The price of Baidu Inc ADR (NASDAQ:BIDU) shares last traded on Wall Street rose 5.91% to $120.12.
Based on available information, 51 analysts follow Baidu Inc ADR (NASDAQ:BIDU). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $1661.20 and a low of $777.62, we find $1224.12. Given the previous closing price of $113.42, this indicates a potential upside of 979.28 percent. BIDU stock price is now 0.17% away from the 50-day moving average and -10.18% away from the 200-day moving average. The market capitalization of the company currently stands at $33.21B.
Among analysts, 4 rate the stock a hold while 38 rate it a buy. Brokers who have rated the stock have averaged $1229.19 as their price target over the next twelve months.
With the price target maintained at $145, Nomura recently Upgraded its rating from Neutral to Buy for Baidu Inc ADR (NASDAQ: BIDU).
A total of 0.01% of the company’s stock is owned by insiders.
A candlestick chart of Baidu Inc ADR (NASDAQ: BIDU) showed a price of $115.82 on Wednesday morning. During the past 12 months, Baidu Inc ADR has had a low of $91.88 and a high of $160.88. As of last week, the company has a debt-to-equity ratio of 0.36, a current ratio of 2.82, and a quick ratio of 2.82. According to the stock market information, the enterprise value for the company is $26.35B, which is based on a 13.24 price-to-earnings ratio, a 1.03 price-to-earnings-growth ratio, and a beta of 0.74. The fifty day moving average price for BIDU is $119.92 and a two-hundred day moving average price translates $133.74 for the stock.
The latest earnings results from Baidu Inc ADR (NASDAQ: BIDU) was released for Jun, 2023. According to the Internet Content & Information Company, earnings per share came in at $2.85, beating analysts’ expectations of $2.31 by 0.54. This compares to -$0.15 EPS in the same period last year. The net profit margin was 17.08% and return on equity was 10.06% for BIDU. The company reported revenue of $4.72 billion for the quarter, compared to $4.57 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 3.21 percent. For the current quarter, analysts expect BIDU to generate $5.04B in revenue.
