Spotting A Winner: Baidu Inc ADR (NASDAQ: BIDU) Retreats -1.54 And It Still Have Room To Run

Baidu Inc ADR (NASDAQ:BIDU) currently has a daily average trading volume of 3.36M but it saw 2441839 shares traded in last market. With a market cap of 22.77B USD, the company’s current market price of $81.34 came falling about -1.54 while comparing to the previous closing price of $82.61. In past 52 weeks, the stock remained buoying in the range of price level as high as $118.29 and as low as $78.95. In the recent trading on the day, stock has struck highest price mark of $80.48 while lowest mark touched by it was $81.83.

Taking a look at 20-day trading activity of Baidu Inc ADR (BIDU) gives us an average price of $86.58, while its current price level is -31.24% below from 52-week high level whereas it is 3.03% 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 $87.05 while that of 200 days or SMA-200 reads an average of $93.30. A closer look into the stock’s movement over the week reveals that its volatility is standing at 1.96% during that period while stretching the period over a month that increases to 2.27%. 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 37.33 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 -3.52% down while it is -5.89% when we observe its performance for the past one month. Year-to-date it is -3.52% down and over the past year, the stock is showing a downside performance of -31.01%.

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 10.04 while having a 8.09 of forward P/E ratio. Stock’s beta reads 0.45. Stock has a price to book (P/B) ratio of 0.80 while price to sale or P/S ratio amounts to 1.23. Its return on asset (ROA) is 4.91% on average.