20-Nov-2024
NetEase Buy Rating: Strong Performance, Growth Potential, and Strategic Expansion
TipRanks (Thu, 21-Nov 5:27 AM ET)
Barclays Keeps Their Hold Rating on NetEase (NTES)
TipRanks (Mon, 18-Nov 4:05 AM ET)
Benzinga (Sun, 17-Nov 8:50 AM ET)
Jefferies Reaffirms Their Buy Rating on Netease Inc (9999)
TipRanks (Sun, 17-Nov 7:15 AM ET)
NetEase Announces Third Quarter 2024 Unaudited Financial Results
PRNewswire (Thu, 14-Nov 3:30 AM ET)
Youdao Reports Third Quarter 2024 Unaudited Financial Results
PRNewswire (Thu, 14-Nov 3:30 AM ET)
Youdao, Inc. to Hold Annual General Meeting on December 12, 2024
PRNewswire (Thu, 14-Nov 3:30 AM ET)
NetEase to Report Third Quarter 2024 Financial Results on November 14
PRNewswire (Thu, 31-Oct 4:30 AM ET)
Youdao to Report Third Quarter 2024 Financial Results on November 14
PRNewswire (Thu, 31-Oct 4:30 AM ET)
PRNewswire (Wed, 23-Oct 10:00 PM ET)
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 November 20, 2024, NTES stock price climbed to $87.53 with 1,004,368 million shares trading.
NTES has a beta of 0.06, 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 $56.45 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, HERO, PGJ.
NTES has underperformed the market in the last year with a return of -24.0%, while the SPY ETF gained +31.5%. In the last 3 month period, NTES fell short of the market, returning -2.5%, while SPY returned +6.0%. However, in the most recent 2 weeks NTES has outperformed the stock market by returning +9.4%, while SPY returned -0.1%.
NTES support price is $83.92 and resistance is $87.44 (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.