NetEase Inc ADR [NTES] stock prices are down -1.45% to $78.89 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The NTES shares have lost -1.05% over the last week, with a monthly amount drifted -9.21%, 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.
The stock price of NetEase Inc ADR [NTES] has been fluctuating between $75.85 and $118.89 over the past year. Currently, Wall Street analysts expect the stock to reach $117.9 within the next 12 months. NetEase Inc ADR [NASDAQ: NTES] shares were valued at $78.89 at the most recent close of the market. An investor can expect a potential return of 49.45% based on the average NTES price forecast.
Analyzing the NTES fundamentals
The NetEase Inc ADR [NASDAQ:NTES] reported sales of 14.77B for trailing twelve months, representing a surge of 2.88%. Gross Profit Margin for this corporation currently stands at 0.63% with Operating Profit Margin at 0.27%, Pretax Profit Margin comes in at 0.32%, and Net Profit Margin reading is 0.27%. To continue investigating profitability, this company’s Return on Assets is posted at 0.16, Equity is 0.23 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 0.1.
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 78.19 points at the first support level, and at 77.50 for the second support level. However, for the 1st resistance point, the stock is sitting at 79.67, and for the 2nd resistance point, it is at 80.46.
Ratios To Look Out For
It’s worth pointing out that NetEase Inc ADR [NASDAQ:NTES]’s Current Ratio is 3.01. On the other hand, the Quick Ratio is 3.00, and the Cash Ratio is 0.41. Considering the valuation of this stock, the price to sales ratio is 3.32, the price to book ratio is 2.82 and price to earnings (TTM) ratio is 12.86.
