Baidu Inc ADR (BIDU): Street Finally Waking Up

Currently, there are 292.07M common shares owned by the public and among those 292.06M shares have been available to trade.

The company’s stock has a 5-day price change of 19.27% and 22.13% over the past three months. BIDU shares are trading -11.59% year to date (YTD), with the 12-month market performance down to -20.51% lower. It has a 12-month low price of $79.68 and touched a high of $136.53 over the same period. BIDU has an average intraday trading volume of 3.63 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 20.90%, 21.15%, and 6.02% respectively.

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Institutional ownership of Baidu Inc ADR (NASDAQ: BIDU) shares accounts for 24.38% of the company’s 292.07M shares outstanding.

It has a market capitalization of $30.75B and a beta (3y monthly) value of 0.48. The stock’s trailing 12-month PE ratio is 13.78, while the earnings-per-share (ttm) stands at $7.64. The company has a PEG of 2.00 and a Quick Ratio of 2.32 with the debt-to-equity ratio at 0.33. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.48% over the week and 2.41% over the month.

Earnings per share for the fiscal year are expected to decrease by -2.18%, and 3.74% over the next financial year. EPS should grow at an annualized rate of 6.88% over the next five years, compared to -8.12% over the past 5-year period.

Looking at the support for the BIDU, a number of firms have released research notes about the stock. HSBC Securities stated their Hold rating for the stock in a research note on September 24, 2024, with the firm’s price target at $100. Bernstein coverage for the Baidu Inc ADR (BIDU) stock in a research note released on August 23, 2024 offered a Mkt Perform rating with a price target of $97. Jefferies was of a view on July 15, 2024 that the stock is Buy, while Citigroup gave the stock Buy rating on July 15, 2024, issuing a price target of $170- $155. Morgan Stanley on their part issued Equal-Weight rating on May 17, 2024.

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