Baidu Inc ADR (NASDAQ: BIDU) is -2.86% 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 $84.39 in the last trading session, with the day’s loss setting it -2.49%.
Currently trading at $81.90, the stock is -6.47% and -6.79% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.34 million and changing -2.95% at the moment leaves the stock -8.14% off its SMA200. BIDU registered -17.90% loss for a year compared to 6-month gain of -0.93%. The firm has a 50-day simple moving average (SMA 50) of $87.8642 and a 200-day simple moving average (SMA200) of $89.1544.
The stock witnessed a -6.74% loss in the last 1 month and extending the period to 3 months gives it a -5.26%, and is -2.58% 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 1.87% over the week and 2.37% over the month.
Baidu Inc ADR (BIDU) has around 41300 employees, a market worth around $22.92B and $18.57B in sales. Current P/E ratio is 8.12 and Fwd P/E is 7.82. Profit margin for the company is 18.97%. Distance from 52-week low is 9.62% and -29.55% from its 52-week high. The company has generated returns on investments over the last 12 months (7.30%).
with sales reaching $33.58B over the same period.The EPS is expected to shrink by -11.39% this year, but quarterly earnings will post 1.83% year-over-year. Quarterly sales are estimated to shrink -1.02% in year-over-year returns.
Baidu Inc ADR (BIDU) Top Institutional Holders
706.0 institutions hold shares in Baidu Inc ADR (BIDU), with institutional investors hold 29.28% of the company’s shares. The shares outstanding are 279.90M, and float is at 279.88M with Short Float at 3.01%. Institutions hold 28.25% 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.
Baidu Inc ADR (BIDU) Insider Activity
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Still, SEC filings show that on Jan 02 ’25, MELISSA DONGMIN MA (Other: Affiliate) Proposed Sale 500,000 shares at an average price of $84.31 for $42.16 million. The insider now directly holds shares of Baidu Inc ADR (BIDU).
