Baidu Stock Price | BIDU Shares Chart

Baidu Stock Price | BIDU Shares Chart | US0567521085Central Index Key (CIK): 0001329099 | ISIN: US0567521085 | Symbol: BIDU | Type: Stock.
Baidu Inc is a Chinese tech giant providing internet services and AI technologies. The search engine of the same name is ranked 4th in the list of the most visited in the world and number 1 in China. It is the first Chinese company to enter the NASDAQ-100 index. Baidu does not pay dividends to shareholders. The main region of Baidu Inc's operations is China. The headquarters is located in Beijing. Baidu (NASDAQ:BIDU) stock price online, charts, stock price history, technical and fundamental analysis, reports, dividends, comments and more.


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Technical Analysis Baidu Stock


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Fundamental Analysis Baidu Stock


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A Brief History of Baidu Stocks from Simple-Invest

Baidu Inc was established in 2000. For 4 years it has taken a leading position in the Chinese search engine market, which it retains to this day.

2005 - initial listing on NASDAQ, as a result of which Baidu Inc stocks have risen in price by more than 4 times. Prior to this, not a single company on the American stock market could achieve such success.

2007 - Inclusion of Baidu stocks in the NASDAQ-100 index.

2010 - an attack by Iranian hackers, as a result of which the traffic was redirected to another site. Significant expansion of the functionality of Internet pages, which helped to attract a larger audience.

2011 - revenue growth by 78%, profit - by 137.4%. The share of the search engine in China was 75%, which is significantly higher than that of Google. Development of its own browser of the same name, adapted to the needs of the Chinese audience, which strengthened the company's Internet presence.

2012 - Purchase of a majority stake in online video provider iQIYI, creating a cloud technology center with an investment of $ 1.6 billion.

2017 - Baidu and Xiaomi combine to jointly develop artificial intelligence technologies, including computer vision and deep learning. This helped to counter strong competitors like Google and Amazon. The plans include world leadership in the field of AI and an increase in the volume of the domestic market for high-tech solutions to $ 150 billion.

June 2017 - An update to Baidu's rules for using the search engine. Now, to access some online services, you need to enter personal data and a phone number. This need arose due to the requirements of the cybersecurity law in China.

July 2017 - the beginning of cooperation with Nvidia with the aim of integrating Artificial Intelligence into cloud computing, self-driving cars and smart home systems.

2018 - listing of purchased iQIYI, which brought in $ 2.4 billion, transformation of the financial division into a separate company Du Xiaoman.

2020 - $ 3.6 billion purchase of TV Live, one of the most popular Chinese online streaming services. In the same year, Baidu entered the TOP 50 most popular sites in the world.

The beginning of 2021 saw a new collaboration with Geely Automobile, which led to the creation of an artificial intelligence vehicle enterprise. Today Baidu is a high-tech leader in China. The company is in the TOP-3 of the largest cloud services and ranks 1st in the use of alternative energy sources.

What is Important for an Investor to Know

According to the report for the first quarter of 2021, the company's revenue increased by 25% compared to last year. It amounted to 28.13 billion yuan. In particular, online marketing revenue increased by 27%. Non-marketing directions, including cloud services, brought in 70% more than in the same period last year. IQIYI video streaming service revenue grew 4%. Net profit showed a sharp increase compared to last year's value for the same period.

According to forecasts, Baidu's revenue in the second quarter should grow at an annual growth rate of 14-25%, amounting to 29.7-32.5 billion yuan. Analysts expect the company's financials to outperform the market.

Baidu shares are at the lower end of the range that was predicted by global analysts. This is 66% below the fair value consensus. At the moment, the company's securities have adjusted at the level of 2016 - 2019. If the resistance is overcome, the growth of quotations will be 80% in the annual interval.

Despite belonging to the IT industry, Baidu shares are orders of magnitude cheaper than their American counterparts. This is a characteristic feature of tech companies in China, since analysts, when forming a value, immediately lay down the risks of political strife between China and the United States. In addition to the tension in the external economic environment, the following factors have an impact on Baidu's stock quotes:

  • indicators of financial statements;
  • sanctions from the West;
  • increased competition;
  • scandals and lawsuits to which the corporation is directly involved;
  • general trends in the growth and development of IT technologies in China.

As trade relations between China and the United States escalated, the situation began to deteriorate. Financial sanctions were applied and the share price fell. In January 2018, quotes were at $ 258, and in December - already $ 157. Everything was aggravated with the arrival of the pandemic and the onset of the global crisis. March 2020 was marked by a low of $ 85, after which the stock went up. Thanks to the quarantine popularization of online services, they peaked at $ 339 in February 2021, after which they continued to fall. As of July 26, 2021, Baidu was quoted at $ 172.66.

