The stock of Baidu Inc. (NASDAQ:BIDU) decreased by decreased by -$2.96 on Friday to finish at $177.64, down -1.64 percent. The last five days have seen an average of 5,569,600 shares of common stock traded. 12 times new highs were reached in the current year, with a fall of -$38.60. The average number of shares traded over the last 20 days was 3,620,585, while the average volume over the last 50 days totaled 4,703,432.
BIDU stock appreciated 10.68% since last month. On 10/04/21, the company’s shares reached a one-month low of $144.51. The stock touched a high of $354.82 on 02/22/21, after rallying from a low of $128.02 in 52 weeks. The price of BIDU stock has declined by -17.85% or -$38.60 this year, reaching a new high 12 times. Still, the stock price is down -49.94% from the 52-week high.
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Baidu Inc. (BIDU) has a trailing price-to-earnings (P/E) ratio of 8.95. This level actually compares favorably with the industry at large, as the PE for the Internet Content & Information industry stands at about 33.17. Further, its PE also compares favorably with the Communication Services sector’s trailing 12 months PE ratio, which comes in at 30.57 right now. The PE ratio of Baidu Inc. has varied between 182.91 and 7.181 in the last five years. Beta for the stock is 1.05. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 3.41, the price-to-book (PB) ratio of 1.73.
For the three months ended June 29, Baidu Inc.’s quick ratio was 3.10, while its current ratio was 3.10, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.32, and the total debt to equity ratio is 0.36. As far as profitability goes, gross margin for the trailing twelve months is 50.60% percent. Baidu Inc.’s EBITDA margin for the year ended June 29 was 19.22%, whereas its operating margin stood at 14.70% for the same period. Based on annual data, it had gross profit of $7.96 billion and revenue of $16.41 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. BIDU’s return on assets (ROA) during the last 12 months has been 12.40%. There was a 3.10% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 21.50%. ROE has averaged 7.41 in the past year for the broader industry.
According to Baidu Inc.’s quarterly financial report for the quarter that ended June 29, it had $7.42 billion in total debt versus $19.37 billion in cash and short-term investments. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $16.41 billion, while revenues rose by 5.98% to $0.0. It was predicted that Baidu Inc.’s quarterly earnings would be $2.38, but it ended up being $2.01, beating the consensus by 18.40%. EBITDA was $536.0 million for the quarter. At the end of Baidu Inc.’s most recent quarter ended June 29, its liabilities totaled 23.97 billion, while its total debt was $82.68 billion.
Here’s a quick look at Baidu Inc.’s (BIDU) price momentum from a technical perspective. As of 22 October, the RSI 9-day stood at 70.55%, suggesting the stock is Overbought, with a 34.91% historical volatility rate.
The stochastic %K and %D were 92.35% and 95.59% respectively, while the average true range (ATR) was 5.26. Based on the 14-day stochastic reading of 86.60%, the RSI (14) reading is 66.34%. On the 9-day MACD Oscillator, the stock is at 8.75, and the 14-day reading is at 14.10.
In a note to investors, Oppenheimer maintained its an Outperform rating on Baidu Inc. (NASDAQ: BIDU). However, the firm raised their price target to $320, indicating a possible increase of 49.96% in the stock price. Analysts have assigned Baidu Inc. (BIDU) an Buy rating. BIDU is a stock that is recommended for selling by 1 brokerage firm, while 5 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 3 rates it overweight and 33 others recommend it as a buy.
What is BIDU’s price target for the next 12 months?
The current consensus forecast for the stock is between $982.25 and $2282.30, with a median target price of $1633.04. In analyzing these forecasts, the average price target given by analysts for Baidu Inc. (BIDU) is $1606.04.