NTES Stock Summary and Trading Ideas (Netease - American Depositary Shares Each Representing 5 | NASDAQ:NTES)

NetEase, which started on an internet portal service in 1997, is a leading online services provider in China. Its key services include online/mobile games, cloud music, media, advertising, email, live streaming, online education, and e-commerce. The company develops and operates some of the China's most popular PC client and mobile games, and it partners with global leading game developers, such as Blizzard Entertainment and Mojang (a Microsoft subsidiary).

Netease - American Depositary Shares Each Representing 5 trades on the NASDAQ stock market under the symbol NTES.

As of December 27, 2024, NTES stock price declined to $91.48 with 443,669 million shares trading.

NTES has a beta of 0.04, meaning it tends to be less sensitive to market movements. NTES has a correlation of 0.00 to the broad based SPY ETF.

NTES has a market cap of $59.00 billion. This is considered a Large Cap stock.

Last quarter Netease - American Depositary Shares Each Representing 5 reported $4 billion in Revenue and $1.66 earnings per share. This beat revenue expectation by $85 million and exceeded earnings estimates by $.05.

In the last 3 years, NTES traded as high as $118.90 and as low as $53.09.

The top ETF exchange traded funds that NTES belongs to (by Net Assets): AVEM, ESPO, SOCL, PGJ, HERO.

NTES has underperformed the market in the last year with a price return of +7.2% while the SPY ETF gained +26.4%. NTES has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -1.8% and -4.2%, respectively, while the SPY returned +4.5% and -1.2%, respectively.

NTES support price is $90.46 and resistance is $94.16 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that NTES shares will trade within this expected range on the day.