Baidu Inc. [BIDU] Revenue clocked in at $17.56 billion, down -21.42% YTD: What’s Next?

Baidu Inc. [NASDAQ: BIDU] price surged by 2.74 percent to reach at $3.12. The company report on November 29, 2022 that Baidu Announces Plan to Build the World’s Largest Fully Driverless Ride-Hailing Service Area in 2023.

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Baidu plans to establish the world’s largest fully driverless ride-hailing service area in 2023.

Baidu continues to show growth momentum as the world’s largest robotaxi service provider, reaching 1.4 million orders by Q3 2022.

A sum of 7111617 shares traded at recent session while its average daily volume was at 3.31M shares. Baidu Inc. shares reached a high of $121.48 and dropped to a low of $116.43 until finishing in the latest session at $116.92.

The one-year BIDU stock forecast points to a potential upside of 30.31. The average equity rating for BIDU stock is currently 1.90, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on 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 $167.78 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 1.90. 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.

UBS have made an estimate for Baidu Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on September 16, 2022. While these analysts kept the previous recommendation, JP Morgan raised their target price from $160 to $200. The new note on the price target was released on September 01, 2022, representing the official price target for Baidu Inc. stock. Previously, the target price had yet another raise to $188, while Macquarie analysts kept a Outperform rating on BIDU stock. On May 16, 2022, analysts increased their price target for BIDU shares from 90 to 125.

The Average True Range (ATR) for Baidu Inc. is set at 5.78, with the Price to Sales ratio for BIDU stock in the period of the last 12 months amounting to 2.20. The Price to Book ratio for the last quarter was 1.32, with the Price to Cash per share for the same quarter was set at 74.58. Price to Free Cash Flow for BIDU in the course of the last twelve months was 11.80 with Quick ratio for the last quarter at 2.50.

BIDU Stock Performance Analysis:

Baidu Inc. [BIDU] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 23.54. With this latest performance, BIDU shares gained by 49.61% in over the last four-week period, additionally sinking by -20.46% over the last 6 months – not to mention a drop of -14.90% 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 70.11, with the RSI for the last a single of trading hit 78.67, and the three-weeks RSI is set at 63.24 for Baidu Inc. [BIDU]. The present Moving Average for the last 50 days of trading for this stock 99.10, while it was recorded at 109.53 for the last single week of trading, and 127.49 for the last 200 days.

Insight into Baidu Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Baidu Inc. [BIDU] shares currently have an operating margin of +8.45 and a Gross Margin at +48.34. Baidu Inc.’s Net Margin is presently recorded at +7.93.

Return on Total Capital for BIDU is now 3.52, given the latest momentum, and Return on Invested Capital for the company is 3.66. Return on Equity for this stock inclined to 5.01, with Return on Assets sitting at 2.77. When it comes to the capital structure of this company, Baidu Inc. [BIDU] has a Total Debt to Total Equity ratio set at 44.76. Additionally, BIDU Total Debt to Total Capital is recorded at 30.92, with Total Debt to Total Assets ending up at 24.90. Long-Term Debt to Equity for the company is recorded at 36.47, with the Long-Term Debt to Total Capital now at 25.19.

Reflecting on the efficiency of the workforce at the company, Baidu Inc. [BIDU] managed to generate an average of $261,597 per employee. Receivables Turnover for the company is 9.41 with a Total Asset Turnover recorded at a value of 0.35.Baidu Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.50 and a Current Ratio set at 2.50.

BIDU Stock EPS

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 3.88%.

Baidu Inc. [BIDU] Insider Position Details

There are presently around $9,635 million, or 31.80% of BIDU stock, in the hands of institutional investors. The top three institutional holders of BIDU stocks are: PRIMECAP MANAGEMENT CO/CA/ with ownership of 9,540,279, which is approximately -0.184% of the company’s market cap and around 15.60% of the total institutional ownership; DODGE & COX, holding 6,743,055 shares of the stock with an approximate value of $788.4 million in BIDU stocks shares; and PRICE T ROWE ASSOCIATES INC /MD/, currently with $411.74 million in BIDU stock with ownership of nearly -3.619% 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 170 institutional holders increased their position in Baidu Inc. [NASDAQ:BIDU] by around 4,029,778 shares. Additionally, 304 investors decreased positions by around 16,191,126 shares, while 131 investors held positions by with 62,183,399 shares. The mentioned changes placed institutional holdings at 82,404,303 shares, according to the latest SEC report filing. BIDU stock had 36 new institutional investments in for a total of 1,390,759 shares, while 89 institutional investors sold positions of 3,410,440 shares during the same period.

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