BIDU Stock Summary and Trading Ideas (Baidu - American Depositary Shares Each Representing 8 Ordinary Share | NASDAQ:BIDU)

Baidu is the largest internet search engine in China with over 50% share of the search engine market in 2024 per web analytics firm, Statcounter. The firm generated 72% of core revenue from online marketing services from its search engine in 2023. Outside its search engine, Baidu is a technology-driven company and its other major growth initiatives are artificial intelligence cloud, video streaming services, voice recognition technology, and autonomous driving.

Baidu - American Depositary Shares Each Representing 8 Ordinary Share trades on the NASDAQ stock market under the symbol BIDU.

As of December 20, 2024, BIDU stock price climbed to $85.80 with 2,098,727 million shares trading.

BIDU has a beta of 0.86, meaning it tends to be less sensitive to market movements. BIDU has a correlation of 0.06 to the broad based SPY ETF.

BIDU has a market cap of $30.09 billion. This is considered a Large Cap stock.

Last quarter Baidu - American Depositary Shares Each Representing 8 Ordinary Share reported $5 billion in Revenue and $2.37 earnings per share. This beat revenue expectation by $92 million and exceeded earnings estimates by $.02.

In the last 3 years, BIDU traded as high as $171.87 and as low as $73.58.

The top ETF exchange traded funds that BIDU belongs to (by Net Assets): AIQ, PGJ, QTUM, METV, QQQJ.

BIDU has underperformed the market in the last year with a return of -22.9%, while the SPY ETF gained +27.8%. In the last 3 month period, BIDU fell short of the market, returning -0.5%, while SPY returned +4.4%. However, in the most recent 2 weeks BIDU has outperformed the stock market by returning -0.7%, while SPY returned -2.4%.

BIDU support price is $83.36 and resistance is $87.80 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BIDU shares will trade within this expected range on the day.