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NetEase Inc. (NTES) Volatility At 2.27%, Should You Add A Position?

NetEase Inc. (NASDAQ: NTES) is 14.95% higher on its value in year-to-date trading and has touched a low of $53.09 and a high of $108.77 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The NTES stock was last observed hovering at around $83.77 in the last trading session, with the day’s loss setting it -0.28%.

Currently trading at $83.49, the stock is -5.26% and -5.63% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.78 million and changing -0.33% at the moment leaves the stock 3.21% off its SMA200. NTES registered -13.96% loss for a year compared to 6-month gain of 25.97%. The firm has a 50-day simple moving average (SMA 50) of $0.47 and a 200-day simple moving average (SMA200) of $2.03.

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The stock witnessed a -1.25% loss in the last 1 month and extending the period to 3 months gives it a 0.72%, and is -5.31% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.27% over the week and 2.19% over the month.

NetEase Inc. (NTES) has around 31119 employees, a market worth around $53.61B and $13.72B in sales. Current P/E ratio is 19.64 and Fwd P/E is 14.75. Profit margin for the company is 21.10%. Distance from 52-week low is 57.26% and -23.24% from its 52-week high. The company has generated returns on investments over the last 12 months (11.00%).

NetEase Inc. (NTES) Analyst Forecasts

NetEase Inc. is expected to release its quarterly report on 08/09/2023.The EPS is expected to grow by 19.50% this year

NetEase Inc. (NTES) Top Institutional Holders

The shares outstanding are 647.80M, and float is at 643.18M with Short Float at 0.69%.

NetEase Inc. (NTES): Who are the competitors?

The company’s main competitors (and peers) include Baidu Inc. (BIDU) that is trading -3.94% down over the past 12 months.

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