Baidu Inc ADR (BIDU) Analysis & Forecast for 2024

Baidu Inc ADR (NASDAQ: BIDU) is -24.60% lower on its value in year-to-date trading and has touched a low of $79.68 and a high of $126.23 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 $89.48 in the last trading session, with the day’s gains setting it 0.31%.

Currently trading at $89.79, the stock is -10.68% and -2.78% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.63 million and changing 0.35% at the moment leaves the stock -8.21% off its SMA200. BIDU registered -16.85% loss for a year compared to 6-month gain of -10.67%. The firm has a 50-day simple moving average (SMA 50) of $92.3572 and a 200-day simple moving average (SMA200) of $97.8203.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

The stock witnessed a -12.45% loss in the last 1 month and extending the period to 3 months gives it a -0.78%, and is -4.87% down 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 2.06% over the week and 3.09% over the month.

Baidu Inc ADR (BIDU) has around 39800 employees, a market worth around $26.22B and $18.66B in sales. Current P/E ratio is 11.75 and Fwd P/E is 7.96. Profit margin for the company is 14.46%. Distance from 52-week low is 12.69% and -28.87% from its 52-week high. The company has generated returns on investments over the last 12 months (6.35%).

with sales reaching $4.73B over the same period.The EPS is expected to shrink by -3.90% this year, but quarterly earnings will post 0.00% year-over-year. Quarterly sales are estimated to shrink -2.10% in year-over-year returns.

Baidu Inc ADR (BIDU) Top Institutional Holders

The shares outstanding are 292.07M, and float is at 292.06M with Short Float at 2.40%.

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.