BABA: has not been this far below its 100wma, ever. schrts.co
Bought more, at 147 and 144; orders to add every $3 further decline. 130 is the 2018 low; 120 is the 2014 high. I am prepared to buy, in equal-$ increments, to those levels.
PE = 21 = 146/ (1.74 X 4); the LT range is 20-50
P/S = 3.6 = 457B/ (32B X 40); never been lower
China's e-commerce kingpin said it expects revenue for its fiscal year, which ends in March 2022, to rise between 20% and 23% from 2021. Such growth would normally be fine and good, but the company earlier this year forecast revenue equivalent to $146 billion, which would have been 30% higher than the prior year.The company was also slammed for reporting fiscal second-quarter earnings of $1.74 a share, on revenue equal to almost $32 billion, while analysts had forecast Alibaba ( BABA) to earn $1.86 a share, on approximately $40 billion in revenue.Among its areas of concern were Alibaba's cloud sales. On a conference call, Chief Executive Daniel Zhang said cloud revenue rose 29% from a year ago, led by customers in the Internet, financial services and retail industries. However, Zhang said Cloud revenue was impacted by "a top cloud customer in the Internet industry, which has stopped using our overseas cloud service due to local regulatory requirements." seekingalpha.com |
