Baidu Inc ADR (NASDAQ: BIDU) is -29.42% 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 $84.46 in the last trading session, with the day’s loss setting it -0.4%.
Currently trading at $84.06, the stock is -6.85% and -10.13% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.4 million and changing -0.48% at the moment leaves the stock -13.03% off its SMA200. BIDU registered -23.27% loss for a year compared to 6-month loss of -25.34%. The firm has a 50-day simple moving average (SMA 50) of $93.532 and a 200-day simple moving average (SMA200) of $96.6501.
The stock witnessed a -11.77% gain in the last 1 month and extending the period to 3 months gives it a -5.52%, and is -10.13% 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 2.18% over the week and 2.04% over the month.
Baidu Inc ADR (BIDU) has around 39800 employees, a market worth around $24.55B and $18.66B in sales. Current P/E ratio is 11.00 and Fwd P/E is 7.64. Profit margin for the company is 14.46%. Distance from 52-week low is 5.49% and -33.41% 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 -4.70% this year
The shares outstanding are 292.07M, and float is at 292.06M with Short Float at 2.34%.
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.
