Altaba stock: buy or sell?
October 2nd, 2019
Should I buy Altaba stock?You can't be a successful trader if you don't follow a methodolgy or system that assist you in choosing companies and the correct market timing. That's why is so important to define your own trading plan that matches with your character as inversor. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.
Currently, Altaba stock doesn't match any of these trading strategies, so our recommendation is not to buy.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is Altaba stock a buy?
Financial institutions and banks post stock ratings everyday.Unfortunately, we couldn't find any rating for AABA stock for the last 30 days.
Altaba stock analysis
Shares of Altaba stayed stable a tight 0.00% and closed at $19.63.
Shares of Altaba stayed steady a tight 0.00% and closed at $19.63. On June AABA price bounced up over the SMA of 200 days demonstrating to be a significant support for this stock. AABA shows a short term strength with several rising tops and rising bottoms. In the very short term, on September it marked a new bottom at $19.31 that should act a support if Altaba starts a trading flat base in the range of $19.31 - $19.74 Trading the long side, we should wait to a new breakout over $19.74 to find the next buy point.
Altaba closed this week at $19.63 and remained constant a slightly good 0.31%. Counting this, it's been 3 green weeks in a row, gaining $0.53 or 2.77%.
Since mid June 2019 when AABA stock price broke up the SMA40w line, it gained $1.64 (9.12%).
Altaba stock price history
Altaba stock went public on April 12th, 1996 with a price of $0.291. Since then, AABA stock grew a 6,669.00%, with an average of 290.00% per year. If you had invested right after AABA's IPO a $1,000 in Altaba stock in 1996, it would worth $66,690.00 today.
1: Adjusted price after possible price splits or reverse-splits.
Altaba stock historical price chart
AABA stock reached 52-week highs on May at $21.58, and all-time highs 2000-01-04 with a price of 34.08.
Altaba stock price targetHow much a stock will be priced tomorrow or next week is quite unpredictable However, financial institutions invest time and resources to provide the most accurated estimations to help investors to make their decisions. You should not follow the analysts' AABA stock price predictions in the hope that they will be met as they may be wrong and not met. For the last month we have not detected any price forecast for Altaba stock by any trusted analyst.
Financials and fundamental analysis
Earnings date and Earnings per Share, when Altaba posted its last earnings report, it . As soon as we get its actual EPS from the earnings report, we will extend this report.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsIn 2018, Altaba annual revenues plummed a hair-raising -142.70% to $-9,176.67 M USD from $21,490.50 marked in 2017. When comparing 2018 vs 2017, instead, profit margin (that is, the net income divided by revenues) raised a 2.25% to 98.33%.
|2013||$4,680 M||-||$1,370 M29.3%||-|
|2014||$4,618 M||-1.32%||$7,522 M162.9%||449.03%|
|2015||$4,968 M||7.58%||$-4,359.08 M-87.7%||-157.95%|
|2016||$5,169 M||4.04%||$-214.32 M-4.1%||-95.08%|
|2017||$21,491 M||315.75%||$20,648 M96.1%||-9,734.24%|
|2018||$-9,176.67 M||-142.70%||$-9,023.32 M98.3%||-143.70%|
Quarterly financial resultsReported quarter income marked $0.00 M with a profit margin of . Profit margin stayed stable a 0.00% compared to previous quarter when profit margin was nan%. When comparing turnover to same quarter last year, Altaba sales marked a dreadful loss and collapsed a -100.00%.
|2017-Q1||$1,327.27 M||-||$99.43 M7.5%||-|
|2017-Q4||$62.09 M||-95.32%||$19,120.00 M30794.0%||19,128.84%|
Altaba ownershipWhen you are planning to buy a stock, it's always worth to review its ownership structure.
Altaba shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a of all shares.
For a better understanding, the next table shows ownership data compared to other related companies:
|Market cap||$0.0 M|
|Total shares||0.0 M|
|Float shares||0.0 M|
|- Institutional holdings (%)||0.0%|
|- Insider holdings (%)||0.0%|
|Shares in short selling||0.0%|
|Wednesday, October 2nd, 2019|
|Day range||$19.41 - $19.68|
|Average true range||$0.18|
|50d mov avg||$19.15|
|100d mov avg||$18.72|
|200d mov avg||$18.84|
Altaba performanceTo better understand Altaba performance you must compare its gains with other related stocks in same sector or industry. We compared Altaba against in the following table:
Altaba competitorsUnfortunately, we could not find any public company that could be defined as Altaba competitor. This doesn't mean Altaba does not have any competitor in the market, it's just we could not detected it.
Latest Altaba stock news
- Seeking AlphaAltaba: Still A Better Investment Than AlibabaMay 6, 2019
- Investors.comDow Jones Futures: AMD Nears Buy Point; Altaba To Liquidate Alibaba Stake; Tesla Stock WatchApril 2, 2019
- Seeking AlphaAltaba: Get 27.66 Percent Off Alibaba Using The Promo-Code AABAJanuary 3, 2019
- Seeking AlphaAltaba Becomes An Even More Attractive Proxy For AlibabaSeptember 12, 2018
- InvestorPlaceTrade of the Day: Altaba Inc (AABA)August 17, 2018