NetEase Inc ADR (NASDAQ: NTES) is 15.64% higher on its value in year-to-date trading and has touched a low of $75.85 and a high of $111.12 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 $100.60 in the last trading session, with the day’s gains setting it 2.56%.
Currently trading at $103.16, the stock is 0.63% and 4.55% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.67 million and changing 2.54% at the moment leaves the stock 13.29% off its SMA200. NTES registered -6.63% loss for a year compared to 6-month gain of 28.24%.
The stock witnessed a -0.49% loss in the last 1 month and extending the period to 3 months gives it a 17.92%, and is 1.87% 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 2.70% over the week and 2.65% over the month.
NetEase Inc ADR (NTES) has around 29128 employees, a market worth around $64.21B and $14.63B in sales. Current P/E ratio is 16.10 and Fwd P/E is 12.59. Profit margin for the company is 28.20%. Distance from 52-week low is 36.01% and -7.16% from its 52-week high. The company has generated returns on investments over the last 12 months (21.65%).
with sales reaching $28.42B over the same period.The EPS is expected to grow by 6.65% this year, but quarterly earnings will post 8.25% year-over-year. Quarterly sales are estimated to grow 5.85% in year-over-year returns.
The shares outstanding are 622.39M, and float is at 621.89M with Short Float at 0.56%.
The top institutional shareholder in the company is FMR LLC with over 2.78 million shares valued at $265.96 million. The investor’s holdings represent 0.4332 of the NTES Shares outstanding. As of 2024-06-30, the second largest holder is MORGAN STANLEY with 2.57 million shares valued at $245.68 million to account for 0.4002 of the shares outstanding. The other top investors are BANK OF AMERICA CORP /DE/ which holds 1.63 million shares representing 0.2532 and valued at over $155.43 million, while BLACKROCK INC. holds 0.214 of the shares totaling 1.37 million with a market value of $131.41 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 -7.55% down over the past 12 months.
