Extremely significant negative changes in Netease Inc (NASDAQ: NTES) investment behavior have recently occurred: negative upside/downside volume developed, its shorter term price trend turned down, and the stock fell on very heavy volume.
Netease Inc (NASDAQ: NTES) suffers from slight negative changes in fundamentals: significant quarterly sales deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, NTES is expected to continue to be a modest Value Builder.
Netease has a current Value Trend Rating of C (High Neutral). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Netease has a neutral Appreciation Score of 43 but a good Power Rating of 79, and the High Neutral Value Trend Rating results.
Recent Price Action
On 12/26/23, Netease Inc (NASDAQ: NTES) stock enjoyed a very large increase of 5.2%, closing at $92.20. Moreover, trading volume in this advance was exceptionally high at 445% of normal. The stock has declined -10.4% during the last week but has been exceptionally strong relative to the market over the last nine months.
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