NetEase Inc ADR (NASDAQ: NTES) is 20.52% higher on its value in year-to-date trading and has touched a low of $76.85 and a high of $118.89 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 $113.14 in the last trading session, with the day’s loss setting it -0.86%.
Currently trading at $112.28, the stock is 6.48% and 13.23% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.64 million and changing -0.76% at the moment leaves the stock 11.02% off its SMA200. NTES registered 42.16% gain for a year compared to 6-month loss of 8.45%. The firm has a 50-day simple moving average (SMA 50) of $0.58 and a 200-day simple moving average (SMA200) of $2.08.
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The stock witnessed a 13.08% gain in the last 1 month and extending the period to 3 months gives it a -1.77%, and is 5.04% up 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 1.97% over the week and 2.00% over the month.
NetEase Inc ADR (NTES) has around 31119 employees, a market worth around $70.20B and $14.41B in sales. Current P/E ratio is 19.24 and Fwd P/E is 15.71. Profit margin for the company is 26.36%. Distance from 52-week low is 46.10% and -5.56% from its 52-week high. The company has generated returns on investments over the last 12 months (23.04%).
NetEase Inc ADR quarterly earnings per share for the current quarter are estimated at $1.71 with sales reaching $3.94B over the same period.The EPS is expected to grow by 43.53% this year, but quarterly earnings will post 3.90% year-over-year. Quarterly sales are estimated to grow 7.00% in year-over-year returns.
620 institutions hold shares in NetEase Inc ADR (NTES), with institutional investors hold 12.97% of the company’s shares. The shares outstanding are 644.72M, and float is at 624.58M with Short Float at 0.78%. Institutions hold 12.79% of the Float.
The top institutional shareholder in the company is Invesco Ltd. with over 10.27 million shares valued at $992.76 million. The investor’s holdings represent 1.49% of the NTES Shares outstanding. As of Jun 29, 2023, the second largest holder is Ubs Asset Management Americas Inc with 8.56 million shares valued at $827.65 million to account for 1.24% of the shares outstanding. The other top investors are Ninety One UK Ltd which holds 6.77 million shares representing 0.98% and valued at over $678.03 million, while Dodge & Cox Inc holds 0.73% of the shares totaling 5.08 million with a market value of $490.99 million.
NetEase Inc ADR (NTES): Who are the competitors?
One of the company’s main competitors (and peers) include Baidu Inc. ADR (BIDU) that is trading -28.09% down over the past 12 months.
