For its second fiscal quarter (ending June 30), Netease Inc (NASDAQ: NTES) has reported E.P.S. of $1.44 compared to $1.68 a year ago. For the latest four quarters through June 30, E.P.S. were $6.32 compared to $5.53 a year ago.
Recent Price Action
Netease Inc (NASDAQ: NTES) stock closed at $82.25 on 8/22/24 after a major decline of -11.2%. Moreover, trading volume in this decline was exceptionally high at 444% of normal. The stock has declined -6.2% during the last week and has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, NTES is expected to continue to be a major Value Builder.
Netease has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Netease has a neutral Appreciation Score of 55 and a neutral Power Rating of 42, with the Neutral Value Trend Rating the result.
Rating Review
In light of this new information and highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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