A share price of NetEase Inc ADR [NTES] is currently trading at $109.93, up 0.93%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The NTES shares have gain 6.13% over the last week, with a monthly amount glided 1.74%, and seem to be holding up well over a long-time horizon.
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On 29, February 2024, Cloud Music Inc. Reports Fiscal Year 2023 Financial Results. In a post published today on Yahoo Finance, Cloud Music Inc. (HKEX: 9899, “NetEase Cloud Music” or the “Company”), a leading interactive music streaming service provider in China, today announced its financial results for the fiscal year 2023 ended December 31, 2023.
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.
NetEase Inc ADR experienced fluctuations in its stock price throughout the past year between $80.79 and $118.89. Currently, Wall Street analysts expect the stock to reach $124 within the next 12 months. NetEase Inc ADR [NASDAQ: NTES] shares were valued at $109.93 at the most recent close of the market. An investor can expect a potential return of 12.8% based on the average NTES price forecast.
Analyzing the NTES fundamentals
Trailing Twelve Months sales for NetEase Inc ADR [NASDAQ:NTES] were 14.60B which represents 5.38% growth. Gross Profit Margin for this corporation currently stands at 0.58% with Operating Profit Margin at 0.25%, Pretax Profit Margin comes in at 0.31%, and Net Profit Margin reading is 0.26%. To continue investigating profitability, this company’s Return on Assets is posted at 0.16, Equity is 0.24 and Total Capital is 0.2. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.1.
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 108.98 points at the first support level, and at 108.03 for the second support level. However, for the 1st resistance point, the stock is sitting at 111.00, and for the 2nd resistance point, it is at 112.07.
NetEase Inc ADR [NTES] reported earnings per share of $1.58 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.72/share, meaning a difference of -$0.14 and a surprise factor of -8.10%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $1.85 per share as compared to estimates of $1.48 per share, a difference of $0.37 representing a surprise of 25.00%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for NetEase Inc ADR [NASDAQ:NTES] is 2.65. As well, the Quick Ratio is 2.64, while the Cash Ratio is 0.34. Considering the valuation of this stock, the price to sales ratio is 4.71, the price to book ratio is 4.26 and price to earnings (TTM) ratio is 17.22.
