Altaba stock: buy or sell?

AABA stock price: $19.63 0.00% At close on October 2nd, 2019

Updated on:
October 2nd, 2019

3

Altaba shares stayed stable 0.00% to $19.63 on October.

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.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This doesn't mean AABA will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems.

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

Daily outlook

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.

AABA stock chart (daily)

Weekly outlook

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%).

AABA stock chart (weekly)

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 target

How 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.
AABA earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q1-n/a0.11n/a
2017-Q22017-10-02n/an/an/a
2017-Q32018-01-02n/an/an/a
2017-Q42018-04-02n/an/an/a
2018-Q12018-07-03n/an/an/a
2018-Q22018-08-16n/an/an/a
2018-Q32018-10-31n/an/an/a
2018-Q42019-02-25n/an/an/a
2019-Q1-n/an/an/a
2019-Q2-n/an/an/a

Annual financial results

In 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%.

AABA annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$4,680 M-$1,370 M29.3%-
2014$4,618 M-1.32%$7,522 M162.9%449.03%
2015$4,968 M7.58%$-4,359.08 M-87.7%-157.95%
2016$5,169 M4.04%$-214.32 M-4.1%-95.08%
2017$21,491 M315.75%$20,648 M96.1%-9,734.24%
2018$-9,176.67 M-142.70%$-9,023.32 M98.3%-143.70%

Quarterly financial results

Reported 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%.
AABA quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
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 ownership

When 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:

AABA
Market cap$0.0 M
Total shares0.0 M
Float shares0.0 M
  - Institutional holdings (%)0.0%
  - Insider holdings (%)0.0%
Shares in short selling0.0%

Altaba summary

Wednesday, October 2nd, 2019
Open$19.56
Close$19.63
Day range$19.41 - $19.68
Previous close$19.63
Session gain0.00%
Average true range$0.18
50d mov avg$19.15
100d mov avg$18.72
200d mov avg$18.84
Daily patternlb03a
Weekly pattern

Altaba performance

To 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:
Stock3m6m12m
AABAAltaba2.51%-2.73%11.53%

Altaba competitors

Unfortunately, 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