At the time of writing, Baidu Inc ADR [BIDU] stock is trading at $86.02, up 0.70%. An important factor to consider is whether the stock is rising or falling in short-term value. The BIDU shares have gain 1.44% over the last week, with a monthly amount drifted -6.11%, 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 September 24, 2024, when HSBC Securities downgraded its rating to a Hold but kept the price target unchanged to $100 for it. Previously, Bernstein downgraded its rating to Mkt Perform on August 23, 2024, and dropped its price target to $97. On July 15, 2024, Jefferies reiterated its Buy rating and revised its price target to $174 on the stock. Citigroup reiterated its Buy rating and decreased its price target to $155 on July 15, 2024. Morgan Stanley downgraded its rating to a Equal-Weight and reduced its price target to $125 on May 17, 2024. In a note dated November 22, 2023, Nomura upgraded an Buy rating on this stock but restated the target price of $145.
For the past year, the stock price of Baidu Inc ADR fluctuated between $79.68 and $126.23. Currently, Wall Street analysts expect the stock to reach $175.55 within the next 12 months. Baidu Inc ADR [NASDAQ: BIDU] shares were valued at $86.02 at the most recent close of the market. An investor can expect a potential return of 104.08% based on the average BIDU price forecast.
Analyzing the BIDU fundamentals
According to Baidu Inc ADR [NASDAQ:BIDU], the company’s sales were 18.66B for trailing twelve months, which represents an -3.42% plunge. 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 of0.29.
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 85.24 points at the first support level, and at 84.46 for the second support level. However, for the 1st resistance point, the stock is sitting at 86.47, and for the 2nd resistance point, it is at 86.92.
Ratios To Look Out For
It is important to note that Baidu Inc ADR [NASDAQ:BIDU] has a current ratio of 2.32. On the other hand, the Quick Ratio is 2.32, and the Cash Ratio is 0.68. Considering the valuation of this stock, the price to sales ratio is 1.35, the price to book ratio is 0.87 and price to earnings (TTM) ratio is 11.26.
Transactions by insiders
Recent insider trading involved MELISSA DONGMIN MA, Other: Affiliate, that happened on Oct 01 ’24 when 0.4 million shares were purchased.
