Currently, NetEase Inc ADR [NTES] is trading at $113.14, up 5.27%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The NTES shares have gain 5.11% over the last week, with a monthly amount glided 10.64%, and seem to be holding up well over a long-time horizon.
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On 7, February 2024, Cloud Music Inc. to Report Fiscal Year 2023 Financial Results on February 29, 2024. In a post published today on Yahoo Finance, Cloud Music Inc. (HKEX: 9899 or the “Company”), a well-known online music platform featuring a vibrant content community, today announced that it will report its financial results for the fiscal year of 2023 ended December 31, 2023 on Thursday, February 29, 2024, after the Hong Kong market closes.
From an analyst’s perspective:
On March 01, 2023, upgrade upgraded it’s rating to Overweight and revised its price target to $100 on the stock. JP Morgan downgraded its rating to a Neutral and decreased its price target to $90 on September 07, 2022. Macquarie initiated its recommendation with a Outperform and recommended $129 as its price target on July 05, 2022. JP Morgan upgraded its rating to Overweight for this stock on May 16, 2022, and upped its price target to $120.
This stock has fluctuated between a low of $76.85 and a high of $118.89 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $124 within the next 12 months. NetEase Inc ADR [NASDAQ: NTES] shares were valued at $113.14 at the most recent close of the market. An investor can expect a potential return of 9.6% based on the average NTES price forecast.
Analyzing the NTES fundamentals
Trailing Twelve Months sales for NetEase Inc ADR [NASDAQ:NTES] were 14.41B which represents 5.58% growth. Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.61 and Total Capital is -22.65. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -6.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 111.39 points at the first support level, and at 109.63 for the second support level. However, for the 1st resistance point, the stock is sitting at 114.70, and for the 2nd resistance point, it is at 116.25.
NetEase Inc ADR [NTES] reported earnings per share of $1.85 for its fiscal quarter that ended on 9/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.48/share, meaning a difference of $0.37 and a surprise factor of 25.00%. By comparison, the stated earnings for the previous quarter ended on 6/29/2023 were $1.9 per share as compared to estimates of $1.24 per share, a difference of $0.66 representing a surprise of 53.20%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for NetEase Inc ADR [NASDAQ:NTES] is 2.91. Also, the Quick Ratio is 2.89, while the Cash Ratio stands at 0.05. Considering the valuation of this stock, the price to sales ratio is 4.91, the price to book ratio is 4.39 and price to earnings (TTM) ratio is 19.39.
