NetEase Inc ADR [NASDAQ: NTES] gained 2.22% or 2.18 points to close at $100.22 with a heavy trading volume of 3271404 shares. 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 daily chart for NTES points out that the company has recorded -5.62% loss over the past six months.
If we look at the average trading volume of 2.23M shares, NTES reached to a volume of 3271404 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying 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 $135.93 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 1.32. 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.
Macquarie have made an estimate for NetEase Inc ADR shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on January 11, 2024.
The Average True Range (ATR) for NetEase Inc ADR is set at 3.59, with the Price to Sales ratio for NTES stock in the period of the last 12 months amounting to 4.35. The Price to Book ratio for the last quarter was 3.89, 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 14.52 with Quick ratio for the last quarter at 2.89.
Trading performance analysis for NTES stock
NetEase Inc ADR [NTES] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 13.41. With this latest performance, NTES shares dropped by -4.01% in over the last four-week period, additionally sinking by -5.62% over the last 6 months – not to mention a rise of 11.01% 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 58.48, with the RSI for the last a single of trading hit 67.67, and the three-weeks RSI is set at 53.72 for NetEase Inc ADR [NTES]. The present Moving Average for the last 50 days of trading for this stock 102.02, while it was recorded at 94.06 for the last single week of trading, and 99.34 for the last 200 days.
NetEase Inc ADR [NTES]: A deeper dive into fundamental analysis
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.
NetEase Inc ADR [NTES]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, NetEase Inc ADR posted 1.07/share EPS, while the average EPS was predicted by analysts to be reported at 1.16/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -7.80%. 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 2.57%.
An analysis of Institutional ownership at NetEase Inc ADR [NTES]
The top three institutional holders of NTES stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in NTES stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in NTES stock with ownership which is approximately 5.8325%.
