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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 March 28, 2024, BIDU stock price climbed to $106.03 with 1,461,583 million shares trading.
BIDU has a beta of 1.24, meaning it tends to be more sensitive to market movements. BIDU has a correlation of 0.12 to the broad based SPY ETF.
BIDU has a market cap of $35.59 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 $228.53 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 has underperformed the market in the last year with a price return of -30.6% while the SPY ETF gained +33.7%. BIDU has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -7.3% and -1.7%, respectively, while the SPY returned +10.2% and +1.8%, respectively.
BIDU support price is $102.84 and resistance is $107.14 (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.