The price of Baidu Inc ADR (NASDAQ:BIDU) shares last traded on Wall Street fell -4.40% to $85.79.
BIDU stock price is now -4.03% away from the 50-day moving average and -16.51% away from the 200-day moving average. The market capitalization of the company currently stands at $25.06B.
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With the price target reduced from $179 to $174, Jefferies maintained Buy rating for Baidu Inc ADR (NASDAQ: BIDU). On July 15, 2024, Citigroup reiterated its ‘Buy’ rating on the stock by increasing its target price from $170 to quote $155, while ‘Morgan Stanley’ rates the stock as ‘Equal-Weight’
A total of 0.01% of the company’s stock is owned by insiders.
During the past 12 months, Baidu Inc ADR has had a low of $79.68 and a high of $151.00. As of last week, the company has a debt-to-equity ratio of 0.33, a current ratio of 2.32, and a quick ratio of 2.32. According to the stock market information, the enterprise value for the company is $169509158912, which is based on a 11.23 price-to-earnings ratio, a 1.72 price-to-earnings-growth ratio, and a beta of 0.48. The fifty day moving average price for BIDU is $89.2326 and a two-hundred day moving average price translates $102.63935 for the stock.
The latest earnings results from Baidu Inc ADR (NASDAQ: BIDU) was released for 2024-03-31. The net profit margin was 14.46% and return on equity was 8.03% for BIDU. The company reported revenue of $4.37 billion for the quarter, compared to $4.54 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -3.75 percent.
