NetEase Inc. [NASDAQ: NTES] plunged by -$14.13 during the normal trading session on Monday and reaching a high of $97.67 during the day while it closed the day at $89.40. The company report on July 22, 2021 that NetEase Donates RMB50 Million to Support China’s Henan Relief Effort After Severe Flooding.
NetEase, Inc. (“NetEase” or “the Company,” NASDAQ: NTES; HKEX: 9999), one of China’s leading internet and online game services providers, announced a donation of RMB50 million (approximately US$7.7 million) and emergency aid to support recovery efforts in Henan Province, China after heavy rainfall and severe flooding.
Zhengzhou, Henan Province’s capital city, and other cities in the province have been hit by heavy rains, leading to major river overflows, public transportation disruptions and property and infrastructure damage, upending the daily lives of millions of people.
NetEase Inc. stock has also loss -20.36% of its value over the past 7 days. However, NTES stock has declined by -20.45% in the 3 months of the year. Over the past six months meanwhile, it has lost -28.07% and lost -6.65% year-on date.
The market cap for NTES stock reached $65.21 billion, with 669.93 million shares outstanding and 361.88 million shares in the current float. Compared to the average trading volume of 2.04M shares, NTES reached a trading volume of 11447548 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about NetEase Inc. [NTES]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for NTES shares is $134.71 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on NTES stock is a recommendation set at 1.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
China Renaissance have made an estimate for NetEase Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on July 13, 2021. The new note on the price target was released on August 14, 2020, representing the official price target for NetEase Inc. stock.
The Average True Range (ATR) for NetEase Inc. is set at 4.28, with the Price to Sales ratio for NTES stock in the period of the last 12 months amounting to 5.47. The Price to Book ratio for the last quarter was 4.52, with the Price to Cash per share for the same quarter was set at 21.08. Price to Free Cash Flow for NTES in the course of the last twelve months was 22.10 with Quick ratio for the last quarter at 2.30.
NTES stock trade performance evaluation
NetEase Inc. [NTES] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -20.36. With this latest performance, NTES shares dropped by -16.91% in over the last four-week period, additionally sinking by -28.07% over the last 6 months – not to mention a drop of -0.30% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for NTES stock in for the last two-week period is set at 23.85, with the RSI for the last a single of trading hit 16.44, and the three-weeks RSI is set at 29.49 for NetEase Inc. [NTES]. The present Moving Average for the last 50 days of trading for this stock 111.21, while it was recorded at 106.35 for the last single week of trading, and 104.98 for the last 200 days.
NetEase Inc. [NTES]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and NetEase Inc. [NTES] shares currently have an operating margin of +19.74 and a Gross Margin at +52.92. NetEase Inc.’s Net Margin is presently recorded at +16.37.
Return on Total Capital for NTES is now 13.82, given the latest momentum, and Return on Invested Capital for the company is 16.23. Return on Equity for this stock inclined to 16.32, with Return on Assets sitting at 9.23. When it comes to the capital structure of this company, NetEase Inc. [NTES] has a Total Debt to Total Equity ratio set at 24.73. Additionally, NTES Total Debt to Total Capital is recorded at 19.83, with Total Debt to Total Assets ending up at 14.32. Long-Term Debt to Equity for the company is recorded at 0.58, with the Long-Term Debt to Total Capital now at 0.46.
Reflecting on the efficiency of the workforce at the company, NetEase Inc. [NTES] managed to generate an average of $480,004 per employee. Receivables Turnover for the company is 12.44 with a Total Asset Turnover recorded at a value of 0.56.NetEase Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.30 and a Current Ratio set at 2.30.
Earnings per share (EPS) analysis for NetEase Inc. [NTES] stock
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for NTES. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for NetEase Inc. go to 1.86%.
NetEase Inc. [NTES]: Insider Ownership positions
There are presently around $21,375 million, or 38.90% of NTES stock, in the hands of institutional investors. The top three institutional holders of NTES stocks are: BLACKROCK INC. with ownership of 23,430,942, which is approximately 4.227% of the company’s market cap and around 45.00% of the total institutional ownership; ORBIS ALLAN GRAY LTD, holding 18,299,076 shares of the stock with an approximate value of $1.64 billion in NTES stocks shares; and INVESCO LTD., currently with $1.33 billion in NTES stock with ownership of nearly 37.57% of the company’s market capitalization.
Positions in NetEase Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 219 institutional holders increased their position in NetEase Inc. [NASDAQ:NTES] by around 24,779,695 shares. Additionally, 239 investors decreased positions by around 21,897,767 shares, while 57 investors held positions by with 192,421,508 shares. The mentioned changes placed institutional holdings at 239,098,970 shares, according to the latest SEC report filing. NTES stock had 64 new institutional investments in for a total of 6,275,596 shares, while 53 institutional investors sold positions of 2,388,186 shares during the same period.