NetEase Inc ADR (NTES) Analysis & Forecast for 2024

NetEase Inc ADR (NASDAQ: NTES) is -5.26% lower 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 make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The NTES stock was last observed hovering at around $85.49 in the last trading session, with the day’s gains setting it 2.77%.

Currently trading at $88.26, the stock is 9.58% and 5.12% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.75 million and changing 3.24% at the moment leaves the stock -5.14% off its SMA200. NTES registered -21.44% loss for a year compared to 6-month loss of -15.73%. The firm has a 50-day simple moving average (SMA 50) of $83.746 and a 200-day simple moving average (SMA200) of $93.09835.

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The stock witnessed a 7.09% gain in the last 1 month and extending the period to 3 months gives it a -2.17%, and is 13.72% 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 3.09% over the week and 2.09% over the month.

NetEase Inc ADR (NTES) has around 29128 employees, a market worth around $54.93B and $14.67B in sales. Current P/E ratio is 14.99 and Fwd P/E is 11.87. Profit margin for the company is 26.03%. Distance from 52-week low is 16.36% and -25.77% from its 52-week high. The company has generated returns on investments over the last 12 months (20.21%).

with sales reaching $27.2B over the same period.The EPS is expected to shrink by -2.28% this year, but quarterly earnings will post 2.18% year-over-year. Quarterly sales are estimated to grow 0.22% in year-over-year returns.

NetEase Inc ADR (NTES) Top Institutional Holders

The shares outstanding are 642.16M, and float is at 622.36M with Short Float at 0.78%.

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.