Baidu Inc ADR (NASDAQ:BIDU) shares, rose in value on Thursday, April 25, with the stock price down by -0.34% to the previous day’s close as strong demand from buyers drove the stock to $98.85.
Actively observing the price movement in the recent trading, the stock is buoying the session at $99.19. The PE ratio was 12.64 over 12-month period. Referring to stock’s 52-week performance, its high was $156.98, and the low was $94.25. On the whole, BIDU has fluctuated by -4.64% over the past month.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 19.8B, with a low estimate of 4.28B and a high estimate of 4.58B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 4.34B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that BIDU’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% 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 -2.64% and -4.30% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 44.96, while the 7-day volatility ratio is showing 1.96% which for the 30-day chart, stands at 2.11%. Furthermore, Baidu Inc ADR (BIDU)’s beta value is 0.69, and its average true range (ATR) is 2.44.
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 -0.34% in today’s session so far, and over the past year, it shrunk by -15.47%%.
Data on historical trading for Baidu Inc ADR (NASDAQ:BIDU) indicates that the trading volumes over the past 3 months, they’ve averaged 3.21 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 23.99% of the company’s shares. The stock has fallen by -17.00% 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.
