Baidu Inc ADR (NASDAQ: BIDU) is -1.10% lower on its value in year-to-date trading and has touched a low of $78.95 and a high of $119.75 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 $83.93 in the last trading session, with the day’s loss setting it -0.55%.
Currently trading at $83.38, the stock is -4.55% and -4.55% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.62 million and changing -0.66% at the moment leaves the stock -10.82% off its SMA200. BIDU registered -29.53% loss for a year compared to 6-month loss of -5.20%. The firm has a 50-day simple moving average (SMA 50) of $87.485 and a 200-day simple moving average (SMA200) of $93.6029.
The stock witnessed a -1.54% gain in the last 1 month and extending the period to 3 months gives it a -24.52%, and is -3.72% 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 2.09% over the week and 2.23% over the month.
Baidu Inc ADR (BIDU) has around 39800 employees, a market worth around $23.34B and $18.59B in sales. Current P/E ratio is 10.29 and Fwd P/E is 8.29. Profit margin for the company is 15.28%. Distance from 52-week low is 5.61% and -30.37% from its 52-week high. The company has generated returns on investments over the last 12 months (6.34%).
with sales reaching $33.58B over the same period.The EPS is expected to shrink by -7.55% this year, but quarterly earnings will post -1.39% year-over-year. Quarterly sales are estimated to shrink -3.94% in year-over-year returns.
Baidu Inc ADR (BIDU) Top Institutional Holders
The shares outstanding are 285.05M, and float is at 279.90M with Short Float at 2.92%.
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 JPMORGAN CHASE & CO with 0.99 million shares valued at $$85.49 million to account for 0.2709 of the shares outstanding. The other top investors are DODGE & COX which holds 5.88 million shares representing 0.2098% and valued at over $508.78 million, while BLACK CREEK INVESTMENT MANAGEMENT INC. holds 0.1063 of the shares totaling 2.98 million with a market value of $257.69 million.
Baidu Inc ADR (BIDU) Insider Activity
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Still, SEC filings show that on Nov 22 ’24, Callinicos Brent (Director) Proposed Sale 4,900 shares at an average price of $81.63 for $0.4 million. The insider now directly holds shares of Baidu Inc ADR (BIDU).
