At the time of writing, Baidu Inc ADR [BIDU] stock is trading at $89.74, up 2.00%. 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 6.85% over the last week, with a monthly amount drifted -0.70%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Baidu Inc ADR [NASDAQ: BIDU] stock has seen the most recent analyst activity on July 15, 2024, when Jefferies reiterated its Buy rating and also revised its price target to $174 from $179. Previously, Citigroup reaffirmed its Buy rating on July 15, 2024, and dropped its price target to $155. On May 17, 2024, downgrade downgraded it’s rating to Equal-Weight and revised its price target to $125 on the stock. Nomura upgraded its rating to a Buy but $145 remained the price target by the analyst firm on November 22, 2023. Morgan Stanley upgraded its rating to Overweight for this stock on June 20, 2023, and upped its price target to $190. In a note dated May 01, 2023, Bernstein upgraded an Outperform rating on this stock but restated the target price of $160.
For the past year, the stock price of Baidu Inc ADR fluctuated between $79.68 and $151.00. Currently, Wall Street analysts expect the stock to reach $195.41 within the next 12 months. Baidu Inc ADR [NASDAQ: BIDU] shares were valued at $89.74 at the most recent close of the market. An investor can expect a potential return of 117.75% based on the average BIDU price forecast.
Analyzing the BIDU fundamentals
According to Baidu Inc ADR [NASDAQ:BIDU], the company’s sales were 18.82B for trailing twelve months, which represents an -3.69% plunge. Gross Profit Margin for this corporation currently stands at 0.52% with Operating Profit Margin at 0.17%, Pretax Profit Margin comes in at 0.18%, and Net Profit Margin reading is 0.14%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.08 and Total Capital is 0.07. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.34.
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 88.41 points at the first support level, and at 87.09 for the second support level. However, for the 1st resistance point, the stock is sitting at 90.46, and for the 2nd resistance point, it is at 91.18.
Ratios To Look Out For
It is important to note that Baidu Inc ADR [NASDAQ:BIDU] has a current ratio of 2.79. Also, the Quick Ratio is 2.79, while the Cash Ratio stands at 0.54. Considering the valuation of this stock, the price to sales ratio is 1.39, the price to book ratio is 0.92 and price to earnings (TTM) ratio is 11.85.
