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Over the past one year Alibaba (#BABA) stock is down -26%. The Chinese tech company reported an earnings beat, but shares continue to decline. Is now the time to buy BABA dip?
From a financial standpoint, Alibaba is knocking o out the lights. Revenue increased +33% Y/Y while cash on the balance sheet as of June 30 was at $45B.
But as revenue continues to increase, shares continue to decrease.
Over the past one year Alibaba (#BABA) stock is down -26%. The Chinese tech company reported an earnings beat, but shares continue to decline. Is now the time to buy BABA dip?
From a financial standpoint, Alibaba is knocking o out the lights. Revenue increased +33% Y/Y while cash on the balance sheet as of June 30 was at $45B.
But as revenue continues to increase, shares continue to decrease.