Analysts From Major Brokerage Firms Release Report On Baidu Inc. (BIDU)

The stock of Baidu Inc. (NASDAQ:BIDU) decreased by -$0.85 on Wednesday to $144.78, down -0.58 percent. The last five days have seen an average of 3,386,376 shares of common stock traded. 10 times new highs were reached in the current year, with a fall of -$2.82. The average number of shares traded over the last 20 days was 3,835,954, while the average volume over the last 50 days totaled 3,370,970.

BIDU stock appreciated 16.19% since last month. On 05/24/22, the company’s shares reached a one-month low of $113.94. The stock touched a high of $209.17 on 02/17/22, after rallying from a low of $101.62 in 52 weeks. The price of BIDU stock has declined by -2.12% or -$2.82 this year, reaching a new high 10 times. Still, the stock price is down -30.78% from the 52-week high.

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Valuation Metrics

Beta for the stock is 0.82. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 2.68, the price-to-book (PB) ratio of 1.59.

Financial Health

For the three months ended March 30, 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 March 30 is 0.32, and the total debt to equity ratio is 0.39. As far as profitability goes, gross margin for the trailing twelve months is 48.00% percent. Baidu Inc.’s EBITDA margin for the year ended March 30 was 13.41%, whereas its operating margin stood at 8.30% for the same period. Based on annual data, it had gross profit of $9.44 billion and revenue of $19.54 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 -4.40%. There was a 1.00% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -7.70%.

Earnings Surprise

According to Baidu Inc.’s quarterly financial report for the quarter that ended March 30, it had $8.75 billion in total debt versus $22.48 billion in cash and short-term investments. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $19.54 billion, while revenues rose by 16.0% to $0.0. It was predicted that Baidu Inc.’s quarterly earnings would be $1.67, but it ended up being $0.81, beating the consensus by 106.20%. EBITDA was $410.0 million for the quarter. At the end of Baidu Inc.’s most recent quarter ended March 30, its liabilities totaled 24.81 billion, while its total debt was $91.58 billion.

Technical Picture

Here’s a quick look at Baidu Inc.’s (BIDU) price momentum from a technical perspective. As of 21 June, the RSI 9-day stood at 57.79%, suggesting the stock is Neutral, with a 72.38% historical volatility rate.

The stochastic %K and %D were 52.80% and 43.74% respectively, while the average true range (ATR) was 7.38. Based on the 14-day stochastic reading of 61.37%, the RSI (14) reading is 57.07%. On the 9-day MACD Oscillator, the stock is at 2.18, and the 14-day reading is at -0.10.

Analyst Ratings

In its most recent analyst report, JP Morgan raised its rating on Baidu Inc. (NASDAQ: BIDU) to a Neutral. Prior to this, analysts firm rated the stock as an Underweight.


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