Why NetEase, Inc. (NASDAQ:NTES) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $226.67 on NetEase, Inc. (NASDAQ:NTES) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $12.09 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of NetEase, Inc. (NASDAQ:NTES) stands at 20.46.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For NetEase, Inc., the PEG ratio for coming 3-5 years is 30.00.

Technical Analysis

The technical analysis highlights that NetEase, Inc. current is trading $6.80 points away or +3.28% from its 50-day moving average of $207.35. Further it is trading $44.69 or +26.38% away its 200-day moving average of $169.46.

The 52-week high of NetEase, Inc. (NASDAQ:NTES) was $224.18 while lowest point recorded in 52-week was $110.65. It implies if stock price makes a movement of over $-10.03, it will record a new 52-week high. In the case of +93.54% drop, it will touch a new 52-week low.

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