Baidu Inc ADR [NASDAQ: BIDU] loss -5.90% on the last trading session, reaching $81.63 price per share at the time.
If compared to the average trading volume of 3.95M shares, BIDU reached a trading volume of 8344488 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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Here is what top equities market gurus are saying 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 $119.61 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 1.62. 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.
HSBC Securities have made an estimate for Baidu Inc ADR shares, keeping their opinion on the stock as Hold, with their previous recommendation back on September 24, 2024. While these analysts kept the previous recommendation, Bernstein raised their target price from $130 to $97. The new note on the price target was released on August 23, 2024, representing the official price target for Baidu Inc ADR stock. Previously, the target price had yet another drop from $179 to $174, while Jefferies kept a Buy rating on BIDU stock. On July 15, 2024, analysts decreased their price target for BIDU shares from 170 to 155.
The Average True Range (ATR) for Baidu Inc ADR is set at 2.76, with the Price to Sales ratio for BIDU stock in the period of the last 12 months amounting to 1.28. The Price to Book ratio for the last quarter was 0.66, with the Price to Cash per share for the same quarter was set at 70.50.
Trading performance analysis for BIDU stock
Baidu Inc ADR [BIDU] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.89. With this latest performance, BIDU shares dropped by -9.25% in over the last four-week period, additionally sinking by -19.52% over the last 6 months – not to mention a drop of -28.03% 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 33.59, with the RSI for the last a single of trading hit 28.58, and the three-weeks RSI is set at 37.68 for Baidu Inc ADR [BIDU]. The present Moving Average for the last 50 days of trading for this stock 93.77, while it was recorded at 84.88 for the last single week of trading, and 96.15 for the last 200 days.
Baidu Inc ADR [BIDU]: A deeper dive into fundamental analysis
Baidu Inc ADR’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.32 and a Current Ratio set at 2.32.
Baidu Inc ADR [BIDU]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Baidu Inc ADR posted 21.86/share EPS, while the average EPS was predicted by analysts to be reported at 18.02/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 3.84. 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 6.48%.
An analysis of Institutional ownership at Baidu Inc ADR [BIDU]
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%.
