Million

Resistance

Billion

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>NASDAQ: BIDU stock saw a $1.50 rise on the August 24 trading session.&nbsp;</a> </li> 
 <li> <span>2</span> <a>At the time of publishing, BIDU stock price was below its annual price target of $180.25.</a> </li> 
 <li> <span>3</span> <a>BIDU stock was trading below the 20-day and 100-day exponential moving averages.</a> </li> 
</ul> 
<p>NASDAQ: BIDU stock added $1.50 to its trading price on the August 24 trading session. It opened at $135.28, lowering to $133.85; it hit a high of $137.10 and closed at $134.01 with an intraday trading volume of 3.109 Million. Most importantly, the trading volume in the last trading session was dominated by sellers.</p> 
<p>On August 25, Baidu, Inc. stock opened 1.03% below its previous closing price, and at press time, it was trading at $132.78 with a trading volume of $431.509k, reflecting that immense selling pressure in the first half of the ongoing session. Baidu, Inc. has a market capitalization of $48.162 Billion, and its share average trading volume is 2.406 Million.&nbsp;</p> 
<p>At press time, BIDU stock price was below its annual price target of $180.25. Despite continuous selling, the company’s stock price surged 6.47% in a week and by 9.98% in a quarter.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-bidu-stock-price-analysis-strong"><strong>BIDU Stock Price Analysis&nbsp;</strong></h2> 
<p>Significant selling volume was noticed between August 01 and press time, and on August 22, its trading price surged over 2.75%.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh5.googleusercontent.com/eSFvf0f5pYwNU3CikwOllxegd2ZpVQFBkoVq2EhK0mIPjgNvma_T1phjJV5LdBMEN0m1UBjjEeF38LndxUg3I72fibvE7-V3qYvmfVOB-bjda-wmh-iTJMHuafxYd3JTfc8662Row2t5-VzGpEv7rn0" alt="Baidu, Inc Stock Continuously Tumbling Reflecting Majority Sellers"> 
  <figcaption class="wp-element-caption">
    Source: BIDU stock price chart from TradingView&nbsp; 
  </figcaption> 
 </figure> 
</div> 
<p>If sellers continue to dominate over sellers, then<a href="https://www.thecoinrepublic.com/2023/08/15/baidu-inc-bidu-stock-earnings-on-august-22-next-stop-170/" rel="noopener noreferrer nofollow"> BIDU share price</a> might fall and meet immediate support of $125.15 and possibly next support of $121.33.&nbsp;</p> 
<p>In case buyers dominate, there are possibilities that Baidu stock is likely to face resistance at $134.49 followed by $136.56.&nbsp;</p> 
<p>At press time, BIDU stock was trading below the 20-day and 100-day exponential moving averages. According to TradingView, 276.408 Million Baidu, Inc. shares are free-floating, and the remaining 42.021k shares are closely held by the company’s financial backers or the board of directors.&nbsp;</p> 
<h3 class="wp-block-heading" id="strong-baidu-inc-earning-revenue-strong"><strong>Baidu, Inc Earning &amp; Revenue&nbsp;</strong></h3> 
<p>In Q1 2023, the reported revenue was 3.76% more revenue than estimated $4.37 Billion. In Q2, the reported revenue was 2.32% more than the estimated $4.59 Billion.</p> 
<p>Baidu, Inc. is yet to release its third and fourth-quarter revenue. The estimated value according to analysts is $4.85 Billion in Q3 and $5.06 Billion in Q4 2023. Earnings per share of the company showed a significant rise in both quarters. In Q1, EPS surged over 31%, and in Q2, a sharp uptrend of 34% was seen in the reported EPS.&nbsp;</p> 
<p>In the financial year 2022, the company reported $17.92 Billion in revenue from which its gross profit was 48%, earnings before interest, taxes, depreciation, and amortization (EBITDA) was 28%, earnings before interest and taxes (EBIT) was 13%, and its net income was 6%.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<p>Support Level: $125.15 and $121.33</p> 
<p>Resistance Level: $134.49 and $136.56</p> 
<h4 class="wp-block-heading"><strong>Conclusion&nbsp;</strong></h4> 
<p>BIDU stock was trading below the 20-day and 100-day exponential moving averages amid sustained selling.The company’s <a href="https://www.thecoinrepublic.com/2023/08/15/baidu-inc-bidu-stock-earnings-on-august-22-next-stop-170/" rel="noopener noreferrer nofollow">stock price</a> surged over 6.47% in a week and over 9.98% in a quarter. In Q1 2023, Baidu, Inc. was expected to report $4.37 Billion in revenue; however, the reported value was 3.76% more revenue than the estimated figure. As per market analysts, Baidu, Inc. stock will continue to surge.</p> 
<h5 class="wp-block-heading"><strong>Disclaimer&nbsp;</strong></h5> 
<p>The views and opinions stated by the author or any people named in this article are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.</p>

Baidu, Inc Stock Continuously Tumbling Reflecting Majority Sellers

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Thecoinrepublic.com

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