What Direction Does NetEase Inc ADR (NASDAQ: NTES) Analysts Think The Company Will Take?

The trading price of NetEase Inc ADR (NASDAQ:NTES) floating higher at last check on Wednesday, June 05, closing at $93.38, 5.30% higher than its previous close.

The company’s P/E ratio in the trailing 12-month period was 14.36. In examining the 52-week price action we see that the stock hit a 52-week high of $118.89 and a 52-week low of $81.30. Over the past month, the stock has lost -8.33% in value.

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NetEase Inc ADR, whose market valuation is $58.14 billion at the time of this writing. The dividend yield on the company stock is 2.75%, while its Forward Dividend ratio is 2.56. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 1.67 per share this quarter, however they have predicted annual earnings per share of 7.36 for current year and 8.06 for next year.

Analysts have forecast the company to bring in revenue of 3.65B for the current quarter, with the likely lows of 3.51B and highs of 3.84B. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 15.9B.

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

If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 5.59, which symbolizes a positive outlook. A quick review shows that NTES’s price is currently -2.79% off the SMA20 and -3.26% off the SMA50. The RSI metric on the 14-day chart is currently showing 46.88, and weekly volatility stands at 1.86%. When measured over the past 30 days, the indicator reaches 2.39%. NetEase Inc ADR (NASDAQ:NTES)’s beta value is currently sitting at 0.53, while the Average True Range indicator is currently displaying 2.96.

To see how NetEase Inc ADR stock has been performing today in comparison to its peers in the industry, here are the numbers: NTES stock’s performance was 5.30% at last check in today’s session, and 7.67% in the past year. NetEase Inc ADR has a P/E ratio of 14.36.

An evaluation of the daily trading volume of NetEase Inc ADR (NASDAQ:NTES) indicates that the 3-month average is 1.65 million.

Currently, records show that 642.16 million of the company’s shares remain outstanding. The insiders hold 0.23% of outstanding shares, whereas institutions hold 12.82%. However, since the stock’s price has seen 0.24% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.

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