The trading price of NetEase, Inc. (NASDAQ:NTES) closed lower on Tuesday, Jan 12, closing at $109.2, -1.6% lower than its previous close.

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Traders who pay close attention to intraday price movement should know that it fluctuated between $106.06 and $110.04. The company’s P/E ratio in the trailing 12-month period was 132.16, while its 5Y monthly beta was 0.54. In examining the 52-week price action we see that the stock hit a 52-week high of $114.8 and a 52-week low of $53.17. Over the past month, the stock has gained 22.98% in value.

NetEase, Inc., whose market valuation is $72.51 Billion at the time of this writing, is expected to release its quarterly earnings report Feb 24, 2021- Mar 01, 2021. The dividend yield on the company stock is 0.87, while its Forward Dividend ratio is 0.93. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by $0.66 per share this quarter, however they have predicted annual earnings per share of $3.75 for 2021 and $4.33 for 2022. It means analysts are expecting annual earnings per share growth of 0.02% this year and 0.15% next year.

Analysts have forecast the company to bring in revenue of $3.05 Billion for the quarter, with the likely lows of $2.96 Billion and highs of $3.17 Billion. The average estimate suggests sales will likely up by 35.5% this quarter compared to what was recorded in the comparable quarter last year. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2021 is $11.33 Billion. The company’s revenue is forecast to grow by +25.1% over what it did in 2020.

On the technical side, indicators suggest NTES has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.

To see how NetEase, Inc. stock has been performing in comparison to its peers in the industry, here are the numbers: NTES stock’s performance was -1.6% in the latest trading, and +53.71% in the past year, while Ringcentral Inc (RNG) has traded +1.01% on the day and positioned +107.72% higher than it was a year ago. Another comparable company Okta Inc Cl A (OKTA) saw its stock close 1.56% higher in the most recent trading session but was up +95.29% in a year. Furthermore, Verisign Inc (VRSN) showed a decline of -1.6% on the day while its price kept rising at 53.71% over the past year. NetEase, Inc. has a P/E ratio of 132.16, compared to Ringcentral Inc’s 0 and Okta Inc Cl A’s 0. Also in last trading session, the S&P 500 Index has surged 0.04%, while the Dow Jones Industrial also saw a positive session, up +0.19% on the day.

An evaluation of the daily trading volume of NetEase, Inc. (NASDAQ:NTES) indicates that the 3-month average is 2.57 Million. However, this figure has increased over the past 10 days to an average of 3.34 Million.

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Currently, records show that 685.47 Million of the company’s shares remain outstanding. According to Thomson Reuters data, insiders hold 1.45% of outstanding shares, whereas institutions hold 42.63%. The stats also highlight that short interest as of December 14, 2020, stood at 7.64 Million shares, resulting in a short ratio of 2.78 at that time. From this, we can conclude that short interest is 1.12% of the company’s total outstanding shares. It is noteworthy that short shares in December were down slightly from the previous month’s figure, which was 9.78 Million. However, since the stock’s price has seen +12.2% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.


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