Baidu Inc ADR [BIDU] stock is trading at $88.28, up 2.37%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The BIDU shares have gain 5.00% over the last week, with a monthly amount glided 2.90%, and 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 August 23, 2024, when Bernstein downgraded its rating to a Mkt Perform and also revised its price target to $97 from $130. Previously, Jefferies reaffirmed its Buy rating on July 15, 2024, and dropped its price target to $174. On July 15, 2024, Citigroup reiterated its Buy rating and revised its price target to $155 on the stock. Morgan Stanley downgraded its rating to a Equal-Weight and decreased its price target to $125 on May 17, 2024. Nomura upgraded its rating to Buy for this stock on November 22, 2023, but kept the price target unchanged to $145. In a note dated June 20, 2023, Morgan Stanley upgraded an Overweight rating on this stock and boosted its target price from $160 to $190.
Baidu Inc ADR [BIDU] stock has fluctuated between $79.68 and $136.53 over the past year. Currently, Wall Street analysts expect the stock to reach $187.18 within the next 12 months. Baidu Inc ADR [NASDAQ: BIDU] shares were valued at $88.28 at the most recent close of the market. An investor can expect a potential return of 112.03% based on the average BIDU price forecast.
Analyzing the BIDU fundamentals
Baidu Inc ADR [NASDAQ:BIDU] reported sales of 18.66B for the trailing twelve months, which represents a drop of -3.42%. Gross Profit Margin for this corporation currently stands at 0.51% 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 of0.31.
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 86.96 points at the first support level, and at 85.63 for the second support level. However, for the 1st resistance point, the stock is sitting at 89.65, and for the 2nd resistance point, it is at 91.01.
Ratios To Look Out For
For context, Baidu Inc ADR’s Current Ratio is 2.32. As well, the Quick Ratio is 2.32, while the Cash Ratio is 0.68. Considering the valuation of this stock, the price to sales ratio is 1.38, the price to book ratio is 0.89 and price to earnings (TTM) ratio is 11.55.
