NetEase Inc ADR (NTES) concluded trading on Wednesday at a closing price of $104.26, with 4.43 million shares of worth about $461.98 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 7.76% during that period and on October 02, 2024 the price saw a gain of about 7.88%. Currently the company’s common shares owned by public are about 642.16M shares, out of which, 620.48M shares are available for trading.
Stock saw a price change of 19.99% in past 5 days and over the past one month there was a price change of 33.67%. Year-to-date (YTD), NTES shares are showing a performance of 11.91% which increased to 4.58% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $75.85 but also hit the highest price of $118.89 during that period. The average intraday trading volume for NetEase Inc ADR shares is 1.74 million. The stock is currently trading 27.11% above its 20-day simple moving average (SMA20), while that difference is up 21.62% for SMA50 and it goes to 9.85% higher than SMA200.
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NetEase Inc ADR (NASDAQ: NTES) currently have 642.16M outstanding shares and institutions hold larger chunk of about 11.40% of that.
The stock has a current market capitalization of $64.91B and its 3Y-monthly beta is at 0.54. PE ratio of stock for trailing 12 months is 16.99, while it has posted earnings per share of $6.14 in the same period. Its PEG reads 2.79 and has Quick Ratio of 3.00 while making debt-to-equity ratio of 0.10. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for NTES, volatility over the week remained 4.09% while standing at 2.41% over the month.
Stock’s fiscal year EPS is expected to rise by 0.30% while it is estimated to increase by 9.23% in next year. EPS is likely to shrink at an annualized rate of 6.10% for next 5-years, compared to annual growth of 36.53% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Barclays on June 13, 2024 offering an Equal weight rating for the stock and assigned a target price of $104 to it. Coverage by Morgan Stanley stated NetEase Inc ADR (NTES) stock as an Equal-weight in their note to investors on May 23, 2024, suggesting a price target of $100 for the stock. On April 12, 2024, Morgan Stanley Reiterated their recommendations, while on January 11, 2024, Macquarie Resumed their ratings for the stock with a price target of $126. Stock get an Outperform rating from Bernstein on June 05, 2023.
