Growth Story Still Intact For Baidu Inc ADR (BIDU)

Baidu Inc ADR (BIDU) concluded trading on Thursday at a closing price of $81.63, with 8.34 million shares of worth about $681.16 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -19.52% during that period and on November 21, 2024 the price saw a loss of about -5.90%. 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 -2.89% in past 5 days and over the past one month there was a price change of -9.25%. Year-to-date (YTD), BIDU shares are showing a performance of -31.46% which decreased to -28.03% 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 $126.23 during that period. The average intraday trading volume for Baidu Inc ADR shares is 3.95 million. The stock is currently trading -7.85% below its 20-day simple moving average (SMA20), while that difference is down -12.94% for SMA50 and it goes to -15.10% 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 24.77% of that.

The stock has a current market capitalization of $23.84B and its 3Y-monthly beta is at 0.47. PE ratio of stock for trailing 12 months is 10.68, while it has posted earnings per share of $7.64 in the same period. Its PEG reads 1.65 and has Quick Ratio of 2.32 while making debt-to-equity ratio of 0.30. 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 1.72% while standing at 1.92% over the month.

Stock’s fiscal year EPS is expected to drop by -5.24% while it is estimated to increase by 3.01% in next year. EPS is likely to grow at an annualized rate of 6.48% 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 HSBC Securities on September 24, 2024 offering a Hold rating for the stock and assigned a target price of $100 to it. Coverage by Bernstein stated Baidu Inc ADR (BIDU) stock as a Mkt perform in their note to investors on August 23, 2024, suggesting a price target of $97 for the stock. On July 15, 2024, Jefferies Reiterated their recommendations, while on July 15, 2024, Citigroup Reiterated their ratings for the stock with a price target of $155. Stock get an Equal-weight rating from Morgan Stanley on May 17, 2024.

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