With 1.7 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.89 million shares. During the session, the Electronic Gaming & Multimedia company that operates in wider Communication Services sector, reached to the highest price of $88.17 whereas the lowest price it dropped to was $86.364. The 52-week range on NTES shows that it touched its highest point at $117.47 and its lowest point at $75.85 during that stretch. It currently has a 1-year price target of $107.95. With its current market cap of 53.81 billion, NTES has annualized dividend of $2.50 while the current yield stands at 2.90%. Beta for the stock currently stands at 0.57.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of NTES was up-trending over the past week, with a rise of 1.12%, but this was up by 9.58% over a month. Three-month performance surged to 4.80% while six-month performance fell -4.45%. The stock lost -25.96% in the past year, while it has lost -7.20% so far this year. A look at the trailing 12-month EPS for NTES yields 5.89 with Next year EPS estimates of 7.39. For the next quarter, that number is 1.72. This implies an EPS growth rate of -2.49% for this year and 9.55% for next year. EPS is expected to grow by 5.22% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 36.53%.
Float and Shares Shorts:
At present, 642.16 million NTES shares are outstanding with a float of 622.36 million shares on hand for trading. On 2024-10-31, short shares totaled 4.84 million, which was 75.0 higher than short shares on 1727654400. In addition to Mr. Lei Ding as the firm’s Founder, CEO & Director, Ms. Ying Li serves as its Head of Financial Reporting.
Institutional Ownership:
Through their ownership of 0.12711 of NTES’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-06-30, NTES reported revenue of $26209879000.0 and operating income of $7146737000.0. The EBITDA in the recently reported quarter was $8144424000.0 and diluted EPS was $10.15.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for NTES since 11 analysts follow the stock currently. There are 10 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With NTES analysts setting a high price target of 1139.275 and a low target of 593.18, the average target price over the next 12 months is 820.65985. Based on these targets, NTES could surge 1217.84% to reach the target high and rise by 586.15% to reach the target low. Reaching the average price target will result in a growth of 849.29% from current levels.
Analysts have provided yearly estimates in a range of $50.05683 being high and $46.35944 being low. For NTES, this leads to a yearly average estimate of $48.20814. The surprise factor in the prior quarter was $12.09. Based on analyst estimates, the high estimate for the next quarter is $16.36 and the low estimate is $13.16. The average estimate for the next quarter is thus $14.2.
