Is Baidu Inc Bidu Stock Trading Below Fair Value?
The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities. BIDU’s full-year Zacks Consensus Estimates are calling for earnings of $9.05 per share and revenue of $18.04 billion. These results would represent year-over-year changes of +7.74% and -6.5%, respectively. Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies, and more. 280 employees have rated Baidu Chief Executive Officer Robin Yanhong Li on Glassdoor.com.
Baidu has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock. According to analysts’ consensus price target of $204.00, Baidu has a forecasted upside of 139.5% from Forex news its current price of $85.19. The company’s average rating score is 2.85, and is based on 11 buy ratings, 2 hold ratings, and no sell ratings. The Zacks Consensus EPS estimate has moved 0.94% lower within the past month.
As of October 15th, there was short interest totaling 7,430,000 shares, an increase of 5.5% from the September 30th total of 7,040,000 shares. Based on an average daily trading volume, of 2,770,000 shares, the days-to-cover ratio is presently 2.7 days. Current records show that the company has 345.55M in outstanding shares. The insiders’ percentage Forex news holdings are 15.60% of outstanding shares while the percentage share held by institutions stands at 36.30%. The stats also highlight that short interest as of Jul 14, 2022, stood at 7.17 million shares, which puts the short ratio at the time at 2.62. From this we can glean that short interest is 2.07% of company’s current outstanding shares.
Digging into valuation, Baidu Inc. currently has a Forward P/E ratio of 8.64. Its industry sports an average Forward P/E of 20, so we one might conclude that Baidu Inc. is trading at a discount comparatively. Since then, BIDU shares have decreased by 42.3% and is now trading at $85.82. Baidu Inc. closed the most recent trading day https://www.investopedia.com/articles/forex/11/why-trade-forex.asp at $78.13, moving -0.13% from the previous trading session. Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data.
The list of unknowns has grown to levels to make even the most value-conscious growth investor throw in the towel on the Chinese market as a whole. Provide specific products and services to you, such as portfolio management or data aggregation. For those willing to take on extra risk, the Chinese equity market’s recent correction provides investors with undervalued opportunities. Our experts picked 7 Zacks Rank Baidu Inc stock forecast #1 Strong Buy stocks with the best chance to skyrocket within the next days. Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions. © 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed.
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BIDU currently holds a better value than 69% of stocks based on these metrics. Long term investors focused on buying-and-holding should find the valuation ranking system most relevant when making investment decisions. Baidu is the largest https://dotbig.com/ internet search engine in China with 84% share of the search engine market in September 2021 per web analytics firm, Statcounter. The firm generated 62% of revenue from online marketing services from its search engine in 2020.
- Coming into today, shares of the web search company had lost 9.71% in the past month.
- This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases.
- MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis.
- Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations.
- BIDU’s trailing-12-month earnings per share of 1.01 does justify its share price in the market.
Baidu said its adjusted earnings per ADS eased to 15.41 renminbi ($2.36) from 15.79 renminbi, while revenue fell 4% t… Analysts who follow Baidu Inc on average expect it to gain 60.78% over the next twelve months. Those same analysts give the stock an average rating of Strong BIDU stock price today Buy. That average rating earns Baidu Inc an Analyst Ranking of 47, which means it ranks higher than 47 of stocks, based on data compiled by InvestorsObserver. We sell different types of products and services to both investment professionals and individual investors.
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On that day, Baidu Inc. is projected to report earnings of $2.51 per share, which would represent year-over-year growth of 10.09%. Meanwhile, our latest consensus estimate is calling for revenue of $5.01 billion, up 1.09% from the prior-year quarter. Investors will be hoping for strength from Baidu Inc. as it approaches its next earnings release. On that day, Baidu Inc. is projected to report earnings of $2.44 per share, which would represent year-over-year growth of 7.02%. Meanwhile, our latest consensus estimate is calling for revenue of $4.74 billion, down 4.31% from the prior-year quarter. 21Vianet saw its shares surge in the last session with trading volume being higher than average.
The P/E ratio of Baidu is -14.87, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. A high percentage of insider ownership can be a sign of company health. In the past three months, Baidu insiders have not sold or bought any company stock. 44 people have searched for BIDU on MarketBeat in the last 30 days. MarketBeat has tracked 8 news articles for Baidu this week, compared to 9 articles on an average week.
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