Baidu Inc ADR (NASDAQ:BIDU) traded at $106.18 at last check on Monday, April 29, made an upward move of 5.64% on its previous day’s price.
Looking at the stock we see that its previous close was $100.52. The company has a trailing 12-month PE ratio of 13.57. In terms of its 52-week price range, BIDU has a high of $156.98 and a low of $94.25. The company’s stock has gained about 0.86% over that past 30 days.
Baidu Inc ADR has a market cap of $31.01 billion. Estimates by analysts give the company expected earnings per share (EPS) of $2.3, with the EPS growth for the year raised at $10.97 for 2024 and $12.09 for next year. These figures represent -3.90% and 10.20% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $4.43 billion, with a low of $4.36 billion and a high of $4.67 billion. The median projection represents growth squeezing down to 1.50% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $20.19 billion, or 6.60% up from figures reported last year.
On the other hand, looking at the outlook for the BIDU stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 50% Sell. Long term indicators on average place the stock in the category of 100% Sell.
Looking further, we note that the PEG ratio for the BIDU stock currently stands at 1.44, and the most recent price level today is 5.10% off its SMA20 and 3.00% from its 50-day simple moving average. The RSI (14) is pointing at 61.40 while the volatility over the past week is 2.36% and jumps to 2.09% over the past one month. The beta value is 0.68, while the average true range (ATR) is currently pointing at 2.88.
Coming back to Baidu Inc ADR (NASDAQ:BIDU), we note that the average 3-month trading volume was 3.23 million. Current shares outstanding are 292.07 million.
The insiders hold 0.01% of the company’s shares while institutions hold 24.24%. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -10.84% down in year-to-date price movement.
