Huawei's Q1 profit soars amid rising challenge to Apple in China - report
Seeking Alpha News (Tue, 30-Apr 10:01 AM ET)
Cloud Music adds expansive K-Pop portfolio with JYP Entertainment agreement
Seeking Alpha News (Tue, 30-Apr 3:52 AM ET)
Cloud Music Inc. Adds Expansive K-Pop Portfolio with JYP Entertainment Agreement
PRNewswire (Mon, 29-Apr 9:00 PM ET)
Youdao Filed 2023 Annual Report on Form 20-F
PRNewswire (Thu, 25-Apr 8:00 AM ET)
PRNewswire (Thu, 25-Apr 6:20 AM ET)
PRNewswire (Wed, 10-Apr 9:00 PM ET)
Business Wire (Tue, 9-Apr 9:00 PM ET)
NetEase Experts Spotlight Cutting-Edge Game Technology at GDC 2024
PRNewswire (Mon, 18-Mar 7:00 AM ET)
Cloud Music Inc. Reports Fiscal Year 2023 Financial Results
PRNewswire (Thu, 29-Feb 3:50 AM ET)
NetEase Announces Fourth Quarter and Fiscal Year 2023 Unaudited Financial Results
PRNewswire (Thu, 29-Feb 3:30 AM 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 May 2, 2024, NTES stock price climbed to $98.95 with 1,901,763 million shares trading.
NTES has a beta of 0.94, meaning it tends to be less sensitive to market movements. NTES has a correlation of 0.11 to the broad based SPY ETF.
NTES has a market cap of $63.82 billion. This is considered a Large Cap stock.
Last quarter Netease - American Depositary Shares Each Representing 5 reported $4 billion in Revenue and $1.60 earnings per share. This fell short of revenue expectation by $-117 million and missed earnings estimates by -$.11.
In the last 3 years, NTES stock traded as high as $120.84 and as low as $53.09.
The top ETF exchange traded funds that NTES belongs to (by Net Assets): AVEM, ESPO, PGJ, HERO, KOMP.
NTES has underperformed the market in the last year with a return of +14.0%, while the SPY ETF gained +23.2%. In the last 3 month period, NTES fell short of the market, returning -0.9%, while SPY returned +3.6%. However, in the most recent 2 weeks NTES has outperformed the stock market by returning +10.0%, while SPY returned +0.9%.
NTES support price is $92.26 and resistance is $95.78 (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 stock will trade within this expected range on the day.