In the last trading session, 2.63 million shares of the Baidu Inc ADR (NASDAQ:BIDU) were traded, and its beta was 0.49. Most recently the company’s share price was $89.79, and it changed around $0.31 or 0.35% from the last close, which brings the market valuation of the company to $26.22B. BIDU currently trades at a discount to its 52-week high of $126.23, offering almost -40.58% off that amount. The share price’s 52-week low was $79.68, which indicates that the current value has risen by an impressive 11.26% since then. We note from Baidu Inc ADR’s average daily trading volume that its 10-day average is 4.48 million shares, with the 3-month average coming to 3.91 million.
Baidu Inc ADR stock received a consensus recommendation rating of Hold, based on a mean score of 1.59. 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 2.5 for the current quarter.
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Baidu Inc ADR (NASDAQ:BIDU) trade information
Instantly BIDU has showed a green trend with a performance of 0.35% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 93.36 on recent trading dayincreased the stock’s daily price by 3.82%. The company’s shares are currently down -24.60% year-to-date, but still down -4.87% over the last five days. On the other hand, Baidu Inc ADR (NASDAQ:BIDU) is -12.45% down in the 30-day period. We can see from the shorts that 7.0 million shares have been sold at a short interest cover period of 1.15 day(s).
The consensus price target as assigned by Wall Street analysts is $160, which translates to bulls needing to increase their stock price by 43.88% from its current value. Analyst projections state that BIDU is forecast to be at a low of $97 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 -10.67 percent over the past six months and at a -8.96% annual growth rate that is well below the industry average of 5.40%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -12.60% in revenue this quarter, and will report a decrease of -16.20% in the next quarter.
Consensus estimates provided by 20 financial analysts predict the company will bring in an average of 4.73B in revenue for the current quarter. 17 analysts expect Baidu Inc ADR to make 4.95B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 4.83B and 4.92B respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -2.10%. Forecasts for the next quarter put sales growth at 0.60%.
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 -3.90% in 2024, but the outlook is positive 7.15% per year for the next five years.
BIDU Dividends
Baidu Inc ADR’s next quarterly earnings report is expected to be released in November.
DODGE & COX, with 0.2098% or 5.88 million shares worth $508.78 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
