NetEase Inc. (NASDAQ:NTES) does about 2.25M shares in volume on a normal day but saw 1357988 shares change hands in Friday trading. The company now has a market cap of 58.62B USD. Its current market price is $89.09, marking a decrease of -0.18% compared to the previous close of $89.25. The 52 week high reached by this stock is $108.77 whilst the lowest price level in 52 weeks is $53.09. The script in recent trading has seen the stock touch a high of $90.30 and a low of $88.15.
NetEase Inc. (NTES) has a 20-day trading average at $80.22 and the current price is -18.09% off the 52-week high compared with 67.81% distance from its 52-week low. The 50-day simple moving average of the closing price is $73.04 and its 200-day simple moving average is $83.61. If we look at the stock’s price movements over the week, volatility stands at 3.16%, which increases to 3.28% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 73.85 to suggest the stock is overbought.
The consensus objective for the share price is $106.94, suggesting that the stock has a potential upside of 16.69% over the period.
FactSet Research has provided data showing that 43 brokerages have issued ratings for the stock. 1 analysts have rated it as a sell, while 4 advise that it is a overweight. 36 analysts have rated it as a buy and 2 have advised that investors hold their positions. The consensus recommendation rating is Buy and Wall Street’s advice is for investors to Strong Buy the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on September 07, 2022 when JP Morgan downgraded the stock to “Neutral” and issued a price target of between $120 and $90. JP Morgan upgraded its price target at $60-$120.
The current price level is 12.41%, 22.86%, and 6.49% away from its SMA20, SMA50, and SMA200 respectively, with the NTES price moving above the 50-day SMA on January 20. NetEase Inc. (NTES) stock is up 4.48% over the week and 25.55% over the past month. Its price is 22.66% year-to-date and -13.89% over the past year.
The company’s next earnings report is expected on 05/17/2023.
To reach the target analysts have set, the stock logically needs to grow 16.69 percent from here.
Outstanding shares total 652.60M with insiders holding 1.35% of the shares and institutional holders owning 17.19% of the company’s common stock. The company has a return on investment of 10.60% and return on equity of 22.10%. The price to earnings ratio (P/E ratio) amounts to 18.60 while the forward price to earnings ratio is 17.43. The beta has a value of 0.45. Price to book ratio is 3.74 and price to sales ratio is 4.16.
Invesco Developing Markets Fund isn’t the only investment manager who changed stakes and is followed by Dodge & Cox International Stock F, which added 1.74 million shares to end up with 6,599,426 shares worth $479.32 million.