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What should you know before buying stock in Baidu Inc ADR (BIDU)

Baidu Inc ADR (NASDAQ: BIDU) is -8.94% lower on its value in year-to-date trading and has touched a low of $96.58 and a high of $158.80 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The BIDU stock was last observed hovering at around $105.28 in the last trading session, with the day’s gains setting it 3.16%.

Currently trading at $108.44, the stock is 5.40% and 3.42% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.97 million and changing 3.00% at the moment leaves the stock -11.31% off its SMA200. BIDU registered -31.35% loss for a year compared to 6-month loss of -18.13%. The firm has a 50-day simple moving average (SMA 50) of $0.16 and a 200-day simple moving average (SMA200) of $0.43.

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The stock witnessed a 7.02% gain in the last 1 month and extending the period to 3 months gives it a -7.96%, and is 6.13% 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 2.78% over the week and 2.41% over the month.

Baidu Inc ADR (BIDU) has around 39800 employees, a market worth around $31.67B and $18.99B in sales. Current P/E ratio is 13.86 and Fwd P/E is 9.01. Profit margin for the company is 14.62%. Distance from 52-week low is 12.28% and -31.71% from its 52-week high. The company has generated returns on investments over the last 12 months (6.43%).

Baidu Inc ADR quarterly earnings per share for the current quarter are estimated at $2.41 with sales reaching $4.52B over the same period.The EPS is expected to shrink by -1.77% this year, but quarterly earnings will post 7.80% year-over-year. Quarterly sales are estimated to grow 3.70% in year-over-year returns.

Baidu Inc ADR (BIDU) Top Institutional Holders

775 institutions hold shares in Baidu Inc ADR (BIDU), with institutional investors hold 25.34% of the company’s shares. The shares outstanding are 292.07M, and float is at 292.05M with Short Float at 1.82%. Institutions hold 24.64% of the Float.

The top institutional shareholder in the company is Primecap Management Company with over 9.29 million shares valued at $1.27 billion. The investor’s holdings represent 3.28% of the BIDU Shares outstanding. As of Jun 29, 2023, the second largest holder is Morgan Stanley with 3.28 million shares valued at $449.55 million to account for 1.16% of the shares outstanding. The other top investors are Dodge & Cox Inc which holds 3.19 million shares representing 1.12% and valued at over $436.4 million, while ARGA Investment Management, LP holds 1.07% of the shares totaling 3.03 million with a market value of $414.6 million.

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