Baidu Inc ADR (BIDU) concluded trading on Thursday at a closing price of $95.58, with 2.34 million shares of worth about $223.42 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -20.19% during that period and on April 18, 2024 the price saw a gain of about 1.24%. Currently the company’s common shares owned by public are about 292.07M shares, out of which, 292.05M shares are available for trading.
However, the stock later moved at a day high price of 100.50, or with a gain of 1.24%. Stock saw a price change of -6.59% in past 5 days and over the past one month there was a price change of -8.25%. Year-to-date (YTD), BIDU shares are showing a performance of -19.74% which decreased to -27.14% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $94.25 but also hit the highest price of $156.98 during that period. The average intraday trading volume for Baidu Inc ADR shares is 3.41 million. The stock is currently trading -7.31% below its 20-day simple moving average (SMA20), while that difference is down -8.24% for SMA50 and it goes to -20.16% lower than SMA200.
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Baidu Inc ADR (NASDAQ: BIDU) currently have 292.07M outstanding shares and institutions hold larger chunk of about 23.99% of that.
The stock has a current market capitalization of $27.92B and its 3Y-monthly beta is at 0.70. PE ratio of stock for trailing 12 months is 12.22, while it has posted earnings per share of $7.82 in the same period. Its PEG reads 1.29 and has Quick Ratio of 2.98 while making debt-to-equity ratio of 0.35. 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 2.40% while standing at 2.33% over the month.
Stock’s fiscal year EPS is expected to drop by -2.97% while it is estimated to increase by 9.61% in next year. EPS is likely to grow at an annualized rate of 9.45% for next 5-years, compared to annual growth of -8.12% 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.
