In the past week, BIDU stock has gone up by 19.27%, with a monthly gain of 25.61% and a quarterly surge of 22.13%. The volatility ratio for the week is 4.48%, and the volatility levels for the last 30 days are 2.41% for Baidu Inc ADR The simple moving average for the last 20 days is 20.90% for BIDU stock, with a simple moving average of 6.02% for the last 200 days.
Is It Worth Investing in Baidu Inc ADR (NASDAQ: BIDU) Right Now?
The price-to-earnings ratio for Baidu Inc ADR (NASDAQ: BIDU) is above average at 13.78x. 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.”
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The public float for BIDU is 292.06M, and at present, short sellers hold a 2.99% of that float. The average trading volume of BIDU on October 01, 2024 was 3.63M shares.
BIDU) stock’s latest price update
Baidu Inc ADR (NASDAQ: BIDU)’s stock price has plunge by 0.11relation to previous closing price of 105.17. Nevertheless, the company has seen a 19.27% surge in its stock price over the last five trading sessions. fastcompany.com reported 2024-09-30 that Chinese stock markets are having their best week in over a decade. Indeces of major stock markets in the country have seen their values soar over the past five days, with the Shanghai Stock Exchange Composite Index up over 21%, the CSI 300 Index up over 25%, and the Hong Kong Hang Seng Index up over 15%.
Analysts’ Opinion of BIDU
Many brokerage firms have already submitted their reports for BIDU stocks, with HSBC Securities repeating the rating for BIDU by listing it as a “Hold.” The predicted price for BIDU in the upcoming period, according to HSBC Securities is $100 based on the research report published on September 24, 2024 of the current year 2024.
Bernstein, on the other hand, stated in their research note that they expect to see BIDU reach a price target of $97, previously predicting the price at $130. The rating they have provided for BIDU stocks is “Mkt Perform” according to the report published on August 23rd, 2024.
Jefferies gave a rating of “Buy” to BIDU, setting the target price at $174 in the report published on July 15th of the current year.
BIDU Trading at 21.15% 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 -22.88% of loss for the given period.
Volatility was left at 2.41%, however, over the last 30 days, the volatility rate increased by 4.48%, as shares surge +24.43% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +16.51% upper at present.
During the last 5 trading sessions, BIDU rose by +19.27%, which changed the moving average for the period of 200-days by -6.95% in comparison to the 20-day moving average, which settled at $88.12. In addition, Baidu Inc ADR saw -11.59% 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 2.16. 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 mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
