Notable Stock to Watch: Baidu (NASDAQ:BIDU)

Baidu (NASDAQ:BIDU) spotted trading -56.86% off 52-week high price. On the other end, the stock has been noted 6.23% away from the low price over the last 52-weeks. The stock changed -0.67% to recent value of $113.45. The stock transacted 2535327 shares during most recent day however it has an average volume of 4242.21K shares. The company has 350.78M of outstanding shares and 0.67M shares were floated in the market.

On Aug.19, 2019, Baidu (NASDAQ:BIDU) the leading Chinese language Internet search provider, released its unaudited financial results for the second quarter ended June 30, 2019[1].

Our focus on strengthening Baidu’s mobile ecosystem through knowledge-based content, BJH accounts, smart mini programs and managed pages on Baidu’s platform is translating into better user experience, stronger traffic growth, and, we believe, ultimately higher conversion for our customers. In June, Baidu App DAUs reached 188 million, up 27% year over year, in-app search queries grew over 20% year over year and smart mini program MAUs reached 270 million, up 49% sequentially, said Robin Li, Baidu co-founder and CEO. On Baidu’s AI businesses, DuerOS voice assistant continues to experience strong momentum with installed base surpassing 400 million devices, up 4.5 fold year over year, and monthly voice queries surpassing 3.6 billion, up 7.5 fold year over year, in June. As mobile internet penetration in China slows, we are excited about the huge opportunity to provide content and service providers a cross-platform distribution channel beyond mobile, into smart homes and automobiles.

Baidu delivered a solid second quarter with revenues reaching RMB 26.3 billion, growing 9% sequentially, and Baidu Core revenues growing 12% sequentially, despite the weak macro environment, our self-directed healthcare initiative, industry-specific policy changes and large influx of ad inventory. said Herman Yu, Baidu CFO. With Baidu traffic growing robustly and our mobile ecosystem continuing to expand, we are in a good position to focus on capitalizing monetization and ROI improvement opportunities to deliver shareholder value.

Its earnings per share (EPS) expected to touch remained 48.90% for this year while earning per share for the next 5-years is expected to reach at 1.30%. BIDU has a gross margin of 46.30% and an operating margin of 15.60% while its profit margin remained 19.40% for the last 12 months.

According to the most recent quarter its current ratio was 2.8 that represents company’s ability to meet its current financial obligations. The price moved ahead of -1.39% from the mean of 20 days, -1.80% from mean of 50 days SMA and performed -28.72% from mean of 200 days price. Company’s performance for the week was 1.57%, -2.23% for month and YTD performance remained -28.47%.

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