Baidu stock: buy or sell
Updated on:
Apr 22nd, 2021
1
Baidu stock brief
- Baidu closed on Wednesday at $214.64 after skyrocketing a 3.20%.
- China Renaissance Securities published a strong buy rating for Baidu on Wednesday, with a forecast of $300.00
- Baidu, Inc. provides internet search services primarily in China.
Should I buy Baidu stock?
All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $BIDU stock a buy?
In the current situation of Baidu there is not any eligible buy setup. This doesn't mean $BIDU will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems
Should I sell Baidu stock?
"To sell or not to sell", if you are holding Baidu shares?. Like when we have to buy shares, deciding when is appropiate to sell is not a capricious decision, and we must follow our own trading strategy. Our trading system selects very simple strategies to guide us on when is a good moment to sell our shares. Be aware that these strategies should not be used for selling short $BIDU stock
As a golden rule, you should not mantain an operation that yields greater losses than those expected upon the buy. When to sell your stock should always be determined by the stop-loss (automatic or manual)
Is it time to sell Baidu stock?
In the current situation of Baidu there is not any eligible sell setup, so Baidu stock holders with operations in green can keep their positions
Baidu ratings
In the last month, 5 ratings were published for Baidu. General sentiment is bullish, with 4 out of 5 posting positive outlooks
| Brokerage firm | Rating |
|---|---|
| Mar 23rd, 2021 | |
| The Goldman Sachs Group | Neutral |
| Mar 29th, 2021 | |
| Loop Capital | Neutral → |
| Apr 13th, 2021 | |
| OTR Global | Buy |
| Apr 15th, 2021 | |
| China Renaissance Securities | |
| Apr 21st, 2021 | |
| China Renaissance Securities | |
Baidu stock analysis
SMAs overview
Supports and resistances
The current resistance levels are:
The current supports are:
Bollinger bands
Relative strength index
The RSI dropped below the overbought level of 70 last February after just crossing to the overbough zone for a single day (weak signal). The RSI value on Wednesday was 42.13. Since then, Baidu stock sank a 36.08%
Baidu stock price history
Baidu went public priced at an adjusted price1 of $6.60 on Aug 2005. Since then, BIDU stock has risen by 3,152.12%, with an average of 210.14% per year. If you had invested $1,000USD in Baidu stock on Aug 2005, it would worth $32,521.21 today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Baidu stock
How much a stock will be priced tomorrow or next week is quite unpredictable. However, many stock price predictions are published every day by banks, financial institutions and independent analysts.
Along with buy or sell recommendations, brokerage institutions release their price estimates based on the stock price action and the company fundamental data. Most of these predictions follow the publication of new fundamental data by the company, and many times. If you are a small investor you should not trade based on these projections.
Averaging all price targets exposed below, the estimated price for Baidu stock is $328.33. Baidu closed at $214.64 on Wednesday, that is a 34.63% than the target price.
| Brokerage firm | Price target |
|---|---|
| Mar 23rd, 2021 | |
| The Goldman Sachs Group | $383.00 → $385.00 |
| Mar 29th, 2021 | |
| Loop Capital | Not available |
| Apr 13th, 2021 | |
| OTR Global | Not available |
| Apr 15th, 2021 | |
| China Renaissance Securities | $325.00 → $300.00 |
| Apr 21st, 2021 | |
| China Renaissance Securities | $325.00 → $300.00 |
Earnings and financials
Baidu, Inc. ($BIDU) posted quarterly earnings of $3.08 per share last February, highly improving the Market consensus estimate of $2.61 per share. This Q4 report means an earnings surprise of 18.01%. On the contrary, the company said turnover was $4.6 billion aligned with analysts' estimates.
In contrast, the EPS for the same quarter last year was $26.54, so current EPS is a drop of -88.39%. Revenue slightly moved on an annualized basis in the , from $288.8B to $302.6B last quarter.Baidu ($BIDU) presents Q1 earnings report mid next May. Analysts estimate of $1.66, that is a 46.10% less than previous quarter.
Baidu performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| Baidu ($BIDU) | -16.90% | -18.50% | 65.10% |
Important:
The comments contained in this post are personal and not recommendations for you to buy or sell shares. The author of this document does not have any knowledge of the particular conditions of the reader, his or her finances or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Thoughts are expressed for informational reasons onlyBaidu summary
| Wednesday, April 21st, 2021 | |
|---|---|
| Open | $206.4 |
| Close | $214.64 |
| Day range | $205.51 - $214.65 |
| Previous close | $207.99 |
| Session gain | 3.20% |
| Average true range | $9.14 |
| 50d mov avg | $259.16 |
| 100d mov avg | $232.45 |
| 200d mov avg | $179.95 |
| Earnings date | May 17th, 2021 |