Baidu, Inc. (NASDAQ:BIDU) [Trend Analysis] retains strong position in active trade, as shares scoring -0.30% to $195.45 in an active trade session, while looking at the shares volume, around 3.62 Million shares have changed hands in this session. Chinese search engine giant has fallen on hard times in recent years, grinding lower in an endless correction that’s caused the majority of long-suffering shareholders to pull up stakes and move on to other opportunities. Baidu may have ended its long correction with this week’s breakout above a trendline of lower highs but needs technical confirmation through stronger accumulation and an impressive rally above 200.
Lets us look over what analysts have to say about performance of the BIDU. Starting with EPS for the final quarter of this year. EPS is usually the indicator of profitability for the company. According to WSJ analysis, the Q4 2016 current estimates trends were for $1.15 as compared to the next year Q1 current trend of $1.28. While on annual basis the current EPS estimates trend for FY 2017 came in for $6.62 as compared to three months ago $6.62.
The stock prices target chart showed high target of 222.00 kept by analysts at WSJ while the average price target was for 184.37 as compared to current price of 195.45. Somehow, the stock managed to gain BUY ratings by 17 analysts in current tenure as 1 analyst having overweight ratings, 9 recommend as HOLD, 2 stands at Underweight and 2 gave it as a SELL security for current period. Overall, the consensus ratings were for Overweight by the pool of analysts.
The firm has institutional ownership of 84.60%, while insider ownership included 15.60%. BIDU attains analyst recommendation of 2.30 with week’s performance of 4.80%. Investors looking further ahead will note that the Price to next year’s EPS is 46.59%.
Weibo Corporation (NASDAQ:WB) [Trend Analysis] knocking active thrust in leading trading session, shares a loss of -0.06% to 49.48 with around 1.02 Million shares have changed hands in this session. Finally to see some strong financial remarks by WSJ over WB performance. Out of the pool of analysts 9 gave their BUY ratings on the stock in previous month as 10 analysts having BUY in current month. The stock was ranked as Underweight by 1 analyst while 0 analysts gave SELL rank. Majority ranked Overweight from the pool of analysts.
The next year first quarter EPS estimates trend for current period shows $0.16 while one month ago this estimate trend was for $0.16. EPS indicator shows the robustness of the stock and its analysis opens up the clear picture of company’s profitability. On annual basis of EPS, FY 2017 Estimate Trends at current were for $1.03 and for the one month was for $1.01 as compared to three months ago was for $0.80. Whereas, WB received highest price target of 70.00 and low target of 34.00. The stock price target chart showed average price target of 43.92 as compared to current price of 49.48.
The stock is going forward its fifty-two week low with 351.05% and lagging behind from its 52-week high price with -5.37%.
Similar, the positive performance for the quarter recorded as 79.21% and for the year was 343.37%, while the YTD performance remained at 153.74%. WB has Average True Range for 14 days of 2.15.