In recent trading session, Baidu Inc ADR (NASDAQ:BIDU) saw 4.49 million shares changing hands at last check today with its beta currently measuring 0.48. Company’s recent per share price level of $106.72 trading at $4.16 or 4.06% at last check today assigns it a market valuation of $31.17B. That most recent trading price of BIDU’s stock is at a discount of -27.93% from its 52-week high price of $136.53 and is indicating a premium of 25.34% from its 52-week low price of $79.68. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 4.27 million shares which gives us an average trading volume of 3.53 million if we extend that period to 3-months.
For Baidu Inc ADR (BIDU), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.53. Splitting up the data highlights that, out of 24 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 7 suggested the stock as a Hold whereas 17 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 2.69 in the current quarter.
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Baidu Inc ADR (NASDAQ:BIDU) trade information
Upright in the green today for gaining 4.06%, in the last five days BIDU remained trading in the green while hitting it’s week-highest on Friday, 09/27/24 when the stock touched $106.72 price level, adding 0.73% to its value on the day. Baidu Inc ADR’s shares saw a change of -10.39% in year-to-date performance and have moved 23.75% in past 5-day. Baidu Inc ADR (NASDAQ:BIDU) showed a performance of 29.58% in past 30-days. Number of shares sold short was 8.73 million shares which calculate 3.49 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 160 to the stock, which implies a rise of 33.3% to its recent value today. Analysts have been projecting 97 as a low price target for the stock while placing it at a high target of 350. It follows that stock’s current price would jump 9.11% in reaching the projected high whereas dropping to the targeted low would mean a gain of 9.11% for stock’s current value.
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 added 1.37% of value to its shares in past 6 months, showing an annual growth rate of -1.93% while that of industry is 8.40. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 1.80% from the last financial year’s standing.
18 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 4.83B for the same. And 17 analysts are in estimates of company making revenue of 5.02B in the next quarter. Company posted 4.83B and 4.92B of sales in current and next quarters respectively a year earlier.
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 -2.58% while estimates for its earnings growth in next 5 years are of 6.88%.
Baidu Inc ADR (NASDAQ:BIDU)’s Major holders
PRIMECAP MANAGEMENT CO/CA/ is the top institutional holder at BIDU for having 11.95 million shares of worth $1.03 billion. And as of 2024-06-30, it was holding 0.4261 of the company’s outstanding shares.
The second largest institutional holder is DODGE & COX, which was holding about 5.88 million shares on 2024-06-30. The number of shares represents firm’s hold over 0.2098 of outstanding shares, having a total worth of $508.78 million.
