The trading price of Baidu Inc ADR (NASDAQ:BIDU) closed higher on Monday, October 28, and closing at $93.13, 3.72% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $91.16 and $94.48. The company’s P/E ratio in the trailing 12-month period was 12.19, while its 5Y monthly beta was 0.486. In examining the 52-week price action we see that the stock hit a 52-week high of $126.23 and a 52-week low of $79.68. Over the past month, the stock has lost -11.45% in value.
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Baidu Inc ADR, whose market valuation is $27.20 billion at the time of this writing, is expected to release its quarterly earnings report in November. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 2.5 per share this quarter, however they have predicted annual earnings per share of 11.14 for current year and 11.21 for next year.
Analysts have forecast the company to bring in revenue of 4.73B for the current quarter, with the likely lows of 4.65B and highs of 4.98B. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 18.96B.
On the technical side, indicators suggest BIDU has a 50% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a Hold, while an average of long term indicators suggests that the stock is currently 50% Sell.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned BIDU a recommendation rating is 24. Out of them, 7 rate it a Hold, while 17 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged Baidu Inc ADR (BIDU) as Underweight, while 0 advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 1.70, which symbolizes a positive outlook. A quick review shows that BIDU’s price is currently -6.79% off the SMA20 and 0.75% off the SMA50. The RSI metric on the 14-day chart is currently showing 46.58, and weekly volatility stands at 2.30%. When measured over the past 30 days, the indicator reaches 3.05%. Baidu Inc ADR (NASDAQ:BIDU)’s beta value is currently sitting at 0.49, while the Average True Range indicator is currently displaying 3.61. With analysts defining $97-$350 as the low and high price targets, we arrive at a consensus price target of $160 for the trailing 12-month period. The current price is about -4.16% off the estimated low and -275.82% off the forecast high, based on this estimate. Investors will be thrilled if BIDU’s share price rises to $160, which is the median consensus price. At that level, BIDU’s share price would be -71.8% below current price.
To see how Baidu Inc ADR stock has been performing in comparison to its peers in the industry, here are the numbers: BIDU stock’s performance was 3.72% in the latest trading, and -14.28% in the past year. Baidu Inc ADR has a P/E ratio of 12.19.
An evaluation of the daily trading volume of Baidu Inc ADR (NASDAQ:BIDU) indicates that the 3-month average is 3.92 million. However, this figure has increased over the past 10 days to an average of 4.25.
Currently, records show that 292.07 million of the company’s shares remain outstanding. The insiders hold 0.00% of outstanding shares, whereas institutions hold 24.02%. The stats also highlight that short interest as of 2024-10-15, stood at 7.0 million shares, resulting in a short ratio of 1.15 at that time. From this, we can conclude that short interest is 254.00 of the company’s total outstanding shares. It is noteworthy that short shares in October were down slightly from the previous month’s figure, which was 8.73 million. However, since the stock’s price has seen -21.80% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
