Baidu Inc. (NASDAQ: BIDU) is -5.67% lower on its value in year-to-date trading and has touched a low of $82.00 and a high of $227.58 in the current 52-week trading range. The BIDU stock was last observed hovering at around $203.97 in the last trading session, with the day’s gains setting it 4.36% off its average median price target of $1190.28 for the next 12 months. It is also 88.28% off the consensus price target high of $1777.43 offered by 38 analysts, but current levels are 78.74% higher than the price target low of $979.84 for the same period.
Even if you’re not actively in crypto, you deserve to know what’s actually going on...
Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.
Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free. .
Currently trading at $208.33, the stock is 10.66% and 31.06% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.7 million and changing 2.14% at the moment leaves the stock 64.02% off its SMA200. BIDU registered 49.21% gain for a year compared to 6-month gain of 56.13%. The firm has a 50-day simple moving average (SMA 50) of $169.04 and a 200-day simple moving average (SMA200) of $137.14.
The stock witnessed a 41.58% loss in the last 1 month and extending the period to 3 months gives it a 63.40%, and is 4.56% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.28% over the week and 5.36% over the month.
Baidu Inc. (BIDU) has around 37779 employees, a market worth around $70.66B and $16.21B in sales. Current P/E ratio is 18.90 and Fwd P/E is 19.53. Profit margin for the company is 22.30%. Distance from 52-week low is 154.06% and -8.46% from its 52-week high. The company has generated returns on investments over the last 12 months (2.20%).
Baidu Inc. (BIDU) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Baidu Inc. (BIDU) is a “Overweight”. 38 analysts offering their recommendations for the stock have an average rating of 2.10, where 9 rate it as a Hold and 3 think it is a “Overweight”. 26 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Baidu Inc. is expected to release its quarterly report on 04/29/2021 and quarterly earnings per share for the current quarter are estimated at $2.67 with sales reaching $4.65B over the same period.The EPS is expected to shrink by -91.30% this year, but quarterly earnings will post 7.90% year-over-year. Quarterly sales are estimated to grow 12.70% in year-over-year returns.
Baidu Inc. (BIDU) Top Institutional Holders
1,004 institutions hold shares in Baidu Inc. (BIDU), with 839.37k shares held by insiders accounting for 0.25% while institutional investors hold 69.08% of the company’s shares. The shares outstanding are 339.83M, and float is at 266.87M with Short Float at 3.65%. Institutions hold 68.91% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 12.54 million shares valued at $1.59 billion. The investor’s holdings represent 4.60% of the BIDU Shares outstanding. As of Sep 29, 2020, the second largest holder is Renaissance Technologies, LLC with 10.55 million shares valued at $1.33 billion to account for 3.87% of the shares outstanding. The other top investors are Vanguard Group, Inc. (The) which holds 9.6 million shares representing 3.52% and valued at over $1.21 billion, while Primecap Management Company holds 3.44% of the shares totaling 9.37 million with a market value of $1.19 billion.
Baidu Inc. (BIDU): Who are the competitors?
The company’s main competitors (and peers) include Blucora Inc. (BCOR) that is trading -38.20% down over the past 12 months. Alphabet Inc. (GOOGL) is 23.49% up on the 1-year trading charts. Short interest in the company’s stock has risen 28.62% from the last report on Nov 12, 2020 to stand at a total of 6.96 million short shares sold with a short interest ratio of 1.85.