Baidu Inc ADR [NASDAQ: BIDU] surged by $5.17 during the normal trading session on while it closed the day at $92.88.
Baidu Inc ADR stock has also gained 1.40% of its value over the past 7 days. However, BIDU stock has inclined by 1.81% in the 3 months of the year. Over the past six months meanwhile, it has gained 9.93% and gained 10.16% year-on date.
The market cap for BIDU stock reached $26.00 billion, with 285.05 million shares outstanding and 279.90 million shares in the current float. Compared to the average trading volume of 3.28M shares, BIDU reached a trading volume of 6811728 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to 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 $108.12 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 1.80. 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.
JP Morgan have made an estimate for Baidu Inc ADR shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on November 27, 2024. While these analysts kept the previous recommendation, Susquehanna raised their target price from $105 to $85. The new note on the price target was released on November 25, 2024, representing the official price target for Baidu Inc ADR stock. Previously, the target price had yet another raise to $86, while China Renaissance analysts kept a Hold rating on BIDU stock.
The Average True Range (ATR) for Baidu Inc ADR is set at 3.42, with the Price to Sales ratio for BIDU stock in the period of the last 12 months amounting to 1.40. 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 73.57.
BIDU stock trade performance evaluation
Baidu Inc ADR [BIDU] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.40. With this latest performance, BIDU shares gained by 12.31% in over the last four-week period, additionally plugging by 9.93% over the last 6 months – not to mention a drop of -11.53% 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 59.95, with the RSI for the last a single of trading hit 62.17, and the three-weeks RSI is set at 57.59 for Baidu Inc ADR [BIDU]. The present Moving Average for the last 50 days of trading for this stock 85.81, while it was recorded at 91.11 for the last single week of trading, and 91.79 for the last 200 days.
Baidu Inc ADR [BIDU]: An insightful look at the core fundamentals
Baidu Inc ADR’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.19 and a Current Ratio set at 2.19.
Earnings per share (EPS) analysis for Baidu Inc ADR [BIDU] stock
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 -0.65%.
Baidu Inc ADR [BIDU]: Institutional Ownership
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%. JPMORGAN CHASE & CO, holding 0.99 million shares of the stock with an approximate value of $$85.49 million in BIDU stocks shares; and JPMORGAN CHASE & CO, currently with $$508.78 million in BIDU stock with ownership which is approximately 0.2098%.
