BIDU Stock Forecast: All the More Reason to Consider Baidu Inc ADR (BIDU) Now

Baidu Inc ADR (NASDAQ: BIDU) is -29.40% lower on its value in year-to-date trading and has touched a low of $79.68 and a high of $139.32 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 $83.65 in the last trading session, with the day’s gains setting it 0.43%.

Currently trading at $84.08, the stock is -0.80% and -3.84% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.61 million and changing 0.51% at the moment leaves the stock -16.36% off its SMA200. BIDU registered -38.65% loss for a year compared to 6-month loss of -19.04%.

The stock witnessed a -2.44% gain in the last 1 month and extending the period to 3 months gives it a -8.60%, and is 3.00% 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 1.58% over the week and 1.99% over the month.

Baidu Inc ADR (BIDU) has around 39800 employees, a market worth around $24.56B and $18.66B in sales. Current P/E ratio is 11.00 and Fwd P/E is 7.27. Profit margin for the company is 14.46%. Distance from 52-week low is 5.52% and -39.65% from its 52-week high. The company has generated returns on investments over the last 12 months (6.35%).

The EPS is expected to shrink by -2.32% this year.

Baidu Inc ADR (BIDU) Top Institutional Holders

The shares outstanding are 292.07M, and float is at 292.06M with Short Float at 2.98%.

The top institutional shareholder in the company is PRIMECAP MANAGEMENT CO/CA/ with over 11.95 million shares valued at $1.03 billion. The investor’s holdings represent 0.4261% of the BIDU Shares outstanding. As of 2024-06-30, the second largest holder is DODGE & COX with 5.88 million shares valued at $508.78 million to account for 0.2098 of the shares outstanding. The other top investors are BLACK CREEK INVESTMENT MANAGEMENT INC. which holds 2.98 million shares representing 0.1063% and valued at over $257.69 million, while SANDERS CAPITAL, LLC holds 0.0923 of the shares totaling 2.59 million with a market value of $223.76 million.