Baidu Inc ADR (NASDAQ:BIDU) has a beta value of 0.49 and has seen 6.82 million shares traded in the last trading session. The company, currently valued at $28.95B, closed the last trade at $99.11 per share which meant it lost -$4.69 on the day or -4.52% during that session. The BIDU stock price is -35.24% off its 52-week high price of $134.04 and 19.6% above the 52-week low of $79.68. If we look at the company’s 10-day average daily trading volume, we find that it stood at 6.66 million shares traded. The 3-month trading volume is 3.86 million shares.
The consensus among analysts is that Baidu Inc ADR (BIDU) is Buy stock at the moment, with a recommendation rating of 1.60. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 7 out of 24 have rated it as a Hold, with 17 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 2.67.
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Baidu Inc ADR (NASDAQ:BIDU) trade information
Sporting -4.52% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the BIDU stock price touched $99.11 or saw a rise of 8.08%. Year-to-date, Baidu Inc ADR shares have moved -16.78%, while the 5-day performance has seen it change -13.42%. Over the past 30 days, the shares of Baidu Inc ADR (NASDAQ:BIDU) have changed 18.48%. Short interest in the company has seen 7.01 million shares shorted with days to cover at 1.92.
Wall Street analysts have a consensus price target for the stock at $160, which means that the shares’ value could jump 38.06% from current levels. The projected low price target is $97.0 while the price target rests at a high of $350.0. In that case, then, we find that the current price level is -253.14% off the targeted high while a plunge would see the stock lose 2.13% from current levels.
Baidu Inc ADR (BIDU) estimates and forecasts
Figures show that Baidu Inc ADR shares have underperformed across the wider relevant industry. The company’s shares have gained 3.01% over the past 6 months, with this year growth rate of -1.93%, compared to 4.80% for the industry. Revenue growth from the last financial year stood is estimated to be 1.30%.
18 analysts offering their estimates for the company have set an average revenue estimate of 4.79B for the current quarter. 17 have an estimated revenue figure of 5.03B for the next ending quarter. Year-ago sales stood 4.83B and 4.92B respectively for this quarter and the next, and analysts expect sales will shrink by -0.80% for the current quarter and 1.30% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -8.12% over the past 5 years. Earnings growth for 2024 is a modest -2.18% while over the next 5 years, the company’s earnings are expected to increase by 8.93%.
BIDU Dividends
Baidu Inc ADR is expected to release its next earnings report in November this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Baidu Inc ADR (NASDAQ:BIDU)’s Major holders
The top two institutional holders are PRIMECAP MANAGEMENT CO/CA/ with over 11.95 million shares worth more than $1.03 billion. As of 2024-06-30, PRIMECAP MANAGEMENT CO/CA/ held 0.4261% of shares outstanding.
The other major institutional holder is DODGE & COX, with the holding of over 5.88 million shares as of 2024-06-30. The firm’s total holdings are worth over $508.78 million and represent 0.2098% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard/Primecap Fund and Dodge & Cox International Stock Fund . As of Jun 30, 2024 , the former fund manager holds about 2.39% shares in the company for having 6.8 shares of worth $674.22 million while later fund manager owns 3.76 shares of worth $372.51 million as of Jun 30, 2024 , which makes it owner of about 1.32% of company’s outstanding stock.
