Looking at the big picture Alibaba Group has a market cap of around $467.66 billion. Its stock rose around 31% since the beginning of 2019 alone. See Alibaba’s stock chart here.
When looking at the last five years, Alibaba’s IPO price was set at $68 per share in 2014. On its first trading day on the New York Stock Exchange, the price jumped 38% to close at $93.89 per share.
Recently, analysts from CNBC calculated that your investment would be worth around $1,921.50 at the moment if you had invested $1000 back in 2014. Thus, it represents a 92.15% price jump since Alibaba’s first trading day.
However, this doesn’t mean that Alibaba stock will maintain its current performance in future. One of the things that “will definitely” slow down the company’s stock is China’s current economic issues, said Danny Law, an analyst from China.
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