Baidu Inc ADR (NASDAQ:BIDU) shares traded 4.36% higher at $93.34 on Wall Street last session.
BIDU stock price is now 7.68% away from the 50-day moving average and 1.93% away from the 200-day moving average. The market capitalization of the company currently stands at $26.13B.
On November 25, 2024, Susquehanna Downgraded its previous ‘Positive’ rating to ‘Neutral’ on the stock reducing its target price from $105 to quote $85, while ‘China Renaissance’ rates the stock as ‘Hold’
In other news, MELISSA DONGMIN MA, Other: Affiliate bought 500,000 shares of the company’s stock on Jan 02 ’25. The stock was bought for $42,155,000 at an average price of $84.31. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 26 ’24, Director Ye Judy Qing bought 1,500 shares of the business’s stock. A total of $28,065 was incurred on buying the stock at an average price of $18.71. A total of 0.02% of the company’s stock is owned by insiders.
During the past 12 months, Baidu Inc ADR has had a low of $77.19 and a high of $116.25. As of last week, the company has a debt-to-equity ratio of 0.30, a current ratio of 2.19, and a quick ratio of 2.19. The fifty day moving average price for BIDU is $86.512 and a two-hundred day moving average price translates $91.6097 for the stock.
The latest earnings results from Baidu Inc ADR (NASDAQ: BIDU) was released for 2024-06-30. The net profit margin was 15.28% and return on equity was 8.09% for BIDU. The company reported revenue of $4.78 billion for the quarter, compared to $4.72 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 1.29 percent.
