Baidu Inc ADR (BIDU) concluded trading on Wednesday at a closing price of $82.36, with 2.7 million shares of worth about $222.11 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -20.28% during that period and on August 28, 2024 the price saw a loss of about -2.90%. Currently the company’s common shares owned by public are about 292.07M shares, out of which, 292.06M shares are available for trading.
Stock saw a price change of -8.22% in past 5 days and over the past one month there was a price change of -7.19%. Year-to-date (YTD), BIDU shares are showing a performance of -30.84% which decreased to -40.01% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $79.68 but also hit the highest price of $151.00 during that period. The average intraday trading volume for Baidu Inc ADR shares is 3.50 million. The stock is currently trading -4.21% below its 20-day simple moving average (SMA20), while that difference is down -7.21% for SMA50 and it goes to -19.49% 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 24.51% of that.
The stock has a current market capitalization of $24.05B and its 3Y-monthly beta is at 0.48. PE ratio of stock for trailing 12 months is 10.78, while it has posted earnings per share of $7.64 in the same period. Its PEG reads 1.57 and has Quick Ratio of 2.32 while making debt-to-equity ratio of 0.33. 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 2.80% while standing at 2.67% over the month.
Stock’s fiscal year EPS is expected to drop by -1.23% while it is estimated to increase by 3.61% in next year. EPS is likely to grow at an annualized rate of 6.87% 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 Bernstein on August 23, 2024 offering a Mkt perform rating for the stock and assigned a target price range of between $130 and $97 to it. Coverage by Jefferies stated Baidu Inc ADR (BIDU) stock as a Buy in their note to investors on July 15, 2024, suggesting a price target of $174 for the stock. On July 15, 2024, Citigroup Reiterated their recommendations, while on May 17, 2024, Morgan Stanley Downgrade their ratings for the stock with a price target of $125. Stock get an Outperform rating from Macquarie on January 11, 2024.
