At the time of writing, Baidu Inc ADR [BIDU] stock is trading at $103.86, down -0.75%. 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 5.69% over the last week, with a monthly amount drifted -2.67%, and not seem to be holding up well over a long-time horizon.
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On 8, March 2024, Baidu Launches China’s First 24/7 Robotaxi Service. In a post published today on Yahoo Finance, The start of round-the-clock operations comes as the third major operational expansion of Baidu’s robotaxi service in 2024.
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.
For the past year, the stock price of Baidu Inc ADR fluctuated between $96.58 and $160.53. 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 $103.86 at the most recent close of the market. An investor can expect a potential return of 127.68% based on the average BIDU price forecast.
Analyzing the BIDU fundamentals
According to Baidu Inc ADR [NASDAQ:BIDU], the company’s sales were 18.99B for trailing twelve months, which represents an 4.02% jump. Gross Profit Margin for this corporation currently stands at 0.52% with Operating Profit Margin at 0.16%, Pretax Profit Margin comes in at 0.19%, and Net Profit Margin reading is 0.15%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.09 and Total Capital is 0.07. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.33.
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 103.34 points at the first support level, and at 102.81 for the second support level. However, for the 1st resistance point, the stock is sitting at 104.67, and for the 2nd resistance point, it is at 105.47.
Baidu Inc ADR [BIDU] reported earnings per share of $3.05 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $2.48/share, meaning a difference of $0.57 and a surprise factor of 23.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $2.86 per share as compared to estimates of $2.32 per share, a difference of $0.54 representing a surprise of 23.30%.
Ratios To Look Out For
It is important to note that Baidu Inc ADR [NASDAQ:BIDU] has a current ratio of 3.01. Also, the Quick Ratio is 2.98, while the Cash Ratio stands at 0.48. Considering the valuation of this stock, the price to sales ratio is 1.51, the price to book ratio is 0.86 and price to earnings (TTM) ratio is 13.28.
