Baidu Inc ADR (NASDAQ: BIDU) is -23.74% lower on its value in year-to-date trading and has touched a low of $78.95 and a high of $120.25 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 $90.32 in the last trading session, with the day’s gains setting it 0.5%.
Currently trading at $90.82, the stock is 5.43% and -0.22% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.42 million and changing 0.55% at the moment leaves the stock -4.03% off its SMA200. BIDU registered -19.17% loss for a year compared to 6-month loss of -1.27%. The firm has a 50-day simple moving average (SMA 50) of $91.0194 and a 200-day simple moving average (SMA200) of $94.6316.
The stock witnessed a 7.53% gain in the last 1 month and extending the period to 3 months gives it a 8.02%, and is 5.08% 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 2.77% over the week and 2.07% over the month.
Baidu Inc ADR (BIDU) has around 39800 employees, a market worth around $26.53B and $18.59B in sales. Current P/E ratio is 11.21 and Fwd P/E is 8.95. Profit margin for the company is 15.28%. Distance from 52-week low is 15.03% and -24.47% from its 52-week high. The company has generated returns on investments over the last 12 months (6.34%).
with sales reaching $33.56B over the same period.The EPS is expected to shrink by -7.39% this year, but quarterly earnings will post -1.41% year-over-year. Quarterly sales are estimated to shrink -3.99% in year-over-year returns.
Baidu Inc ADR (BIDU) Top Institutional Holders
The shares outstanding are 292.07M, and float is at 292.07M 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.
Baidu Inc ADR (BIDU) Insider Activity
#####
Still, SEC filings show that on Oct 01 ’24, MELISSA DONGMIN MA (Other: Affiliate) Proposed Sale 395,000 shares at an average price of $105.29 for $41.59 million. The insider now directly holds shares of Baidu Inc ADR (BIDU).
