Baidu Inc. (NASDAQ:BIDU) saw a downside of -2.60% to close Tuesday at $132.79 after subtracting -$3.55 on the day. The 5-day average trading volume is 2,484,300 shares of the company’s common stock. It has gained $137.07 in the past week and touched a new high 3 times within the past 5 days. An average of 2,549,450 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,297,488.
BIDU’s 1-month performance is 17.21% or $21.18 on its low of $109.88 reached on 12/28/22. The company’s shares have touched a 52-week low of $73.58 and high of $171.87, with the stock’s rally to the 52-week high happening on 01/13/23. YTD, BIDU has achieved 16.10% or $18.41 and has reached a new high 6 times. However, the current price is down -22.74% from the 52-week high price.
BIDU stock has a beta of 0.64. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.37 while the price-to-book (PB) in the most recent quarter is 1.44, with the price to cash flow ratio at 12.74.
Baidu Inc.’s quick ratio for the period ended June 29 was 2.50, with the current ratio over the same period at 2.50. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.28, while the total debt to equity was 0.40.. In terms of profitability, the gross margin trailing 12 months is 48.00%. The firm’s gross profit as reported stood at $9.44 billion against revenue of $19.54 billion.
For the quarterly period ending June 29 this year, Baidu Inc.’s cash and short-term investments amounted to $22.48 billion against total debt of $95.51 billion. Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -114.58% to $1.6 billion, while revenue of $0.0 was 100.0% off the previous quarter. Analysts expected BIDU to announce $1.46 per share in earnings in its latest quarter, but it posted $2.22, representing a 52.10% surprise. EBITDA for the quarter stood at more than $747.0 million. BIDU stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 23.38 billion, with total debt at $95.51 billion.
Let’s look briefly at Baidu Inc. (BIDU) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 24 January was 55.80% to suggest the stock is trending Neutral, with historical volatility in this time period at 55.09%.
The stock’s 5-day moving average is $131.80, reflecting a +1.66% or $2.17 change from its current price. BIDU is currently trading +17.78% above its 20-day SMA, -3.56% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +67.07% and SMA200 by-5.15%.
Stochastic %K and %D was 76.53% and 74.24% and the average true range (ATR) pointed at 5.34. The RSI (14) points at 58.24%, while the 14-day stochastic is at 55.08% with the period’s ATR at 5.43. The stock’s 9-day MACD Oscillator is pointing at 1.21 and 1.44 on the 14-day charts.
In the most recent analyst report for Baidu Inc. (NASDAQ: BIDU), UBS launched coverage with a Buy rating.