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 November 21, 2024, BIDU stock price declined to $81.63 with 7,624,779 million shares trading.

BIDU has a beta of 0.92, meaning it tends to be less sensitive to market movements. BIDU has a correlation of 0.07 to the broad based SPY ETF.

BIDU has a market cap of $28.62 billion. This is considered a Large Cap stock.

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, METV, QQQJ, DRIV.

BIDU has underperformed the market in the last year with a price return of -26.7% while the SPY ETF gained +32.2%. BIDU has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -7.2% and -10.2%, respectively, while the SPY returned +6.6% and +0.4%, respectively.

BIDU support price is $85.14 and resistance is $88.36 (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.