Baidu Inc ADR (NASDAQ: BIDU) is -8.88% lower on its value in year-to-date trading and has touched a low of $74.71 and a high of $116.25 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 $88.44 in the last trading session, with the day’s loss setting it -1.51%.
Currently trading at $86.93, the stock is 0.26% and -0.04% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.4 million and changing -1.71% at the moment leaves the stock -2.73% off its SMA200. BIDU registered 3.11% gain for a year compared to 6-month gain of 5.23%. The firm has a 50-day simple moving average (SMA 50) of $86.9652 and a 200-day simple moving average (SMA200) of $89.3654.
The stock witnessed a -0.64% loss in the last 1 month and extending the period to 3 months gives it a 7.87%, and is 0.67% 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 2.13% over the week and 1.57% over the month.
Baidu Inc ADR (BIDU) has around 41300 employees, a market worth around $24.33B and $18.57B in sales. Current P/E ratio is 8.62 and Fwd P/E is 8.31. Profit margin for the company is 18.97%. Distance from 52-week low is 16.36% and -25.22% from its 52-week high. The company has generated returns on investments over the last 12 months (7.30%).
The EPS is expected to shrink by -11.79% this year.
Baidu Inc ADR (BIDU) Top Institutional Holders
698.0 institutions hold shares in Baidu Inc ADR (BIDU), with institutional investors hold 29.38% of the company’s shares. The shares outstanding are 279.90M, and float is at 279.88M with Short Float at 2.56%. Institutions hold 28.35% of the Float.
The top institutional shareholder in the company is MORGAN STANLEY with over 2.54 million shares valued at $219.6 million. The investor’s holdings represent 0.6959% of the BIDU Shares outstanding. As of 2024-06-30, the second largest holder is PRIMECAP MANAGEMENT CO/CA/ with 11.95 million shares valued at $1.03 billion to account for 0.4267 of the shares outstanding. The other top investors are DODGE & COX which holds 5.88 million shares representing 0.2101% and valued at over $508.78 million, while BLACK CREEK INVESTMENT MANAGEMENT INC. holds 0.1064 of the shares totaling 2.98 million with a market value of $257.69 million.
