In the latest trading session, 1.93 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 $91.73 changed hands at -$2.66 or -2.82% at last look, the market valuation stands at $26.79B. BIDU’s current price is a discount, trading about -37.61% off its 52-week high of $126.23. The share price had its 52-week low at $79.68, which suggests the last value was 13.14% up since then. When we look at Baidu Inc ADR’s average trading volume, we note the 10-day average is 5.76 million shares, with the 3-month average coming to 3.85 million.
Analysts gave the Baidu Inc ADR (BIDU) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.60. 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. Baidu Inc ADR’s EPS for the current quarter is expected to be 2.66.
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Baidu Inc ADR (NASDAQ:BIDU) trade information
Instantly BIDU was in red as seen in intraday trades today. With action -7.45%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -22.97%, with the 5-day performance at -7.45% in the red. However, in the 30-day time frame, Baidu Inc ADR (NASDAQ:BIDU) is 6.37% up. Looking at the short shares, we see there were 7.01 million shares sold at short interest cover period of 1.92 days.
The consensus price target for the stock as assigned by Wall Street analysts is 160, meaning bulls need an upside of 42.67% 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 -281.55% plunge from its current level, while the stock would need to soar -5.75% for it to hit the projected low.
Baidu Inc ADR (BIDU) estimates and forecasts
Data shows that the Baidu Inc ADR share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -5.67% over the past 6 months, a -1.93% in annual growth rate that is considerably lower than the industry average of 4.80%. Year-over-year growth is forecast to reach 0.80% up from the last financial year.
Consensus estimates given by 18 financial analysts project the company’s revenue in the current quarter to hit an average of 4.77B. 17 analysts are of the opinion that Baidu Inc ADR’s revenue for the current quarter will be 5.01B. The company’s revenue for the corresponding quarters a year ago was 4.83B and 4.92B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -1.30%. The estimates for the next quarter sales put growth at 1.70%.
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 -2.67%, but the outlook for the next 5-year period is at 8.93% per year.
BIDU Dividends
Baidu Inc ADR is expected to release its next quarterly earnings report on 2024-Nov-19.
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.
