Things appear to be looking up for NetEase Inc ADR (NTES)

NetEase Inc ADR (NASDAQ: NTES) is 0.45% higher on its value in year-to-date trading and has touched a low of $75.85 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 $91.13 in the last trading session, with the day’s gains setting it 2.45%.

Currently trading at $93.58, the stock is 17.29% and 9.32% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.31 million and changing 2.69% at the moment leaves the stock -1.58% off its SMA200. NTES registered -5.41% loss for a year compared to 6-month loss of -9.56%. The firm has a 50-day simple moving average (SMA 50) of $85.6194 and a 200-day simple moving average (SMA200) of $95.02755.

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The stock witnessed a 16.44% gain in the last 1 month and extending the period to 3 months gives it a -2.09%, and is 18.61% 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 3.32% over the week and 2.07% over the month.

NetEase Inc ADR (NTES) has around 29128 employees, a market worth around $58.26B and $14.77B in sales. Current P/E ratio is 15.25 and Fwd P/E is 11.99. Profit margin for the company is 26.99%. Distance from 52-week low is 23.38% and -21.29% from its 52-week high. The company has generated returns on investments over the last 12 months (22.06%).

with sales reaching $3.85B over the same period.The EPS is expected to shrink by -0.09% this year, but quarterly earnings will post 5.10% year-over-year. Quarterly sales are estimated to grow 1.50% in year-over-year returns.

NetEase Inc ADR (NTES) Top Institutional Holders

The shares outstanding are 642.16M, and float is at 620.48M with Short Float at 0.68%.

The top institutional shareholder in the company is NINETY ONE UK LTD with over 6.43 million shares valued at $614.47 million. The investor’s holdings represent 1.0009% of the NTES Shares outstanding. As of 2024-06-30, the second largest holder is GREENWOODS ASSET MANAGEMENT HONG KONG LTD. with 3.82 million shares valued at $365.07 million to account for 0.5946 of the shares outstanding. The other top investors are FMR LLC which holds 2.78 million shares representing 0.4332% and valued at over $265.96 million, while MORGAN STANLEY holds 0.4002 of the shares totaling 2.57 million with a market value of $245.68 million.