Netease Inc (NASDAQ: NTES) has recently experienced meaningful negative changes in fundamentals: significant quarterly sales deceleration occurred, the consensus estimate for December, 2023 decreased significantly, and the consensus estimate for December, 2024 decreased significantly.
Recent extremely meaningful negative changes in investment behavior have impacted Netease Inc (NASDAQ: NTES): its longer term price trend turned down, and negative upside/downside volume developed.
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
With future capital returns forecasted to be above the cost of capital, NTES is expected to continue to be a Value Builder.
Netease has a current Value Trend Rating of C (Neutral). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Netease has a neutral Appreciation Score of 40 and a slightly positive Power Rating of 69, resulting in the Neutral Value Trend Rating.
Recent Price Action
Netease Inc (NASDAQ: NTES) stock rose modestly by 0.7% on 1/12/24. The stock closed at $91.06. However, this advance was accompanied by exceptionally low trading volume at 49% of normal. Relative to the market the stock has been strong over the last nine months but has declined -5.0% during the last week.
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