Baidu Inc ADR (NASDAQ:BIDU) finished Friday with an addition of $1.9 to close at $134.35, an upside of 1.43 percent. An average of 1,189,860 shares of common stock have been traded in the last five days. There was a gain of $2.00 in the past week, and it reached a new high 13 times over the past 12 months. The last 20 days have seen an average of 1,460,240 shares traded, while the 50-day average volume stands at 1,952,554.
BIDU stock has decreased by -7.40% in the last month. The company shares reached their 1-month lowest point of $126.77 on 09/21/23. With the stock rallying to its 52-week high on 02/07/23, shares of the company touched a low of $73.58 and a high of $160.88 in 52 weeks. It has reached a new high 11 times so far this year and achieved 17.46% or $19.97 in price. In spite of this, the price is down -16.49% from the 52-week high.
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Valuation Metrics
Baidu Inc ADR (BIDU) has a trailing price-to-earnings (P/E) ratio of 20.92. The stock’s beta is 0.75. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.98, the price-to-book (PB) ratio at 1.46, and the price-to-cash flow ratio at 13.98.
Financial Health
The quick ratio of Baidu Inc ADR for the three months ended June 29 was 2.83, and the current ratio was 2.83, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.28 and a total debt to equity ratio of 0.39 for the quarter ending June 29. Its gross profit as reported stood at $8.66 billion compared to revenue of $17.93 billion.
Earnings Surprise
For the three-month period that ended June 29, Baidu Inc ADR had $1.99 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $1.1 billion in the quarter, while revenues were shrunk -46.44%. The analyst consensus anticipated Baidu Inc ADR’s latest quarter earnings to come in at $2.31 per share, but it turned out to be $3.08, a 33.30% surprise. For the quarter, EBITDA amounted to $718.0 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Baidu Inc ADR (BIDU) price momentum. RSI 9-day as of the close on 29 September was 51.53%, suggesting the stock is Neutral, with historical volatility in this time frame at 25.27%.
As of today, BIDU’s price is $132.28 +1.51% or $2.00 from its 5-day moving average. BIDU is currently trading -5.94% lower than its 20-day SMA and +9.68% higher than its 100-day SMA. However, the stock’s current price level is -6.07% below the SMA50 and +15.22% above the SMA200.
The stochastic %K and %D were 42.42% and 36.01%, respectively, and the average true range (ATR) was 3.09. With the 14-day stochastic at 53.53% and the average true range at 3.44, the RSI (14) stands at 48.31%. The stock has reached 1.06 on the 9-day MACD Oscillator while the 14-day reading was at -0.63.
Analyst Ratings
Morgan Stanley upgraded Baidu Inc ADR (NASDAQ: BIDU) to a an Overweight rating in its most recent analyst report. Previously, the stock was rated as an Equal-weight.
