Baidu Inc. [BIDU] moved up 0.60: Why It’s Important


Baidu Inc. [NASDAQ: BIDU] closed the trading session at $151.39 on 11/24/21. The day’s price range saw the stock hit a low of $146.89, while the highest price level was $151.58. The company report on November 24, 2021 that Baidu Apollo Wins Approval for Commercialized Autonomous Car Service on Open Roads in Beijing.

Baidu granted service permit for Beijing’s newly-launched pilot zone for autonomous driving commercial services, the first such zone in China.

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Baidu received the approval for commercial operation of its autonomous car service in Beijing on Thursday, as the company’s Apollo Go, known as Luobo Kuaipao in China, was authorized to provide paid service in China’s first-ever demonstration zone for commercial autonomous driving. With the service’s first-ever commercial deployment on open roads, Apollo Go marks a further step in its accelerating progress towards large-scale commercial operation.

The stocks have a year to date performance of -29.99 percent and weekly performance of -6.45 percent. The stock has been moved at -22.29 percent over the last six months. The stock has performed -10.33 percent around the most recent 30 days and changed -1.99 percent over the most recent 3-months.

If compared to the average trading volume of 4.06M shares, BIDU reached to a volume of 2646351 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Baidu Inc. [BIDU]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BIDU shares is $242.14 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BIDU stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Barclays have made an estimate for Baidu Inc. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on November 03, 2021. While these analysts kept the previous recommendation, Oppenheimer dropped their target price from $355 to $320. The new note on the price target was released on August 13, 2021, representing the official price target for Baidu Inc. stock. Previously, the target price had yet another drop from $332 to $270, while KeyBanc Capital Markets kept a Overweight rating on BIDU stock. On August 13, 2021, analysts decreased their price target for BIDU shares from 283 to 264.

The Average True Range (ATR) for Baidu Inc. is set at 5.75, with the Price to Sales ratio for BIDU stock in the period of the last 12 months amounting to 2.81. The Price to Book ratio for the last quarter was 1.59, with the Price to Cash per share for the same quarter was set at 81.33.

BIDU stock trade performance evaluation

Baidu Inc. [BIDU] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -6.45. With this latest performance, BIDU shares dropped by -10.33% in over the last four-week period, additionally sinking by -22.29% over the last 6 months – not to mention a rise of 12.67% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for BIDU stock in for the last two-week period is set at 39.80, with the RSI for the last a single of trading hit 36.30, and the three-weeks RSI is set at 42.33 for Baidu Inc. [BIDU]. The present Moving Average for the last 50 days of trading for this stock 161.70, while it was recorded at 151.16 for the last single week of trading, and 193.75 for the last 200 days.

Baidu Inc. [BIDU]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Baidu Inc. [BIDU] shares currently have an operating margin of +13.39 and a Gross Margin at +48.49. Baidu Inc.’s Net Margin is presently recorded at +20.91.

Return on Total Capital for BIDU is now 5.28, given the latest momentum, and Return on Invested Capital for the company is 9.07. Return on Equity for this stock inclined to 12.59, with Return on Assets sitting at 6.88. When it comes to the capital structure of this company, Baidu Inc. [BIDU] has a Total Debt to Total Equity ratio set at 47.23. Additionally, BIDU Total Debt to Total Capital is recorded at 32.08, with Total Debt to Total Assets ending up at 25.94. Long-Term Debt to Equity for the company is recorded at 37.35, with the Long-Term Debt to Total Capital now at 25.37.

Reflecting on the efficiency of the workforce at the company, Baidu Inc. [BIDU] managed to generate an average of $613,482 per employee. Receivables Turnover for the company is 9.06 with a Total Asset Turnover recorded at a value of 0.33.Baidu Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.90 and a Current Ratio set at 2.90.

Earnings per share (EPS) analysis for Baidu Inc. [BIDU] stock

With the latest financial reports released by the company, Baidu Inc. posted 3.08/share EPS, while the average EPS was predicted by analysts to be reported at 2.59/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 18.90%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for BIDU. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Baidu Inc. go to 10.79%.

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Baidu Inc. [BIDU]: Insider Ownership positions

There are presently around $23,724 million, or 58.20% of BIDU stock, in the hands of institutional investors. The top three institutional holders of BIDU stocks are: BLACKROCK INC. with ownership of 13,610,256, which is approximately 1.248% of the company’s market cap and around 15.60% of the total institutional ownership; VANGUARD GROUP INC, holding 9,834,728 shares of the stock with an approximate value of $1.49 billion in BIDU stocks shares; and PRIMECAP MANAGEMENT CO/CA/, currently with $1.45 billion in BIDU stock with ownership of nearly 0.778% of the company’s market capitalization.

Positions in Baidu Inc. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 292 institutional holders increased their position in Baidu Inc. [NASDAQ:BIDU] by around 23,565,399 shares. Additionally, 412 investors decreased positions by around 27,203,204 shares, while 130 investors held positions by with 105,937,135 shares. The mentioned changes placed institutional holdings at 156,705,738 shares, according to the latest SEC report filing. BIDU stock had 66 new institutional investments in for a total of 7,311,831 shares, while 166 institutional investors sold positions of 7,114,399 shares during the same period.