Baidu, Inc. (NASDAQ:BIDU) volatility low into Q2 and outlook

Baidu, Inc. (NASDAQ:BIDU) volatility low into Q2 and outlook


Baidu, Inc. (NASDAQ:BIDU) July call option implied volatility is at 34, August is at 37, September and December is at 33; compared to its 52-week range of 22 to 56, suggesting decreasing price movement into the expected release of Q2 results on July 22.

Shares of Baidu, Inc. (NASDAQ:BIDU) are trading -1.34% at the time of writing on the news and in the range of 178.81 – 185.86 for the current session. In taking a deeper look at the stock and where it might be headed, brokerage firms on Wall Street currently have a consensus one year price target of 1518.07 on the shares. This is according to analysts surveyed by Thomson Reuters First Call. The sell-side analysts are projecting earnings per share of 12.16 for the next fiscal quarter. For the current year, analysts are predicting earnings of 42.79 per share according to First Call.

In looking at where the stock is trading on a technical level, the stock is trading -8.72% away from its 50 day moving average of 202.71. Based on the most recent available data, the equity is -26.57% off of its 52-week high of 251.99 and +4.72% away from its 52-week low which is 176.69.

In taking a look at the company’s valuation, the firm’s price to earnings ratio stands at 31.49. This is a crucial indicator investors watch as higher ratios compared to peers, would suggest higher future earnings growth potential for the stock. The price to current year EPS estimates from research analysts currently stands at 4.32. In looking further ahead, potential investors should note that the company’s price to next year’s EPS estimates is 3.21.

Today, the stock opened at 179.53 and the last bid at the time of writing stood at 185.03. During the session thus far, the equity dipped down to 178.81 and touched 185.86 as the high point. Baidu, Inc. has a market cap of 64.99B and has seen an average daily volume of 3312200 over the past three months.