Baidu Inc ADR [BIDU] stock is trading at $111.36, up 0.70%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The BIDU shares have gain 4.23% over the last week, with a monthly amount glided 0.67%, and seem to be holding up well over a long-time horizon.
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On 6, February 2024, Baidu to Report Fourth Quarter and Fiscal Year 2023 Financial Results on February 28, 2024. In a post published today on Yahoo Finance, Baidu, Inc. (Nasdaq: BIDU; HKEX: 9888 (HKD Counter) and 89888 (RMB Counter)) (“Baidu” or the “Company”), a leading AI company with a strong internet foundation, today announced that it will report its financial results for the Fourth Quarter and Fiscal Year 2023 ended December 31, 2023, before the U.S. market opens on February 28, 2024. Baidu’s management will hold an earnings conference call at 7:30 AM on February 28, 2024, U.S. Eastern Time (8:30 PM on February 28, 2024, Beijing Time).
From an analyst’s perspective:
Previously, Nomura upgraded its rating to Buy on November 22, 2023, and kept the price target unchanged to $145. On June 20, 2023, upgrade upgraded it’s rating to Overweight and revised its price target to $190 on the stock. Bernstein upgraded its rating to a Outperform but stick to its price target of $160 on May 01, 2023. UBS reiterated its recommendation of a Buy and reduced its price target to $180 on April 21, 2023. In a note dated September 16, 2022, UBS initiated an Buy rating.
Baidu Inc ADR [BIDU] stock has fluctuated between $97.51 and $160.53 over the past year. Currently, Wall Street analysts expect the stock to reach $236.47 within the next 12 months. Baidu Inc ADR [NASDAQ: BIDU] shares were valued at $111.36 at the most recent close of the market. An investor can expect a potential return of 112.35% based on the average BIDU price forecast.
Analyzing the BIDU fundamentals
Baidu Inc ADR [NASDAQ:BIDU] reported sales of 18.80B for the trailing twelve months, which represents a growth of 0.11%. Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.61 and Total Capital is -22.65. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-6.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 110.00 points at the first support level, and at 108.63 for the second support level. However, for the 1st resistance point, the stock is sitting at 112.76, and for the 2nd resistance point, it is at 114.15.
Baidu Inc ADR [BIDU] reported earnings per share of $2.86 for its fiscal quarter that ended on 9/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $2.32/share, meaning a difference of $0.54 and a surprise factor of 23.30%. By comparison, the stated earnings for the previous quarter ended on 6/29/2023 were $3.08 per share as compared to estimates of $2.31 per share, a difference of $0.77 representing a surprise of 33.30%.
Ratios To Look Out For
For context, Baidu Inc ADR’s Current Ratio is 2.82. Also, the Quick Ratio is 2.82, while the Cash Ratio stands at 0.05. Considering the valuation of this stock, the price to sales ratio is 1.64, the price to book ratio is 1.18 and price to earnings (TTM) ratio is 12.27.
