NetEase Inc ADR (NASDAQ: NTES) has a higher price-to-earnings ratio of 15.21x compared to its average ratio, The 36-month beta value for NTES is at 0.54. Analysts have varying views on the stock, with 13 analysts rating it as a “buy,” 6 rating it as “overweight,” 8 as “hold,” and 0 as “sell.”
The public float for NTES is 624.19M, and currently, shorts hold a 0.70% of that float. The average trading volume for NTES on May 02, 2024 was 1.46M shares.
NTES) stock’s latest price update
NetEase Inc ADR (NASDAQ: NTES) has seen a rise in its stock price by 3.33 in relation to its previous close of 94.02. However, the company has experienced a 3.22% gain in its stock price over the last five trading sessions. Investopedia reported 2024-04-10 that Microsoft (MSFT) and NetEase (NTES) announced a renewed publishing deal that would bring “World of Warcraft” and other popular video games back to China.
NTES’s Market Performance
NetEase Inc ADR (NTES) has experienced a 3.22% rise in stock performance for the past week, with a 0.41% rise in the past month, and a -3.72% drop in the past quarter. The volatility ratio for the week is 1.96%, and the volatility levels for the past 30 days are at 2.03% for NTES. The simple moving average for the past 20 days is 2.59% for NTES’s stock, with a -5.54% simple moving average for the past 200 days.
Analysts’ Opinion of NTES
Many brokerage firms have already submitted their reports for NTES stocks, with Morgan Stanley repeating the rating for NTES by listing it as a “Overweight.” The predicted price for NTES in the upcoming period, according to Morgan Stanley is $120 based on the research report published on April 12, 2024 of the current year 2024.
Macquarie, on the other hand, stated in their research note that they expect to see NTES reach a price target of $126. The rating they have provided for NTES stocks is “Outperform” according to the report published on January 11th, 2024.
NTES Trading at -4.36% from the 50-Day Moving Average
After a stumble in the market that brought NTES to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -18.29% of loss for the given period.
Volatility was left at 2.03%, however, over the last 30 days, the volatility rate increased by 1.96%, as shares surge +1.42% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.85% lower at present.
During the last 5 trading sessions, NTES rose by +3.52%, which changed the moving average for the period of 200-days by -5.64% in comparison to the 20-day moving average, which settled at $94.77. In addition, NetEase Inc ADR saw 4.28% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for NTES
Current profitability levels for the company are sitting at:
- 0.27 for the present operating margin
- 0.61 for the gross margin
The net margin for NetEase Inc ADR stands at 0.28. The total capital return value is set at 0.21. Equity return is now at value 25.49, with 16.27 for asset returns.
Based on NetEase Inc ADR (NTES), the company’s capital structure generated 0.14 points at debt to capital in total, while cash flow to debt ratio is standing at 1.72. The debt to equity ratio resting at 0.16. The interest coverage ratio of the stock is -22.2.
Currently, EBITDA for the company is 29.59 billion with net debt to EBITDA at -0.03. When we switch over and look at the enterprise to sales, we see a ratio of 4.26. The receivables turnover for the company is 11.21for trailing twelve months and the total asset turnover is 0.56. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.65.
Conclusion
In conclusion, NetEase Inc ADR (NTES) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
