why is alibaba stock down reddit
On reddit it is mostly bearish sentiment. In addition to creating Alibaba Ma was head of Ant Group.
Alibaba Group Holding Stock Gives Every Indication Of Being Significantly Undervalued
Alibaba is much larger than Amazon in terms of market share yet the value of its stock is dramatically lower than Amazons by a factor of ten.
. However alibaba operates in the Chinese market which everyone agrees is a much less mature and much less transparent market than the US financial market. EDT and Didi 49 lower. Recently Alibaba BABA stock hit its 52-week low amid the sell-off in Chinese tech stocks.
Alibaba has been an expensive stock for years. Why Alibaba Stock Is Falling Today. However we seem to life in times where a PE ratio of 27 of a.
Alibaba BABA -368 is arguably Chinas most well-known tech company. Alibaba stock short squeeze. Audiences including investors have been trained over the.
At its lows the stock was down almost 34. Alibaba is becoming one of the most talked about stocks on WallStreetBets. Shares of Alibaba BABA 790 finished up 11 in October according to data from SP Global Market Intelligence as the Chinese tech giant seemed to find support on Reddits.
On a bearish day for Chinese stocks Alibaba took a big hit and dropped 8 during the March 10 session. Aliexpress is the worst online shopping experience on the internet their rules favor merchants over buyers. As of today Alibaba stock is down 20 in the past 1 month.
It owns the countrys largest online marketplaces Taobao and Tmall and its largest cloud infrastructure platform Alibaba. Retail market share has shrunk from 75 about 5 years ago to 50 currently. As a result most Chinese tech stocks were down today with Alibaba off 37 as of 316 pm.
Because the rest of market is in self off and i can find better opportunities in the us market. This is doomed to lose market to competitors. I think Alibaba as a company is still undervalued but not in relative basis.
While it has come off the lows its still down almost 30 percent. The Chinese crackdown on Alibaba NYSE. It still trades at just 21 times forward earnings and analysts expect.
There are some interesting bullish and bearish takes on baba on seeking alpha. This is anecdotal obviously and I dont have any data to support increased use of Ali Express by American customers but until this year most reviews posted were by Russians Germans or people from various Middle Eastern countries. Shares of Alibaba are currently trading at less than 20 forward PE which is cheap for a company of this scale in todays market.
So far in 2021 BABA stock is down around 30. As we all knew about alibaba and about China the government is always regulating technological companies. BABA stock and other big tech stocks has chilled Wall Street but US.
Jack ma doesnt even hold a large stake in BABA anymore and hasnt been the CEO for years now. Its fall really started when Beijing took aim at Alibabas founder Jack Ma. In Christmas yes Alibaba was undervalued relative to the market but not anymore.
Alibaba may seem undervalued considering the current prices within the overall stock market. As most BABA followers know the last two weeks of BABA have been brutal for Alibabas share prices. 24 2021 Published 913 am.
Since it came out that equivalent to the USAs SEC in China cancelled off the Ant IPO on Xis orders just days ahead of when the IPO was to take place as a way to punishment Jack Ma days after Ma had made statements that pissed off China. Alibaba main B2B site is absolute garbage. A stocks past price.
Here are three key things to consider before you make that decision. But why did the market only react now. When you have limited capital to deploy you either but.
I wouldnt have guessed a mega cap stock would take such a hit. August 23 2021. I once considered Alibaba BABA-113 an undervalued growth stock.
Based on CCP uncertainty it is not a buy and there is looming danger of further institutional unloading. Charlie Mungers companys big investment in Alibaba along with a broader stabilization in Chinese tech. According to the data from Fintel BABA stock had a short volume ratio of 125 percent on June 25 which.
Ive shopped on Ali Express for about 5 years and in the past year Ive noticed a significant increase in product reviews from US buyers. Based on its fundamentals it is very undervalued and is a resounding buy. Shares are technically in a bear market since BABA stock is down by more than 20.
In a shortened session Alibaba stock closed down 134 wiping off approximately 100 billion from its market cap. However traders need positive catalysts in.
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