The price-to-earnings ratio for Baidu Inc ADR (NASDAQ: BIDU) is above average at 11.21x. The 36-month beta value for BIDU is also noteworthy at 0.48. There are mixed opinions on the stock, with 11 analysts rating it as a “buy,” 8 rating it as “overweight,” 12 rating it as “hold,” and 1 rating it as “sell.”
The public float for BIDU is 292.06M, and at present, short sellers hold a 2.98% of that float. The average trading volume of BIDU on September 17, 2024 was 3.26M shares.
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BIDU) stock’s latest price update
The stock of Baidu Inc ADR (NASDAQ: BIDU) has increased by 1.89 when compared to last closing price of 84.08.Despite this, the company has seen a gain of 4.41% in its stock price over the last five trading days. seekingalpha.com reported 2024-09-17 that Baidu’s latest quarterly report showed mixed performance, but underlying fundamentals are improving, with significant advancements in AI and autonomous driving technologies. Despite near-term challenges, Baidu’s AI Cloud and Apollo Go businesses are poised to drive healthy growth at the Chinese tech conglomerate over the coming years. Baidu remains a “Strong Buy” at current levels due to its leadership in AI, depressed valuation, and robust free cash flow generation.
BIDU’s Market Performance
Baidu Inc ADR (BIDU) has experienced a 4.41% rise in stock performance for the past week, with a -3.70% drop in the past month, and a -6.28% drop in the past quarter. The volatility ratio for the week is 1.58%, and the volatility levels for the past 30 days are at 1.99% for BIDU. The simple moving average for the past 20 days is 1.37% for BIDU’s stock, with a -14.63% simple moving average for the past 200 days.
Analysts’ Opinion of BIDU
Many brokerage firms have already submitted their reports for BIDU stocks, with Bernstein repeating the rating for BIDU by listing it as a “Mkt Perform.” The predicted price for BIDU in the upcoming period, according to Bernstein is $97 based on the research report published on August 23, 2024 of the current year 2024.
Jefferies, on the other hand, stated in their research note that they expect to see BIDU reach a price target of $174, previously predicting the price at $179. The rating they have provided for BIDU stocks is “Buy” according to the report published on July 15th, 2024.
Citigroup gave a rating of “Buy” to BIDU, setting the target price at $155 in the report published on July 15th of the current year.
BIDU Trading at -1.91% 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 -37.25% of loss for the given period.
Volatility was left at 1.99%, however, over the last 30 days, the volatility rate increased by 1.58%, as shares sank -5.07% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.66% lower at present.
During the last 5 trading sessions, BIDU rose by +4.34%, which changed the moving average for the period of 200-days by -27.47% in comparison to the 20-day moving average, which settled at $84.29. In addition, Baidu Inc ADR saw -28.06% 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
- 0.51 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 8.03, with 4.77 for asset returns.
Based on Baidu Inc ADR (BIDU), the company’s capital structure generated 0.24 points at debt to capital in total, while cash flow to debt ratio is standing at 0.27. The debt to equity ratio resting at 0.31. The interest coverage ratio of the stock is 7.35.
Currently, EBITDA for the company is 36.88 billion with net debt to EBITDA at 0.71. When we switch over and look at the enterprise to sales, we see a ratio of 1.84. The receivables turnover for the company is 10.78for trailing twelve months and the total asset turnover is 0.32. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.32.
Conclusion
In summary, Baidu Inc ADR (BIDU) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
