Baidu Inc ADR [NASDAQ: BIDU] price surged by 2.00 percent to reach at $1.76.
The one-year BIDU stock forecast points to a potential upside of 35.34. The average equity rating for BIDU stock is currently 1.44, trading closer to a bullish pattern in the stock market.
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Guru’s Opinion on 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 $138.79 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 1.44. 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.
Jefferies have made an estimate for Baidu Inc ADR shares, keeping their opinion on the stock as Buy, with their previous recommendation back on July 15, 2024. While these analysts kept the previous recommendation, Citigroup dropped their target price from $170 to $155. The new note on the price target was released on July 15, 2024, representing the official price target for Baidu Inc ADR stock. Previously, the target price had yet another drop from $140 to $125, while Morgan Stanley kept a Equal-Weight rating on BIDU stock.
The Average True Range (ATR) for Baidu Inc ADR is set at 2.60, with the Price to Sales ratio for BIDU stock in the period of the last 12 months amounting to 1.39. The Price to Book ratio for the last quarter was 0.92, with the Price to Cash per share for the same quarter was set at 90.86.
BIDU Stock Performance Analysis:
Baidu Inc ADR [BIDU] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 6.85. With this latest performance, BIDU shares dropped by -0.70% in over the last four-week period, additionally sinking by -16.30% over the last 6 months – not to mention a drop of -28.16% 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 53.58, with the RSI for the last a single of trading hit 57.95, and the three-weeks RSI is set at 50.76 for Baidu Inc ADR [BIDU]. The present Moving Average for the last 50 days of trading for this stock 89.40, while it was recorded at 88.61 for the last single week of trading, and 102.76 for the last 200 days.
Insight into Baidu Inc ADR 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.
BIDU Stock EPS
With the latest financial reports released by the company, Baidu Inc ADR posted 3.08/share EPS, while the average EPS was predicted by analysts to be reported at 2.31/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.77. 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 6.53%.
Baidu Inc ADR [BIDU] Institutonal Ownership Details
The top three institutional holders of BIDU stocks are: PRIMECAP MANAGEMENT CO/CA/ with ownership of 11.95 million shares, which is approximately 0.4261%. DODGE & COX, holding 5.88 million shares of the stock with an approximate value of $$508.78 million in BIDU stocks shares; and DODGE & COX, currently with $$257.69 million in BIDU stock with ownership which is approximately 0.1063%.
