Baidu Inc ADR (NASDAQ: BIDU) – Time For Strategy Change?

Baidu Inc ADR (NASDAQ:BIDU) currently has a daily average trading volume of 4.30M but it saw 3220824 shares traded in last market. With a market cap of 23.95B USD, the company’s current market price of $85.58 came falling about -3.14 while comparing to the previous closing price of $88.35. In past 52 weeks, the stock remained buoying in the range of price level as high as $120.25 and as low as $78.95. In the recent trading on the day, stock has struck highest price mark of $85.415 while lowest mark touched by it was $86.98.

Taking a look at 20-day trading activity of Baidu Inc ADR (BIDU) gives us an average price of $86.63, while its current price level is -28.83% below from 52-week high level whereas it is 8.40% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $89.37 while that of 200 days or SMA-200 reads an average of $94.38. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.25% during that period while stretching the period over a month that decreases to 2.23%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 44.73 which implies that the stock is in neutral territory.

Susquehanna downgraded its recommendation for the stock as a “Neutral” from “Positive” on November 25, 2024 while assigning a price target range of $105-$85. China Renaissance also issued its recommendations for the stock as it downgraded the price target for the stock is $86.

Over the week, BIDU’s stock price is moving -5.25% down while it is -0.51% when we observe its performance for the past one month. Year-to-date it is -28.14% down and over the past year, the stock is showing a downside performance of -25.34%.

Currently, Baidu Inc ADR’s total number of outstanding shares is 285.05M. Company’s return on investment (ROI) stands at 6.34% and return on equity (ROE) at 8.09%. It has a price to earnings ratio (P/E ratio) of 10.56 while having a 8.43 of forward P/E ratio. Stock’s beta reads 0.44. Stock has a price to book (P/B) ratio of 0.84 while price to sale or P/S ratio amounts to 1.29. Its return on asset (ROA) is 4.91% on average.