|Bid||29.17 x 800|
|Ask||29.18 x 4000|
|Day's Range||29.13 - 29.69|
|52 Week Range||26.36 - 46.99|
|Beta (3Y Monthly)||1.41|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Technical analysis also suggests the stock may continue to fall over the coming weeks by 8% from its current price of $29.24. The stock plunged in October after PayPal Holdings Inc. ( PYPL) noted lower than expected volume growth associated with eBay during its third-quarter conference call.
Alibaba (BABA) operates several online marketplaces in China and internationally. In China, it operates Taobao and Tmall. It recently closed its second quarter of fiscal 2019 with a reach of 601 million active consumers across its retail marketplaces in China, showing that it had gained 25 million shoppers in China in one year.
Ebay Inc. has partnered with home services business Handy to provide in-home installation services to eBay customers nationwide. Services will be provided for home, electronics and sporting goods purchases. Ebay shares have tumbled nearly 22% in 2018 while the S&P 500 index has gained 3.5% for the period.
The online marketplace drew the ire of Wall Street ahead of its third-quarter release last month. Here's what investors need to know.
In fiscal 2019, analysts expect Alibaba to see sales of $390.39 billion, while in fiscal 2020, they expect it to see sales of $545.82 billion. Its EPS for fiscal 2019 are expected to be $36.83, and its EPS for fiscal 2020 are expected to be $49.78.
Shopify (SHOP) has emerged as the go-to platform for people seeking to buy legal cannabis online in Canada. Recreational cannabis became legal in Canada on October 17, expanding the country’s legal cannabis market. The use of cannabis for medical reasons had already been legalized in the country.
From its home country of China to India to Brazil, Alibaba (BABA) affiliate Ant Financial has invested hundreds of millions of dollars into other companies in recent months. The investment in Zomato happened at a time when Zomato’s rival Swiggy was said to be in talks to raise as much as $700 million from Tencent (TCEHY) and other investors. Ant Financial has also lined up $100 million to invest in Brazilian card payment processor StoneCo.
Despite its post-Q3 drop, Square appears to be a strong company and its stock seems like it has great upside potential in an industry that is only set to grow.
On November 7, Etsy (ETSY) stock rose 23.7% after its third-quarter earnings announcement on November 6. The company’s third-quarter revenues of $150.4 million and adjusted EPS of $0.15 beat the consensus estimates. On a year-over-year basis, the revenues rose 40.2%. However, the adjusted EPS declined 28.6%. Etsy also announced a $200 million stock buyback authorization.
Can Etsy Sustain the Top-Line Growth Momentum? Etsy (ETSY) released its third-quarter results on November 6. The company’s adjusted EPS was $0.15, which was better than the consensus estimate of $0.07.
Alibaba (BABA) has consistently reported growing sales every Singles’ Day. Alibaba expects its 2018 Singles’ Day to be its largest ever. To deal with expected strong Singles’ Day demand, Alibaba recently opened what’s been billed as China’s largest automated warehouse.
Alibaba (BABA) has won a US court order preventing Dubai-based firm Alibabacoin Foundation from using the Alibaba name in its products. According to Alibaba, the Alibabacoin name is too close to its own trademark, raising the risk that people might think the two are affiliated. In addition, Alibaba accused the Alibabacoin Foundation of trying to take advantage of its strong brand reputation, which it has invested billions of dollars over the years to build.