In recent trading session, Baidu Inc ADR (NASDAQ:BIDU) saw 3.33 million shares changing hands at last check today with its beta currently measuring 0.67. Company’s recent per share price level of $101.56 trading at -$0.14 or -0.14% at last check today assigns it a market valuation of $29.66B. That most recent trading price of BIDU’s stock is at a discount of -58.06% from its 52-week high price of $160.53 and is indicating a premium of 4.9% from its 52-week low price of $96.58. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 2.78 million shares which gives us an average trading volume of 3.29 million if we extend that period to 3-months.
Baidu Inc ADR (NASDAQ:BIDU) trade information
Upright in the red during last session for losing -0.14%, in the last five days BIDU remained trading in the red while hitting it’s week-highest on Friday, 03/22/24 when the stock touched $101.56 price level, adding 3.92% to its value on the day. Baidu Inc ADR’s shares saw a change of -14.72% in year-to-date performance and have moved -2.21% in past 5-day. Baidu Inc ADR (NASDAQ:BIDU) showed a performance of -8.17% in past 30-days. Number of shares sold short was 5.29 million shares which calculate 1.85 days to cover the short interests.
Baidu Inc ADR (BIDU) estimates and forecasts
Statistics highlight that Baidu Inc ADR is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -20.66% of value to its shares in past 6 months, showing an annual growth rate of 13.70% while that of industry is 25.00. Apart from that, the company came raising its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to increase by 5.80% in the current quarter and calculating -6.50% decrease in the next quarter. This year revenue growth is estimated to rise 7.80% from the last financial year’s standing.
12 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $4.47 billion for the same. And 11 analysts are in estimates of company making revenue of $5.02 billion in the next quarter that will end on Jun 2024. Company posted $4.36 billion and $4.64 billion of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 2.50% while estimating it to be 8.30% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -8.12% during past 5 years. In 2024, company’s earnings growth rate is likely to be around -1.87% while estimates for its earnings growth in next 5 years are of 14.30%.
BIDU Dividends
Baidu Inc ADR is more likely to be releasing its next quarterly report between May 14 and May 20 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Baidu Inc ADR (NASDAQ:BIDU)’s Major holders
Insiders are in possession of 0.45% of company’s total shares while institution are holding 24.65 percent of that, with stock having share float percentage of 24.76%. Investors also watch the number of corporate investors in a company very closely, which is 24.65% institutions for Baidu Inc ADR that are currently holding shares of the company. Primecap Management Company is the top institutional holder at BIDU for having 9.28 million shares of worth $944.59 million. And as of Dec 30, 2023, it was holding 3.29% of the company’s outstanding shares.
The second largest institutional holder is Morgan Stanley, which was holding about 3.94 million shares on Dec 30, 2023. The number of shares represents firm’s hold over 1.40% of outstanding shares, having a total worth of $400.56 million.
On the other hand, Vanguard/Primecap Fund and Dodge & Cox International Stock Fund are the top two Mutual Funds which own company’s shares. As of Dec 30, 2023, the former fund manager was holding 5.35 million shares of worth $544.18 million or 1.90% of the total outstanding shares. The later fund manager was in possession of 2.35 million shares on Sep 29, 2023, making its stake of worth around $239.0 million in the company or a holder of 0.83% of company’s stock.
