NetEase Inc ADR [NASDAQ: NTES] closed the trading session at $82.25.
The stocks have a year to date performance of -11.71 percent and weekly performance of -8.68 percent. The stock has been moved at -24.43 percent over the last six months. The stock has performed -12.90 percent around the most recent 30 days and changed -16.38 percent over the most recent 3-months.
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If compared to the average trading volume of 1.66M shares, NTES reached to a volume of 7222470 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 $120.93 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 1.51. 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.
Barclays have made an estimate for NetEase Inc ADR shares, keeping their opinion on the stock as Equal Weight, with their previous recommendation back on June 13, 2024. The new note on the price target was released on May 23, 2024, representing the official price target for NetEase Inc ADR stock. Previously, the target price had yet another drop from $135 to $120, while Morgan Stanley kept a Overweight rating on NTES stock.
The Average True Range (ATR) for NetEase Inc ADR is set at 2.89, with the Price to Sales ratio for NTES stock in the period of the last 12 months amounting to 3.47. The Price to Book ratio for the last quarter was 2.94, with the Price to Cash per share for the same quarter was set at 27.79. Price to Free Cash Flow for NTES in the course of the last twelve months was 10.23 with Quick ratio for the last quarter at 3.00.
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 -8.68. With this latest performance, NTES shares dropped by -12.90% in over the last four-week period, additionally sinking by -24.43% over the last 6 months – not to mention a drop of -19.25% 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 35.08, with the RSI for the last a single of trading hit 31.56, and the three-weeks RSI is set at 37.66 for NetEase Inc ADR [NTES]. The present Moving Average for the last 50 days of trading for this stock 91.77, while it was recorded at 89.50 for the last single week of trading, and 98.90 for the last 200 days.
NetEase Inc ADR [NTES]: An insightful look at the core fundamentals
NetEase Inc ADR’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.00 and a Current Ratio set at 3.01.
Earnings per share (EPS) analysis for NetEase Inc ADR [NTES] stock
With the latest financial reports released by the company, NetEase Inc ADR posted 1.9/share EPS, while the average EPS was predicted by analysts to be reported at 1.24/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.66. 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 6.80%.
NetEase Inc ADR [NTES]: Institutional Ownership
The top three institutional holders of NTES stocks are: NINETY ONE UK LTD with ownership of 6.43 million shares, which is approximately 1.0009%. GREENWOODS ASSET MANAGEMENT HONG KONG LTD., holding 3.82 million shares of the stock with an approximate value of $$365.07 million in NTES stocks shares; and GREENWOODS ASSET MANAGEMENT HONG KONG LTD., currently with $$265.96 million in NTES stock with ownership which is approximately 0.4332%.
