In yesterday’s Wall Street session, Baidu Inc ADR (NASDAQ:BIDU) shares traded at $105.17, up 2.54% from the previous session.
BIDU stock price is now 21.41% away from the 50-day moving average and 5.86% away from the 200-day moving average. The market capitalization of the company currently stands at $30.72B.
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With the price target maintained at $100, HSBC Securities recently Downgraded its rating from Buy to Hold for Baidu Inc ADR (NASDAQ: BIDU). On August 23, 2024, Bernstein Downgraded its previous ‘Outperform’ rating to ‘Mkt Perform’ on the stock reducing its target price from $130 to quote $97, while ‘Jefferies’ rates the stock as ‘Buy’
A total of 0.00% 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 $136.53. 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 $246669312000, which is based on a 13.76 price-to-earnings ratio, a 2.00 price-to-earnings-growth ratio, and a beta of 0.48. The fifty day moving average price for BIDU is $86.9058 and a two-hundred day moving average price translates $99.30975 for the stock.
The latest earnings results from Baidu Inc ADR (NASDAQ: BIDU) was released for 2024-06-30. The net profit margin was 14.46% and return on equity was 8.03% for BIDU. The company reported revenue of $4.67 billion for the quarter, compared to $4.7 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -0.6 percent.
