Baidu keeps Buy rating at Benchmark but sees price target cut ahead of earnings
Seeking Alpha News (Mon, 6-May 8:53 AM ET)
TipRanks (Mon, 6-May 7:10 AM ET)
Here’s Why Tesla (NASDAQ:TSLA) Sued Tesla Power India
TipRanks (Mon, 6-May 5:48 AM ET)
BIDU Bullish Calendar Call Spread Appears to be a Bargain at 93 Cents
Market Chameleon (Thu, 2-May 3:35 PM ET)
How to Make 69% ROI with BIDU Bull Put Spread
Market Chameleon (Thu, 2-May 3:19 PM ET)
Chinese electric vehicle stocks jump while Tesla sits idle for the day
Seeking Alpha News (Thu, 2-May 11:31 AM ET)
TikTok Ban: Is The US Government Taking A Page From China's Censorship Book?
Benzinga (Wed, 1-May 5:11 PM ET)
PRNewswire (Mon, 29-Apr 8:00 AM ET)
BIDU Bullish Calendar Call Spread Looks Cheap at 94 Cents
Market Chameleon (Fri, 26-Apr 10:10 AM ET)
PRNewswire (Wed, 17-Apr 7:03 AM ET)
Baidu is the largest internet search engine in China with 84% share of the search engine market in September 2021 per web analytics firm, Statcounter. The firm generated 72% of core revenue from online marketing services from its search engine in 2022. 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 May 6, 2024, BIDU stock price climbed to $113.57 with 1,209,349 million shares trading.
BIDU has a beta of 1.46, meaning it tends to be more sensitive to market movements. BIDU has a correlation of 0.18 to the broad based SPY ETF.
BIDU has a market cap of $38.12 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 $3.08 earnings per share. This beat revenue expectation by $63 million and exceeded earnings estimates by $.60.
In the last 3 years, BIDU stock traded as high as $209.17 and as low as $73.58.
The top ETF exchange traded funds that BIDU belongs to (by Net Assets): PGJ, METV, KOMP, AIQ, DRIV.
BIDU stock has underperformed the market in the last year with a return of -2.7%, while SPY returned +27.9%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in BIDU shares. However, BIDU has outperformed the market in the last 3 month and 2 week periods, returning +10.5% and +19.5%, while SPY returned +4.5% and +4.0%, respectively. This indicates BIDU has been having a stronger performance recently.
BIDU support price is $110.77 and resistance is $116.05 (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 stock will trade within this expected range on the day.