The stock of Baidu Inc ADR (NASDAQ: BIDU) has increased by 3.00 when compared to last closing price of 105.28.Despite this, the company has seen a gain of 6.13% in its stock price over the last five trading days. InvestorPlace reported 2024-04-01 that As the Chinese economy continues to rebound, investors are searching for the best Chinese stocks to buy in April. Despite recent geopolitical tensions, China remains a powerhouse of economic activity.
Is It Worth Investing in Baidu Inc ADR (NASDAQ: BIDU) Right Now?
Baidu Inc ADR (NASDAQ: BIDU) has a higher price-to-earnings ratio of 13.86x compared to its average ratio. BIDU has 36-month beta value of 0.68. Analysts have mixed views on the stock, with 11 analysts rating it as a “buy,” 8 as “overweight,” 12 as “hold,” and 1 as “sell.”
The public float for BIDU is 292.05M, and currently, short sellers hold a 1.82% ratio of that float. The average trading volume of BIDU on April 02, 2024 was 3.46M shares.
BIDU’s Market Performance
BIDU stock saw an increase of 6.13% in the past week, with a monthly gain of 7.02% and a quarterly increase of -7.96%. The volatility ratio for the week is 2.78%, and the volatility levels for the last 30 days are 2.41% for Baidu Inc ADR (BIDU). The simple moving average for the last 20 days is 5.40% for BIDU’s stock, with a simple moving average of -11.31% for the last 200 days.
Analysts’ Opinion of BIDU
Many brokerage firms have already submitted their reports for BIDU stocks, with Macquarie repeating the rating for BIDU by listing it as a “Outperform.” The predicted price for BIDU in the upcoming period, according to Macquarie is $150 based on the research report published on January 11, 2024 of the current year 2024.
Nomura, on the other hand, stated in their research note that they expect to see BIDU reach a price target of $145. The rating they have provided for BIDU stocks is “Buy” according to the report published on November 22nd, 2023.
Morgan Stanley gave a rating of “Overweight” to BIDU, setting the target price at $190 in the report published on June 20th of the previous year.
BIDU Trading at 3.42% from the 50-Day Moving Average
After a stumble in the market that brought BIDU to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -31.71% of loss for the given period.
Volatility was left at 2.41%, however, over the last 30 days, the volatility rate increased by 2.78%, as shares surge +4.25% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.63% upper at present.
During the last 5 trading sessions, BIDU rose by +6.13%, which changed the moving average for the period of 200-days by -23.94% in comparison to the 20-day moving average, which settled at $103.11. In addition, Baidu Inc ADR saw -8.94% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for BIDU
Current profitability levels for the company are sitting at:
- 0.16 for the present operating margin
- 0.52 for the gross margin
The net margin for Baidu Inc ADR stands at 0.15. The total capital return value is set at 0.07. Equity return is now at value 8.35, with 4.89 for asset returns.
Based on Baidu Inc ADR (BIDU), the company’s capital structure generated 0.25 points at debt to capital in total, while cash flow to debt ratio is standing at 0.46. The debt to equity ratio resting at 0.33. The interest coverage ratio of the stock is 6.73.
Currently, EBITDA for the company is 36.88 billion with net debt to EBITDA at 1.23. When we switch over and look at the enterprise to sales, we see a ratio of 2.46. The receivables turnover for the company is 8.1for trailing twelve months and the total asset turnover is 0.33. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.01.
Conclusion
To put it simply, Baidu Inc ADR (BIDU) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
