Baidu Inc ADR [NASDAQ: BIDU] slipped around -2.06 points on Thursday, while shares priced at $88.81 at the close of the session, down -2.27%.
Compared to the average trading volume of 3.33M shares, BIDU reached a trading volume of 4466730 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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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 $143.48 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 1.47. 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.
Morgan Stanley have made an estimate for Baidu Inc ADR shares, keeping their opinion on the stock as Equal-Weight, with their previous recommendation back on May 17, 2024. While these analysts kept the previous recommendation, Macquarie raised their target price to Outperform. The new note on the price target was released on January 11, 2024, representing the official price target for Baidu Inc ADR stock. Previously, the target price had yet another raise to $145, while Nomura analysts kept a Buy rating on BIDU stock. On June 20, 2023, analysts increased their price target for BIDU shares from 160 to 190.
The Average True Range (ATR) for Baidu Inc ADR is set at 2.31, with the Price to Sales ratio for BIDU stock in the period of the last 12 months amounting to 1.38. The Price to Book ratio for the last quarter was 0.91, with the Price to Cash per share for the same quarter was set at 90.86.
How has BIDU stock performed recently?
Baidu Inc ADR [BIDU] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.90. With this latest performance, BIDU shares dropped by -18.43% in over the last four-week period, additionally sinking by -20.89% over the last 6 months – not to mention a drop of -38.12% 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 25.67, with the RSI for the last a single of trading hit 17.79, and the three-weeks RSI is set at 31.59 for Baidu Inc ADR [BIDU]. The present Moving Average for the last 50 days of trading for this stock 101.12, while it was recorded at 91.41 for the last single week of trading, and 110.70 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 2.79 and a Current Ratio set at 2.79.
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 9.38%.
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%.
