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Saturday, June 3, 2023

There Is A Quest For Clarity Surrounding Baidu Inc. (NASDAQ: BIDU) Volatility

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Baidu Inc. (BIDU) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.04, or -0.03%, to $117.49. The Baidu Inc. has recorded 230,084 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Baidu Apollo Releases Major Product Updates to Help Manufacturers Build Smarter Cars for Tomorrow.

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Stocks Info

This NASDAQ-listed company operates within the Internet Content & Information industry segment, falling under the Communication Services sector. At the end of the last regular session, the stock closed at $117.53 and fluctuated between $119.81 as its day high and $116.04 as its day low. The current market capitalization of Baidu Inc. is $40.36B. A total of 1.86 million shares were traded on the day, compared to an average of 3.81M shares.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for BIDU in the last 3 months, the mean price target is $1,239.76 with high estimates of $1,619.54 and low estimates of $710.12. In terms of 52-week highs and lows, BIDU has a high of $160.88 and a low of $73.58.

As of this writing, BIDU has an earnings estimate of $1.8 per share for the current quarter. EPS was calculated based on a consensus of 15 estimates, with a high estimate of $2 per share and a lower estimate of $1.23. The company reported an EPS of $2.49 in the last quarter, which was 10.20% higher than expectations of $2.26.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. BIDU’s latest balance sheet shows that the firm has $180.09B in Cash & Short Term Investments as of fiscal 2021. There were $91.51B in debt and $74.49B in liabilities at the time. Its Book Value Per Share was $92.79, while its Total Shareholder’s Equity was $223.95B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 53 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for BIDU is Sell with a score of 4.71. A total of 38 analysts rated the stock as Buy while 7 rated it as Overweight while 6 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 2 thought it should be Sold.

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