In last trading session, NetEase Inc ADR (NASDAQ:NTES) saw 3.28 million shares changing hands with its beta currently measuring 0.53. Company’s recent per share price level of $90.48 trading at -$4.26 or -4.50% at ring of the bell on the day assigns it a market valuation of $56.33B. That closing price of NTES’s stock is at a discount of -31.4% from its 52-week high price of $118.89 and is indicating a premium of 10.71% from its 52-week low price of $80.79. Taking a look at company’s average trading volume volume of 1.61 million if we extend that period to 3-months.
NetEase Inc ADR (NASDAQ:NTES) trade information
Upright in the red during last session for losing -4.50%, in the last five days NTES remained trading in the red while hitting it’s week-highest on Monday, 05/20/24 when the stock touched $90.48 price level, adding 13.8% to its value on the day. NetEase Inc ADR’s shares saw a change of -2.88% in year-to-date performance and have moved -13.80% in past 5-day. NetEase Inc ADR (NASDAQ:NTES) showed a performance of -3.87% in past 30-days.
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NetEase Inc ADR (NTES) estimates and forecasts
Statistics highlight that NetEase Inc ADR is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -22.51% of value to its shares in past 6 months, showing an annual growth rate of 9.92% while that of industry is 23.10. Apart from that, the company came raising its revenue forecast for fiscal year 2024.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 36.53% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 4.84% while estimates for its earnings growth in next 5 years are of 2.57%.
NTES Dividends
NetEase Inc ADR is more likely to be releasing its next quarterly report in June and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
