Baidu Inc ADR (BIDU) Stocks Experience Steady increase to Close at $103.50

Baidu Inc ADR (NASDAQ: BIDU) closed the day trading at $103.50 up 0.44% from the previous closing price of $103.05. In other words, the price has increased by $+0.45 from its previous closing price. On the day, 2169530 shares were traded.

Ratios:

For a better understanding of BIDU, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.98 and its Current Ratio is at 3.01. In the meantime, Its Debt-to-Equity ratio is 0.35 whereas as Long-Term Debt/Eq ratio is at 0.26.

On November 22, 2023, Nomura Upgraded its rating to Buy which previously was Neutral but kept the price unchanged to $145.

Morgan Stanley Upgraded its Equal-Weight to Overweight on June 20, 2023, whereas the target price for the stock was revised from $160 to $190.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, BIDU now has a Market Capitalization of 35.87B and an Enterprise Value of 20.75B. As of this moment, Baidu’s Price-to-Earnings (P/E) ratio for their current fiscal year is 13.23, and their Forward P/E ratio for the next fiscal year is 8.65. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.30. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.59 while its Price-to-Book (P/B) ratio in mrq is 0.86. Its current Enterprise Value per Revenue stands at 0.15 whereas that against EBITDA is 0.42.

Stock Price History:

Over the past 52 weeks, BIDU has reached a high of $156.98, while it has fallen to a 52-week low of $96.58. The 50-Day Moving Average of the stock is 104.99, while the 200-Day Moving Average is calculated to be 120.95.

Shares Statistics:

Over the past 3-months, BIDU traded about 3.48M shares per day on average, while over the past 10 days, BIDU traded about 2.95M shares per day. A total of 292.07M shares are outstanding, with a floating share count of 292.05M. Insiders hold about 0.01% of the company’s shares, while institutions hold 23.83% stake in the company. Shares short for BIDU as of Mar 28, 2024 were 5.31M with a Short Ratio of 1.53, compared to 6.05M on Feb 29, 2024.

Earnings Estimates

Current recommendations for the stock of the company come from 12 analysts. On average, analysts expect EPS of $2.25 for the current quarter, with a high estimate of $2.74 and a low estimate of $1.71, while EPS last year was $2.25. The consensus estimate for the next quarter is $2.83, with high estimates of $3.34 and low estimates of $2.48.

Analysts are recommending an EPS of between $12.19 and $9.79 for the fiscal current year, implying an average EPS of $10.92. EPS for the following year is $12.06, with 25 analysts recommending between $13.41 and $10.52.

Revenue Estimates

12 analysts predict $4.44B in revenue for the current quarter. It ranges from a high estimate of $4.59B to a low estimate of $4.34B. As of the current estimate, Baidu Inc ADR’s year-ago sales were $4.36B, an estimated increase of 1.80% from the year-ago figure. For the next quarter, 11 analysts are estimating revenue of $4.99B, an increase of 7.70% over than the figure of $1.80% in the same quarter last year. There is a high estimate of $5.07B for the next quarter, whereas the lowest estimate is $4.87B.

A total of 31 analysts have provided revenue estimates for BIDU’s current fiscal year. The highest revenue estimate was $20.77B, while the lowest revenue estimate was $19.63B, resulting in an average revenue estimate of $20.04B. In the same quarter a year ago, actual revenue was $18.61B, up 7.70% from the average estimate. Based on 28 analysts’ estimates, the company’s revenue will be $21.51B in the next fiscal year. The high estimate is $23.1B and the low estimate is $20.26B. The average revenue growth estimate for next year is up 7.30% from the average revenue estimate for this year.

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