In today’s recent session, 1.32 million shares of the Baidu Inc ADR (NASDAQ:BIDU) have been traded, and its beta is 0.69. Most recently the company’s share price was $98.63, and it changed around $0.4 or 0.41% from the last close, which brings the market valuation of the company to $28.81B. BIDU at last check was trading at a discount to its 52-week high of $156.98, offering almost -59.16% off that amount. The share price’s 52-week low was $94.25, which indicates that the recent value has risen by an impressive 4.44% since then. We note from Baidu Inc ADR’s average daily trading volume that its 3-month average coming to 3.25 million.
Baidu Inc ADR stock received a consensus recommendation rating of Hold, based on a mean score of 1.29. If we narrow it down even further, the data shows that 1 out of 33 analysts rate the stock as a Sell; another 8 rate it as Overweight. Among the rest, 12 recommended BIDU as a Hold, whereas 11 deemed it a Buy, and 1 rated it as Underweight. Baidu Inc ADR is expected to report earnings per share of $2.23 for the current quarter.
Baidu Inc ADR (NASDAQ:BIDU) trade information
Instantly BIDU has been showing a green trend so far today with a performance of 0.41% on intraday trading today. The performance over the last five days has remained in the green territory. The company’s shares are currently down -17.18% year-to-date, but still up 4.47% over the last five days. On the other hand, Baidu Inc ADR (NASDAQ:BIDU) is -6.65% down in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $222.32, which translates to bulls needing to increase their stock price by 55.64% from its current value. Analyst projections state that BIDU is forecast to be at a low of $140 and a high of $350.
Baidu Inc ADR (BIDU) estimates and forecasts
Baidu Inc ADR share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -8.17 percent over the past six months and at a 1.84% annual growth rate that is well below the industry average of 15.20%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -0.90% in revenue this quarter, and will report a decrease of -10.70% in the next quarter. The year-over-year growth rate is expected to be 6.70%, up from the previous year.
Consensus estimates provided by 14 financial analysts predict the company will bring in an average of $4.35 billion in revenue for the current quarter. 12 analysts expect Baidu Inc ADR to make $4.93 billion in revenue for the quarter ending Jun 2024. The company’s sales for the same quarters a year ago were $4.36 billion and $4.64 billion respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -0.20%. Forecasts for the next quarter put sales growth at 6.40%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -8.12%. Baidu Inc ADR earnings are expected to increase by -3.22% in 2024, but the outlook is positive 9.45% per year for the next five years.
