BIDU Stock Forecast

BIDU Stock Forecast

Latest Stock Price

BIDU Stock Forecast: Fundamental Analysis

Total no of shares outstanding for the company is 345.5 million and its market capitalization $34.4 billion. EPS trailing for twelve months is $-5.09 and its PE ratio is 26.7x. the company announced that it will be posting quarter 3 results on 22nd November.

BIDU Stock Forecast: Latest Video

YouTube video

BIDU Stock Forecast: Why did the stock rise?

For the past year, the stock price kept tumbling down from $150 to its lowest low of $73. It has wiped out 35.5% of its wealth. However, since November, it has been climbing upward. This is due to the Geo-political pressure coming down. In one week the stock has risen by 14%. All the Chinese tech stocks are soaring after the G20 summit. In which Chinese leader Xi Jinping and US president Joe Biden spoke frequently. Chinese listed stocks are increasing since there is the optimism of no longer getting delisted from American exchanges. In China, there is also an ease seen in covid curbs placed by Chinese authorities.

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Vineet

Vineet

Vineet Agarwal is a trained technical analyst and avid stock trader. A graduate from a Top Technology Institute, Vineet carries out extensive technical and secondary research for this authored stock forecasts.

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