Alibaba stock price today opened at $74.90, slightly higher on light pre-market activity, as traders digest news of heightened online retail sales for January, a typical seasonal boost ahead of Lunar New Year. Well, looking at the company's valuation metrics above, it's pretty obvious that as far as tech companies worth more than $100 billion are concerned, Alibaba has to be one of the cheapest such stocks on any index. Trading at just 21 times trailing earnings, and considering the fact that Alibaba's forward multiple is higher than its trailing multiple, the market has priced in some growth slowdown in the stock. Have a read of the narrative in full and understand what's behind the forecasts. Alibaba stock price today prints $75.08 during late afternoon trade, benefiting from a rebound in Nasdaq-listed Chinese firms. Correlation coefficients suggest tight alignment between Alibaba’s ADR and HKEX performance.
