Baidu Inc ADR (BIDU) concluded trading on Thursady at a closing price of $110.59, with 5.56 million shares of worth about $615.01 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -13.84% during that period and on Thursady the price saw a gain of about 3.14%. Currently the company’s common shares owned by public are about 276.45M shares, out of which, 276.43M shares are available for trading.
Stock saw a price change of 3.64% in past 5 days and over the past one month there was a price change of 3.17%. Year-to-date (YTD), BIDU shares are showing a performance of -7.14% which decreased to -21.47% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $97.51 but also hit the highest price of $160.53 during that period. The average intraday trading volume for Baidu Inc ADR shares is 2.95 million. The stock is currently trading 4.22% above its 20-day simple moving average (SMA20), while that difference is up 0.46% for SMA50 and it goes to -11.67% lower than SMA200.
Baidu Inc ADR (NASDAQ: BIDU) currently have 276.45M outstanding shares and institutions hold larger chunk of about 25.35% of that.
The stock has a current market capitalization of $30.57B and its 3Y-monthly beta is at 0.69. PE ratio of stock for trailing 12 months is 12.19, while it has posted earnings per share of $9.08 in the same period. Its PEG reads 1.08 and has Quick Ratio of 2.82 while making debt-to-equity ratio of 0.36. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for BIDU, volatility over the week remained 2.49% while standing at 2.45% over the month.
Analysts are in expectations that Baidu Inc ADR (BIDU) stock would likely to be making an EPS of $2.49 in the current quarter, while forecast for next quarter EPS is $2.37 and it is $10.93 for next year. For the current quarter EPS, analysts have given the company a lowest target $2.04 which is $3.15 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $2.23 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 28.12% while it is estimated to increase by 1.44% in next year. EPS is likely to grow at an annualized rate of 11.31% for next 5-years, compared to annual growth of -17.70% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Macquarie on January 11, 2024 offering an Outperform rating for the stock and assigned a target price of $150 to it. Coverage by Nomura stated Baidu Inc ADR (BIDU) stock as a Buy in their note to investors on November 22, 2023, suggesting a price target of $145 for the stock. On June 20, 2023, Morgan Stanley Upgrade their recommendations, while on May 01, 2023, Bernstein Upgrade their ratings for the stock with a price target of $160. Stock get a Buy rating from UBS on April 21, 2023.