It is important for investors to take into account that the Chinese economy is extremely sensitive to the factors of the global economy. A decline in GDP, changes in China's imports and exports have a detrimental effect on investor attitudes. However, the strong performance of the financial statements allows us to speak about the rapid recovery of positions. In particular, analysts at Bank of America and Citigroup call Baidu shares promising in terms of long-term investments.

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Comments

$BIDU Baidu stock technical analysis January 23, 2022

Background. (Weekly timeframe)
Globally, stocks are in a downtrend. Since February 2021, the share price has been in a downward channel, which it managed to break through in October 2021, returning to its key level of $163. Since August 2021, Baidu's share price has been in a broad sideways trend of $135-170.

Presently. (Daily timeframe)
Now the share price is $156.
The goal set a week ago worked out! Nevertheless, the price significantly exceeded the forecast and at the moment reached $165. On Friday, it corrected and ended up at the upper limit that I set for it. Also, in one day I was able to close the gap and unload a little on the RSI. In the near future, I expect the growth to continue and the price to return to the key level around $163

Short term goals - $165 per stock
Mid-term targets - $173 per stock

Technical analysis of Baidu $ BIDU stock.

Background. (Weekly timeframe)
Globally, Baidu shares are in a downtrend. Since February 2021, it has been in a downward channel, which it was able to break through in October 2021, returning to its key level of $ 163. On December 6, there was a test of the channel breakout at a price of $ 135, as well as the horizontal support level, which helped us out in August 2020.

Presently. (Daily timeframe)
Baidu's share price is now $ 144. Since the beginning of December, a converging triangle formation has formed. Now we are on the verge of breaking through its borders. Such triangles can break both up and down. Everything will depend mostly on the news background. As for the minuses, I see a divergence in the RSI, which can roll the price down to the lower Bollinger band in the area of ​​$ 137.

Medium-term goals - I'm waiting for a trend reversal.
Short-term goals - $ 150

Emotions. Fear.

Fear is number one on the list because it tends to wreak havoc on investor psychology and trading accounts, probably the most powerful emotion of all.
When it comes to fear, there are four main fears associated with trading / investing.

Fear of losing.

Fear of losing is a common emotion in trading / investing because we grew up in a world where success is measured by how much money you have or how well you do your job. Unfortunately, the success rate of new traders entering the market is very low, and in most cases this is due to the fact that they lack proper education (trading is a profession, just like any other and it needs to be learned) and a good strategy.

The fear of losing a trade often causes hesitation when it comes time to make or exit a trade, which in turn can cause you to miss out on an entry opportunity or enter a position at the wrong time.

Mistrusting a good strategy (when it tells you when to enter and exit positions), out of fear of loss, will undermine your confidence in the strategy and your ability to follow it flawlessly.

Even professional traders suffer losses, but the key thing that differentiates them from emotional traders is that they understand and trust the statistical characteristics of their strategy and their confidence to follow that strategy without fear.

The fear of missing out is another major problem, and good examples of this are GameStop's irrational rally in 2021, or what is happening with $ TSLA stock now that even Elon says the stock is too expensive.

People who are afraid of missing out on the profits that everyone who invested gets, they earn so much and that worst of all they shout about it from all social media. nets that FOMO-sapiens throw away caution and just jump into highly overheated instruments.

Loss fear

The fear that a winning trade will turn into a loss is often felt by investors who have suffered more losses than profits in the past. So much so that whenever they see a profit on the table, they want to pick it up as soon as possible in order to feel like a winner.

Investors who experience this fear often close their trades too quickly, just to see the market go in its intended direction afterward without them. Then they say to themselves, “If I had only kept this trade, I would have made a lot more money!” Which is a cognitive bias (creepy determinism, or inevitability effect) and investors who do not have a strategy that was designed to maximize profits and minimize risk often fall into this situation.

Fear of being wrong

Fear of being wrong in trading has more to do with the trader's desire to prove himself right, rather than focusing on making money. If you had a strategy that you know is consistently profitable, you would have no fear that the trade might not work.

Traders who experience this fear make the most common mistakes, such as taking profits too quickly or increasing stop-losses in the hope that the trade will again work in their favor, which in most cases only leads to increased losses.

There will always be losses in trading and they must be taken as part of an integral part of trading / investing.

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