In the latest trading session, 5.11 million Baidu Inc ADR (NASDAQ:BIDU) shares changed hands as the company’s beta touched 0.48. With the company’s most recent per share price at $112.92 changing hands around $2.64 or 2.39% at last look, the market valuation stands at $32.98B. BIDU’s current price is a discount, trading about -20.31% off its 52-week high of $135.85. The share price had its 52-week low at $79.68, which suggests the last value was 29.44% up since then. When we look at Baidu Inc ADR’s average trading volume, we note the 10-day average is 6.23 million shares, with the 3-month average coming to 3.81 million.
Analysts gave the Baidu Inc ADR (BIDU) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.53. If we narrow down to specifics, the data shows that 0 out of 24 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 7 recommended BIDU as a Hold, 17 felt it is a Buy and 0 rated the stock as Underweight.
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Baidu Inc ADR (NASDAQ:BIDU) trade information
Instantly BIDU is in green as seen in intraday trades today. With action 20.11%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -5.18%, with the 5-day performance at 20.11% in the green. However, in the 30-day time frame, Baidu Inc ADR (NASDAQ:BIDU) is 35.38% up. Looking at the short shares, we see there were 8.73 million shares sold at short interest cover period of 3.49 days.
The consensus price target for the stock as assigned by Wall Street analysts is 160, meaning bulls need an upside of 29.43% from its recent market value. According to analyst projections, BIDU’s forecast low is 97 with 350 as the target high. To hit the forecast high, the stock’s price needs a -209.95% plunge from its current level, while the stock would need to tank 14.1% for it to hit the projected low.
Baidu Inc ADR (BIDU) estimates and forecasts
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -8.12%. The 2024 estimates are for Baidu Inc ADR earnings to decrease by -2.00%, but the outlook for the next 5-year period is at 6.88% per year.
Baidu Inc ADR (NASDAQ:BIDU)’s Major holders
DODGE & COX holds the second largest percentage of outstanding shares, with 0.2098% or 5.88 million shares worth $508.78 million as of 2024-06-30.
