With 2.65 million shares changed hands, the volume of the stock remained lighter than its average volume of 3.47 million shares. During the session, the Internet Content & Information company that operates in wider Communication Services sector, reached to the highest price of $83.48 whereas the lowest price it dropped to was $81.8. The 52-week range on BIDU shows that it touched its highest point at $118.29 and its lowest point at $78.95 during that stretch. It currently has a 1-year price target of $109.73. Beta for the stock currently stands at 0.45.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of BIDU was down-trending over the past week, with a drop of -1.71%, but this was down by -3.65% over a month. Three-month performance dropped to -27.83% while six-month performance fell -13.41%. The stock lost -30.08% in the past year, while it has lost -2.02% so far this year. A look at the trailing 12-month EPS for BIDU yields 8.11 with Next year EPS estimates of 10.06. For the next quarter, that number is 2.25. This implies an EPS growth rate of -7.50% for this year and -1.46% for next year. EPS is expected to grow by 5.94% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -8.12%.
Float and Shares Shorts:
At present, 285.05 million BIDU shares are outstanding with a float of 279.90 million shares on hand for trading. On 2024-10-31, short shares totaled 6.82 million, which was 195.0 higher than short shares on 1727654400. In addition to Mr. Yanhong Li as the firm’s Co-Founder, Chairman & CEO, Mr. Junjie He serves as its Interim Chief Financial Officer.
Institutional Ownership:
Through their ownership of 0.26271 of BIDU’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-06-30, BIDU reported revenue of $33557000000.0 and operating income of $5925000000.0. The EBITDA in the recently reported quarter was $10369000000.0 and diluted EPS was $21.6.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for BIDU since 24 analysts follow the stock currently. There are 17 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 7 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With BIDU analysts setting a high price target of 1140.385 and a low target of 556.495, the average target price over the next 12 months is 800.6158. Based on these targets, BIDU could surge 1280.44% to reach the target high and rise by 573.64% to reach the target low. Reaching the average price target will result in a growth of 869.15% from current levels.
Analysts have provided yearly estimates in a range of $75.92608 being high and $72.97088 being low. For BIDU, this leads to a yearly average estimate of $74.48637.
