Baidu Inc. (BIDU): A Technical View


As of Wednesday close, Baidu Inc.’s (NASDAQ:BIDU) stock was up $1.92, moving up 2.02 percent to $97.00. The average number of shares traded per day over the past five days has been 3,339,180 shares. 1 time new highs have been achieved over the past 5 days, with a $2.25 gain in that time frame. In the last twenty days, the average volume was 3,632,625, while in the previous 50 days, it was 3,423,374.

Since last month, BIDU stock rose 19.44%. Shares of the company fell to $73.58 on 10/24/22, the lowest level in the past month. A 52-week high of $171.87 was reached on 02/17/22 after having rallying from a 52-week low of $73.58. Since the beginning of this year, BIDU’s stock price has dropped by -34.81% or -$51.79, and marked a new high 10 times. However, the stock has declined by -43.56% since its 52-week high.

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Valuation Metrics

The stock’s beta is 0.59. Besides these, the trailing price-to-sales (P/S) ratio of 2.02, the price-to-book (PB) ratio of 1.11, and the price-to-cash flow ratio of 14.10 may also be considered.

Financial Health

In the three months ended June 29, Baidu Inc.’s quick ratio stood at 2.70, while its current ratio was 2.70, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.30, and the total debt-to-equity ratio was 0.40. On the profitability front, the trailing twelve-month gross margin is 47.90% percent. In the year ended June 29, EBITDA margin amounted to 13.41%, whereas operating margins totaled 8.30%. Based on annual data, BIDU earned $9.44 billion in gross profit and brought in $19.54 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 1.00%. Return on equity (ROE) for the past 12 months was -5.80%.

In Baidu Inc.’s quarter-end financial report for June 29, it reported total debt of $8.75 billion against cash and short-term investments of $22.48 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. BIDU’s revenue rose 16.0% during the quarter, while net income inched up to $19.54 billion. While analysts expected Baidu Inc. to report $1.46 quarterly earnings, the actual figure was $2.22 per share, beating the consensus estimate by 52.10%. During the quarter, the company generated $508.0 million in EBITDA. The liabilities of Baidu Inc. were 24.2 billion at the end of its most recent quarter ended June 29, and its total debt was $95.51 billion.

Technical Picture

This quick technical analysis looks at Baidu Inc.’s (BIDU) price momentum. With a historical volatility rate of 63.68%, the RSI 9-day stood at 59.02% on 23 November.

With respect to its five-day moving average, the current Baidu Inc. price is up by +2.37% percent or $2.25. At present, BIDU shares trade +15.22% above its 20-day simple moving average and -37.12% percent below its 100-day simple moving average. However, the stock is currently trading approximately -24.67% below its SMA50 and -40.49% below its SMA200.

Stochastic coefficient K was 75.12% and Stochastic coefficient D was 76.72%, while ATR was 5.39. Given the Stochastic reading of 79.03% for the 14-day period, the RSI (14) reading has been calculated as 53.68%. As of today, the MACD Oscillator reading stands at 0.26, while the 14-day reading stands at 4.22.

Analyst Ratings

UBS launched its rating on Baidu Inc. (NASDAQ: BIDU) to a Buy in a note to investors on September 16, 2022. Baidu Inc. (BIDU) has been rated Buy by analysts. According to 0 brokerage firms, BIDU is a sell, and 7 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 5 analysts rate Baidu Inc. stock as buy, with 35 recommending it as overweight.

With a median target price of $1235.53, the current consensus forecast for the stock is $652.47 – $1699.21. Based on these forecasts, analysts predict Baidu Inc. (BIDU) will achieve an average price target of $1198.63.


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