At the time of writing, NetEase Inc ADR [NTES] stock is trading at $92.59, up 2.63%. 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 5.58% over the last week, with a monthly amount drifted -0.81%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
NetEase Inc ADR [NASDAQ: NTES] stock has seen the most recent analyst activity on June 13, 2024, when Barclays initiated its Equal Weight rating and assigned the stock a price target of $104. Previously, Morgan Stanley downgraded its rating to Equal-Weight on May 23, 2024, and kept the price target unchanged to $100. On April 12, 2024, Morgan Stanley reiterated its Overweight rating and revised its price target to $120 on the stock. Bernstein initiated its recommendation with a Outperform. JP Morgan upgraded its rating to Overweight for this stock on March 01, 2023, and upped its price target to $100. In a note dated September 07, 2022, JP Morgan downgraded an Neutral rating on this stock and revised its target price from $120 to $90.
For the past year, the stock price of NetEase Inc ADR fluctuated between $81.30 and $118.89. Currently, Wall Street analysts expect the stock to reach $131.4 within the next 12 months. NetEase Inc ADR [NASDAQ: NTES] shares were valued at $92.59 at the most recent close of the market. An investor can expect a potential return of 41.92% based on the average NTES price forecast.
Analyzing the NTES fundamentals
According to NetEase Inc ADR [NASDAQ:NTES], the company’s sales were 14.67B for trailing twelve months, which represents an 2.04% jump. Gross Profit Margin for this corporation currently stands at 0.62% with Operating Profit Margin at 0.27%, Pretax Profit Margin comes in at 0.33%, and Net Profit Margin reading is 0.29%. To continue investigating profitability, this company’s Return on Assets is posted at 0.16, Equity is 0.25 and Total Capital is 0.21. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.2.
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 91.21 points at the first support level, and at 89.84 for the second support level. However, for the 1st resistance point, the stock is sitting at 93.32, and for the 2nd resistance point, it is at 94.06.
Ratios To Look Out For
It is important to note that NetEase Inc ADR [NASDAQ:NTES] has a current ratio of 2.53. Also, the Quick Ratio is 2.52, while the Cash Ratio stands at 0.72. Considering the valuation of this stock, the price to sales ratio is 3.93, the price to book ratio is 3.40 and price to earnings (TTM) ratio is 14.23.
