Baidu Inc ADR (NASDAQ:BIDU) price on current trading day, rose 0.93% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $89.64.
A look at the stock’s price movement, the level at last check in today’s session was $88.81, moving within a range at $89.46 and $91.64. The beta value (5-Year monthly) was 0.505 while the PE ratio in trailing twelve months stood at 11.06. Turning to its 52-week performance, $116.25 and $77.19 were the 52-week high and 52-week low respectively. Overall, BIDU moved 8.51% over the past month.
Baidu Inc ADR’s market cap currently stands at around $25.09 billion, with investors looking forward to this quarter’s earnings report slated for in March.
Analysts have a consensus estimate of 33.46B for the company’s revenue for the quarter, with a low and high estimate of 32.74B and 34.65B respectively. The average forecast suggests down to a -4.27% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 132.51B, representing a -1.55% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that BIDU is a 50% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in Hold category.
24 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 7 analyst(s) rate the stock as a Hold, 17 recommend BIDU as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
BIDU’s current price about 4.31% and 4.02% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 54.20, while 7-day volatility ratio is 3.84% and 3.18% in the 30-day chart. Further, Baidu Inc ADR (BIDU) has a beta value of 0.46, and an average true range (ATR) of 3.31. Analysts have given the company’s stock an average 52-week price target of $115, forecast between a low of $97 and high of $134. Looking at the price targets, the low is -8.21% off recent price level in today’s trading while to achieve the yearly target high, it has to move -49.49%. Nonetheless, investors will most likely welcome a -28.29% jump to $115 which is the analysts’ median price.
If we refocus on Baidu Inc ADR (NASDAQ:BIDU), historical trading data shows that trading volumes averaged 5.4 over the past 10 days and 3.39 million over the past 3 months. The company’s latest data on shares outstanding shows there are 285.05 million shares.
The 0.00% of Baidu Inc ADR’s shares are in the hands of company insiders while institutional holders own 25.54% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 6.82 million on 2024-10-31, giving us a short ratio of 1.29. The data shows that as of 2024-10-31 short interest in Baidu Inc ADR (BIDU) stood at 248.0 of shares outstanding, with shares short falling to 7.01 million registered in 2024-09-30. Current price change has pushed the stock 6.32% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the BIDU stock continues to rise going into the next quarter.
