From Nasdaq:

Alibaba’s stock was trading at $72.32, down -1.71% from the previous day, while, elsewhere, the Dow rose 0.35% and the Nasdaq dropped 0.76%. Over the past month, Alibaba has lost 5.07% and lags behind the retail-wholesale sector’s gain of 1.86%.

The market is awaiting Alibaba’s earnings performance, set to be released on February 7, 2024. Fourth-quarter EPS is anticipated to be $2.73, down 2.15% from the prior year. Revenue, estimated at $37.21 billion, is expected to increase by 3.6%.

Alibaba’s estimates have recently decreased by 3.47%, causing it to presently hold a Zacks Rank of #5 (Strong Sell). The company also has a Forward P/E ratio of 8.31 in comparison to the industry’s average of 19.03. Furthermore, the Internet-Commerce industry is ranked 110 in the top 44% of all industries.

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Read more: Alibaba (BABA) Suffers a Larger Drop Than the General Market: Key Insights