Are You Looking To Buy NetEase Inc. (NTES)? First, Read This

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KOSK Stock
KOSK Stock

NetEase Inc. (NASDAQ:NTES) finished Wednesday with a subtraction of -$4.22 to close at $79.76, a downside of -5.03 percent. An average of 1,417,420 shares of common stock have been traded in the last five days. There was a fall of -$5.66 in the past week, and it reached a new high 17 times over the past 12 months. The last 20 days have seen an average of 1,399,340 shares traded, while the 50-day average volume stands at 1,574,090.

NTES stock has decreased by -6.95% in the last month. The company shares reached their 1-month lowest point of $79.19 on 09/21/22. With the stock rallying to its 52-week high on 06/10/22, shares of the company touched a low of $68.62 and a high of $118.19 in 52 weeks. It has reached a new high 5 times so far this year and lost -21.63% or -$22.02 in price. In spite of this, the price is down -32.52% from the 52-week high.


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Valuation Metrics

NetEase Inc. (NTES) has a trailing price-to-earnings (P/E) ratio of 20.66. The stock’s beta is 0.45. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 4.00, the price-to-book (PB) ratio at 3.62, and the price-to-cash flow ratio at 19.87.

The company’s most recent quarterly dividend payment was $0.36 a share, representing a up of 11.8% from $0.3220 last year. Its latest increase dividend $0.0380 reported on Thursday August 18 2022.

Financial Health

The quick ratio of NetEase Inc. for the recent quarter was 2.20, and the current ratio was 2.20, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.03 and a total debt to equity ratio of 0.31 for the recent quarter. NetEase Inc.’s EBITDA margin is 22.48%, while its operating margin for the same period stands at 20.20%. Its gross profit as reported stood at $7.37 billion compared to revenue of $13.75 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, NetEase Inc.’s return on assets was 11.80%.

Earnings Surprise

For the recent quarter, NetEase Inc. had $1.93 billion in cash and short-term investments compared to $200.1 million in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $2.65 billion in the quarter, while revenues were grew 30.11%.

Technical Picture

From a technical analysis perspective, let’s take a brief look at NetEase Inc. (NTES) price momentum. RSI 9-day as of the close on 21 September was 26.36%, suggesting the stock is oversold, with historical volatility in this time frame at 32.43%.

As of today, NTES’s price is $82.69 -6.63% or -$5.66 from its 5-day moving average. NTES is currently trading -8.90% lower than its 20-day SMA and -12.63% lower than its 100-day SMA. However, the stock’s current price level is -7.78% below the SMA50 and -20.28% below the SMA200.

The stochastic %K and %D were 17.15% and 15.03%, respectively, and the average true range (ATR) was 2.79. With the 14-day stochastic at 5.30% and the average true range at 2.92, the RSI (14) stands at 32.06%. The stock has reached -2.40 on the 9-day MACD Oscillator while the 14-day reading was at -3.35.

Analyst Ratings

JP Morgan downgraded NetEase Inc. (NASDAQ: NTES) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as an Overweight. The consensus rating for NetEase Inc. (NTES) among analysts is Buy. According to current brokerage recommendations, 1 brokerage firm advise that investors sell NTES, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 6 analysts, while 37 others rate it as a “buy”.

What is NTES’s price target for the next 12 months?

Analysts predict a range of price targets between $529.13 and $974.18, with a median target of $842.21. Taking a look at these predictions, the average price target given by analysts for NetEase Inc. (NTES) stock is $827.88.

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