. The websites must be easy to navigate and engaging for customers. In addition to the revenues generated from straight sales, internet retailers can generate revenue from subscription fees and advertising. Amazon.com, Inc., Alibaba Group, and JD.com are some of the global leaders.

Market Cap

The average market capitalization across the Internet Retail Industry is 35.85B. The market cap for tickers in the group ranges from 622 to 2.01T. AMZN holds the highest valuation in this group at 2.01T. The lowest valued company is RBZHF at 622.

High and low price notable news

The average weekly price growth across all stocks in the Internet Retail Industry was 2%. For the same Industry, the average monthly price growth was 5%, and the average quarterly price growth was 14%. NEXCF experienced the highest price growth at 141%, while EMCMF experienced the biggest fall at -50%.

Volume

The average weekly volume growth across all stocks in the Internet Retail Industry was 25%. For the same stocks of the Industry, the average monthly volume growth was 7% and the average quarterly volume growth was -29%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 57
P/E Growth Rating: 67
Price Growth Rating: 50
SMR Rating: 80
Profit Risk Rating: 90
Seasonality Score: 10 (-100 ... +100)
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General Information

an online and mobile commerce company

Industry InternetRetail

Profile
Fundamentals
Details
Industry
Internet Retail
Address
1 Matheson Street, Causeway Bay
Phone
+852 22155100
Employees
235216
Web
https://www.alibabagroup.com
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