Baidu Inc ADR (NASDAQ: BIDU) is -27.16% 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 $86.02 in the last trading session, with the day’s gains setting it 0.73%.
Currently trading at $86.75, the stock is -2.50% and -7.53% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.63 million and changing 0.85% at the moment leaves the stock -9.89% off its SMA200. BIDU registered -22.05% loss for a year compared to 6-month loss of -15.29%. The firm has a 50-day simple moving average (SMA 50) of $93.8146 and a 200-day simple moving average (SMA200) of $96.26925.
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The stock witnessed a -5.69% gain in the last 1 month and extending the period to 3 months gives it a 1.12%, and is 2.71% 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 1.41% over the week and 1.87% over the month.
Baidu Inc ADR (BIDU) has around 39800 employees, a market worth around $25.34B and $18.66B in sales. Current P/E ratio is 11.35 and Fwd P/E is 7.90. Profit margin for the company is 14.46%. Distance from 52-week low is 8.87% and -31.28% 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 -4.71% 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.
