Baidu Inc ADR (NASDAQ:BIDU) shares, rose in value on Friday, April 05, with the stock price down by -1.75% to the previous day’s close as strong demand from buyers drove the stock to $106.57.
Actively observing the price movement in the recent trading, the stock is buoying the session at $108.47. The value of beta (5-year monthly) is 0.68 whereas the PE ratio is 13.62 over 12-month period. Referring to stock’s 52-week performance, its high was $156.98, and the low was $96.58. On the whole, BIDU has fluctuated by 7.23% over the past month.
With the market capitalization of Baidu Inc ADR currently standing at about $31.13 billion, investors are eagerly awaiting this quarter’s results, scheduled for May 14, 2024 – May 20, 2024. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $2.37, which is expected to increase to $3.33 for fiscal year $11.02 and then to about $12.15 by fiscal year 2025. Data indicates that the EPS growth is expected to be -1.60% in 2025, while the next year’s EPS growth is forecast to be 10.30%.
Analysts have estimated the company’s revenue for the quarter at $4.45 billion, with a low estimate of $4.36 billion and a high estimate of $4.58 billion. According to the average forecast, sales growth in current quarter could jump up 2.00%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $20.05 billion, representing an increase of 7.80% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that BIDU’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium term indicators have put the stock in the category of 50% Sell while long term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 1.34, with the price of BIDU currently trading nearly 2.03% and 1.24% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 52.62, while the 7-day volatility ratio is showing 2.07% which for the 30-day chart, stands at 2.34%. Furthermore, Baidu Inc ADR (BIDU)’s beta value is 0.67, and its average true range (ATR) is 2.89.
A comparison of Baidu Inc ADR (BIDU) with its peers suggests the former has fared considerably weaker in the market. BIDU showed an intraday change of -1.75% in today’s session so far, and over the past year, it shrunk by -28.27%%.
Data on historical trading for Baidu Inc ADR (NASDAQ:BIDU) indicates that the trading volumes over the past 10 days have averaged 3.47 million and over the past 3 months, they’ve averaged 3.44 million. According to company’s latest data on outstanding shares, there are 292.07 million shares outstanding.
Nearly 0.01% of Baidu Inc ADR’s shares belong to company insiders and institutional investors own 23.81% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 6.05 million shares as on Mar 15, 2024, resulting in a short ratio of 1.31. According to the data, the short interest in Baidu Inc ADR (BIDU) stood at 1.51% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 5.29 million. The stock has fallen by -10.51% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the BIDU stock heading into the next quarter.
