NetEase Inc ADR [NASDAQ: NTES] closed the trading session at $112.35 on 11/16/23. The day’s price range saw the stock hit a low of $109.50, while the highest price level was $114.72. The company report on November 16, 2023 at 3:38 AM that NetEase Announces Third Quarter 2023 Unaudited Financial Results.
NetEase, Inc. (NASDAQ: NTES and HKEX: 9999, “NetEase” or the “Company”), a leading internet and game services provider, today announced its unaudited financial results for the third quarter ended September 30, 2023.
The stocks have a year to date performance of 54.69 percent and weekly performance of -0.55 percent. The stock has been moved at 29.08 percent over the last six months. The stock has performed 7.98 percent around the most recent 30 days and changed 14.30 percent over the most recent 3-months.
If compared to the average trading volume of 922.11K shares, NTES reached to a volume of 2630774 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 ADR [NTES]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for NTES shares is $128.12 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 1.30. 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.
Bernstein have made an estimate for NetEase Inc ADR shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on June 05, 2023.
The Average True Range (ATR) for NetEase Inc ADR is set at 2.61, with the Price to Sales ratio for NTES stock in the period of the last 12 months amounting to 4.88. The Price to Book ratio for the last quarter was 4.36, with the Price to Cash per share for the same quarter was set at 24.94. Price to Free Cash Flow for NTES in the course of the last twelve months was 16.28 with Quick ratio for the last quarter at 2.89.
NTES stock trade performance evaluation
NetEase Inc ADR [NTES] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.55. With this latest performance, NTES shares gained by 7.98% in over the last four-week period, additionally plugging by 29.08% over the last 6 months – not to mention a rise of 56.91% 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 59.23, with the RSI for the last a single of trading hit 56.48, and the three-weeks RSI is set at 59.18 for NetEase Inc ADR [NTES]. The present Moving Average for the last 50 days of trading for this stock 104.79, while it was recorded at 114.14 for the last single week of trading, and 96.09 for the last 200 days.
NetEase Inc ADR [NTES]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and NetEase Inc ADR [NTES] shares currently have an operating margin of +20.34 and a Gross Margin at +54.68. NetEase Inc ADR’s Net Margin is presently recorded at +20.43.
Return on Total Capital for NTES is now 15.10, given the latest momentum, and Return on Invested Capital for the company is 18.98. Return on Equity for this stock inclined to 19.58, with Return on Assets sitting at 12.00. When it comes to the capital structure of this company, NetEase Inc ADR [NTES] has a Total Debt to Total Equity ratio set at 27.18. Additionally, NTES Total Debt to Total Capital is recorded at 21.37, with Total Debt to Total Assets ending up at 16.47. Long-Term Debt to Equity for the company is recorded at 4.13, with the Long-Term Debt to Total Capital now at 3.25.
Reflecting on the efficiency of the workforce at the company, NetEase Inc ADR [NTES] managed to generate an average of $736,640 per employee. Receivables Turnover for the company is 13.99 with a Total Asset Turnover recorded at a value of 0.59.NetEase Inc ADR’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.89 and a Current Ratio set at 2.91.
Earnings per share (EPS) analysis for NetEase Inc ADR [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 ADR go to 2.52%.
NetEase Inc ADR [NTES]: Institutional Ownership
The top three institutional holders of NTES stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2579%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $201.66 billion in NTES stocks shares; and BERKSHIRE HATHAWAY INC, currently with $177.59 billion in NTES stock with ownership which is approximately 5.7994%.