The stock of Baidu Inc. (NASDAQ:BIDU) decreased by -$4.27 on Wednesday to $131.07, down -3.16 percent. The last five days have seen an average of 1,576,721 shares of common stock traded. 11 times new highs were reached in the current year, with a gain of $16.48. The average number of shares traded over the last 20 days was 1,757,935, while the average volume over the last 50 days totaled 1,943,508.
BIDU stock dropped -9.12% since last month. On 08/16/23, the company’s shares reached a one-month low of $130.20. The stock touched a high of $160.88 on 02/07/23, after rallying from a low of $73.58 in 52 weeks. The price of BIDU stock has risen by 14.59% or $16.48 this year, reaching a new high 11 times. Still, the stock price is down -18.53% from the 52-week high.
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Valuation Metrics
Baidu Inc. (BIDU) has a trailing price-to-earnings (P/E) ratio of 24.48. Beta for the stock is 0.75. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 2.73, the price-to-book (PB) ratio of 1.44.
Financial Health
For the three months ended March 30, Baidu Inc.’s quick ratio was 2.90, while its current ratio was 2.90, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending March 30 is 0.28, and the total debt to equity ratio is 0.38. As far as profitability goes, gross margin for the trailing twelve months is 49.70% percent. Baidu Inc.’s EBITDA margin for the year ended March 30 was 28.23%, whereas its operating margin stood at 14.50% for the same period. Based on annual data, it had gross profit of $8.66 billion and revenue of $17.93 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 3.50%. There was a 3.40% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 6.20%.
Earnings Surprise
According to Baidu Inc.’s quarterly financial report for the quarter that ended March 30, it had $1.99 billion in total debt versus $17.52 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 $17.93 billion, while revenues fell by -8.95% to $0.0. It was predicted that Baidu Inc.’s quarterly earnings would be $2.25, but it ended up being $1.75, beating the consensus by 28.60%. EBITDA was $725.0 million for the quarter. At the end of Baidu Inc.’s most recent quarter ended March 30, its liabilities totaled 23.61 billion, while its total debt was $94.43 billion.
Technical Picture
Here’s a quick look at Baidu Inc.’s (BIDU) price momentum from a technical perspective. As of 15 August, the RSI 9-day stood at 23.43%, suggesting the stock is oversold, with a 18.99% historical volatility rate.
The stochastic %K and %D were 6.89% and 10.54% respectively, while the average true range (ATR) was 4.98. Based on the 14-day stochastic reading of 2.46%, the RSI (14) reading is 32.79%. On the 9-day MACD Oscillator, the stock is at -6.25, and the 14-day reading is at -10.32.
Analyst Ratings
In its most recent analyst report, Morgan Stanley raised its rating on Baidu Inc. (NASDAQ: BIDU) to an Overweight. Prior to this, analysts firm rated the stock as an Equal-weight. 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, 6 rates it overweight and 39 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 $782.96 and $1651.73, with a median target price of $1289.18. In analyzing these forecasts, the average price target given by analysts for Baidu Inc. (BIDU) is $1290.75.
