The stock price of Baidu Inc ADR (NASDAQ: BIDU) has jumped by 0.41 compared to previous close of 88.73. Despite this, the company has seen a fall of -2.54% in its stock price over the last five trading days. investorplace.com reported 2024-06-25 that With the equities space continuing to enjoy its blistering recovery from the doldrums of the Covid-19 crisis, fewer and fewer ideas exist that are considered genuine discounts. Nowadays, several of the desirable market ideas just seem overpriced.
Is It Worth Investing in Baidu Inc ADR (NASDAQ: BIDU) Right Now?
Baidu Inc ADR (NASDAQ: BIDU) has a price-to-earnings ratio that is above its average at 11.76x. The stock has a 36-month beta value of 0.49. Opinions on the stock are mixed, with 11 analysts rating it as a “buy,” 8 as “overweight,” 12 as “hold,” and 1 as “sell.”
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The public float for BIDU is 292.03M, and at present, short sellers hold a 1.98% of that float. On June 25, 2024, the average trading volume of BIDU was 3.34M shares.
BIDU’s Market Performance
BIDU stock saw a decrease of -2.54% in the past week, with a monthly decline of -12.17% and a quarterly a decrease of -15.68%. The volatility ratio for the week is 1.81%, and the volatility levels for the last 30 days are 1.81% for Baidu Inc ADR (BIDU). The simple moving average for the last 20 days is -5.94% for BIDU’s stock, with a simple moving average of -19.13% for the last 200 days.
Analysts’ Opinion of BIDU
Many brokerage firms have already submitted their reports for BIDU stocks, with Morgan Stanley repeating the rating for BIDU by listing it as a “Equal-Weight.” The predicted price for BIDU in the upcoming period, according to Morgan Stanley is $125 based on the research report published on May 17, 2024 of the current year 2024.
Macquarie, on the other hand, stated in their research note that they expect to see BIDU reach a price target of $150. The rating they have provided for BIDU stocks is “Outperform” according to the report published on January 11th, 2024.
Nomura gave a rating of “Buy” to BIDU, setting the target price at $145 in the report published on November 22nd of the previous year.
BIDU Trading at -11.43% 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 -43.25% of loss for the given period.
Volatility was left at 1.81%, however, over the last 30 days, the volatility rate increased by 1.81%, as shares sank -11.34% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.85% lower at present.
During the last 5 trading sessions, BIDU fell by -2.73%, which changed the moving average for the period of 200-days by -35.14% in comparison to the 20-day moving average, which settled at $94.15. In addition, Baidu Inc ADR saw -25.19% 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:
- 0.17 for the present operating margin
- 0.52 for the gross margin
The net margin for Baidu Inc ADR stands at 0.14. The total capital return value is set at 0.07. Equity return is now at value 7.91, with 4.64 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 0.44. The debt to equity ratio resting at 0.34. The interest coverage ratio of the stock is 6.95.
Currently, EBITDA for the company is 36.88 billion with net debt to EBITDA at 1.27. When we switch over and look at the enterprise to sales, we see a ratio of 2.1. The receivables turnover for the company is 11.15for 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 2.79.
Conclusion
To sum up, Baidu Inc ADR (BIDU) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing 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.
