Baidu Inc ADR [NASDAQ: BIDU] jumped around 5.65 points on Monday, while shares priced at $106.17 at the close of the session, up 5.62%.
Compared to the average trading volume of 3.23M shares, BIDU reached a trading volume of 9415604 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Baidu Inc ADR [BIDU]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BIDU shares is $150.96 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 1.27. 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.
Macquarie have made an estimate for Baidu Inc ADR shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on January 11, 2024. The new note on the price target was released on November 22, 2023, representing the official price target for Baidu Inc ADR stock. Previously, the target price had yet another raise from $160 to $190, while Morgan Stanley kept a Overweight rating on BIDU stock.
The Average True Range (ATR) for Baidu Inc ADR is set at 2.88, with the Price to Sales ratio for BIDU stock in the period of the last 12 months amounting to 1.63. The Price to Book ratio for the last quarter was 0.88, with the Price to Cash per share for the same quarter was set at 99.16.
How has BIDU stock performed recently?
Baidu Inc ADR [BIDU] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 9.18. With this latest performance, BIDU shares gained by 0.85% in over the last four-week period, additionally sinking by -2.27% over the last 6 months – not to mention a drop of -10.37% 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 61.37, with the RSI for the last a single of trading hit 70.75, and the three-weeks RSI is set at 56.27 for Baidu Inc ADR [BIDU]. The present Moving Average for the last 50 days of trading for this stock 103.08, while it was recorded at 100.80 for the last single week of trading, and 117.90 for the last 200 days.
Baidu Inc ADR [BIDU]: Deeper insight into the fundamentals
Baidu Inc ADR’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.98 and a Current Ratio set at 3.01.
Earnings analysis for Baidu Inc ADR [BIDU]
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 ADR go to 9.45%.
Insider trade positions for Baidu Inc ADR [BIDU]
The top three institutional holders of BIDU stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in BIDU stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in BIDU stock with ownership which is approximately 5.8386%.
