Baidu Inc ADR (BIDU) stock forecast: Can it reach its 52-week high of $120.25

A share price of Baidu Inc ADR [BIDU] is currently trading at $90.82, up 0.55%. 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 5.08% over the last week, with a monthly amount glided 7.53%, 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 November 27, 2024, when JP Morgan downgraded its rating to a Neutral. Previously, Susquehanna downgraded its rating to Neutral on November 25, 2024, and dropped its price target to $85. On November 25, 2024, downgrade downgraded it’s rating to Hold but maintained its price target of $86 on the stock. Barclays downgraded its rating to a Equal Weight. HSBC Securities downgraded its rating to a Hold but $100 remained the price target by the analyst firm on September 24, 2024. Bernstein downgraded its rating to Mkt Perform for this stock on August 23, 2024, and downed its price target to $97. In a note dated July 15, 2024, Jefferies reiterated an Buy rating on this stock and revised its target price from $179 to $174.

Baidu Inc ADR experienced fluctuations in its stock price throughout the past year between $78.95 and $120.25. Currently, Wall Street analysts expect the stock to reach $115 within the next 12 months. Baidu Inc ADR [NASDAQ: BIDU] shares were valued at $90.82 at the most recent close of the market. An investor can expect a potential return of 26.62% based on the average BIDU price forecast.

Analyzing the BIDU fundamentals

Trailing Twelve Months sales for Baidu Inc ADR [NASDAQ:BIDU] were 18.59B which represents -1.51% decline. Gross Profit Margin for this corporation currently stands at 0.51% with Operating Profit Margin at 0.16%, Pretax Profit Margin comes in at 0.15%, and Net Profit Margin reading is 0.13%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.07 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 0.27.

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 89.73 points at the first support level, and at 88.63 for the second support level. However, for the 1st resistance point, the stock is sitting at 91.45, and for the 2nd resistance point, it is at 92.07.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Baidu Inc ADR [NASDAQ:BIDU] is 2.19. Also, the Quick Ratio is 2.19, while the Cash Ratio stands at 0.37. Considering the valuation of this stock, the price to sales ratio is 1.43, the price to book ratio is 0.89 and price to earnings (TTM) ratio is 11.21.

Transactions by insiders

Recent insider trading involved Ye Judy Qing, Director, that happened on Nov 26 ’24 when 1500.0 shares were purchased. Director, Callinicos Brent completed a deal on Nov 22 ’24 to buy 4900.0 shares. Meanwhile, Other: Affiliate MELISSA DONGMIN MA bought 0.4 million shares on Oct 01 ’24.

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