How Will Baidu Inc ADR (NASDAQ: BIDU)’s Current Price Volatility Affect Its Future Potential?

In the latest trading session, 2.95 million Baidu Inc ADR (NASDAQ:BIDU) shares changed hands as the company’s beta touched 0.73. With the company’s most recent per share price at $113.48 changing hands around $2.19 or 1.97% at last look, the market valuation stands at $31.37B. BIDU’s current price is a discount, trading about -41.77% off its 52-week high of $160.88. The share price had its 52-week low at $91.88, which suggests the last value was 19.03% up since then. When we look at Baidu Inc ADR’s average trading volume, we note the 10-day average is 2.49 million shares, with the 3-month average coming to 2.22 million.

Analysts gave the Baidu Inc ADR (BIDU) stock a consensus recommendation rating of a Buy, calculated at a mean rating of 1.44. If we narrow down to specifics, the data shows that 1 out of 50 analysts rate the stock as a Sell, with a further 8 assigning it an Overweight rating. Of the remaining, 5 recommended BIDU as a Hold, 36 felt it is a Buy and 0 rated the stock as Underweight. Baidu Inc ADR’s EPS for the current quarter is expected to be $2.32.

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Baidu Inc ADR (NASDAQ:BIDU) trade information

Instantly BIDU is in green as seen in intraday trades today. With action 3.60%, the performance over the past five days has been green. The jump to weekly highs of 116.07 on Monday, 11/20/23 added 1.97% to the stock’s daily price. The company’s shares are showing year-to-date downside of -0.79%, with the 5-day performance at 3.60% in the green. However, in the 30-day time frame, Baidu Inc ADR (NASDAQ:BIDU) is 5.66% up. Looking at the short shares, we see there were 3.95 million shares sold at short interest cover period of 2.68 days.

The consensus price target for the stock as assigned by Wall Street analysts is $1256.60, meaning bulls need an upside of 90.97% from its recent market value. According to analyst projections, BIDU’s forecast low is $814.51 with $1661.20 as the target high. To hit the forecast high, the stock’s price needs a -1363.87% plunge from its current level, while the stock would need to soar -617.76% for it to hit the projected low.

Baidu Inc ADR (BIDU) estimates and forecasts

Data shows that the Baidu Inc ADR share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -6.65% over the past 6 months, a 23.77% in annual growth rate that is considerably higher than the industry average of 19.60%. Moreover, analysts have looked to lower expectations by upgrading its fiscal year 2023 revenue estimates. The rating firms predict current quarter revenue for Baidu Inc ADR will fall -6.80%, while the growth in revenue is estimated to hit 8.10% for the next quarter. Year-over-year growth is forecast to reach 5.50% up from the last financial year.

Consensus estimates given by 19 financial analysts project the company’s revenue in the current quarter to hit an average of $4.79 billion. 16 analysts are of the opinion that Baidu Inc ADR’s revenue for the quarter ending Dec 2023 will be $5.06 billion. The company’s revenue for the corresponding quarters a year ago was $4.8 billion and $4.8 billion respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -0.10%. The estimates for the next quarter sales put growth at 5.50%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -17.70%. The 2023 estimates are for Baidu Inc ADR earnings to increase by 21.43%, but the outlook for the next 5-year period is at 12.81% per year.

BIDU Dividends

Baidu Inc ADR is expected to release its next quarterly earnings report on November 21.

Baidu Inc ADR (NASDAQ:BIDU)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 0.42% of Baidu Inc ADR shares while 26.51% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 26.62%. There are 26.51% institutions holding the Baidu Inc ADR stock share, with Primecap Management Company the top institutional holder. As of Jun 29, 2023, the company held 3.28% of the shares, roughly 9.29 million BIDU shares worth $1.27 billion.

Morgan Stanley holds the second largest percentage of outstanding shares, with 1.16% or 3.28 million shares worth $449.55 million as of Jun 29, 2023.

Among Mutual Funds, the top two as of Jun 29, 2023 were Vanguard/Primecap Fund and Dodge & Cox International Stock Fund. With 5.32 million shares estimated at $728.76 million under it, the former controlled 1.88% of total outstanding shares. On the other hand, Dodge & Cox International Stock Fund held about 0.83% of the shares, roughly 2.35 million shares worth around $321.57 million.

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