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Saturday, June 3, 2023

What Are The Chances Of NetEase Inc. (NASDAQ: NTES) Becoming A Clear Buy?

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for NetEase Inc. (NTES) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.06, or 0.07%, to $83.55. The NetEase Inc. has recorded 268,667 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that NetEase Games Introduces Bad Brain Game Studios, a New Studio Based in Canada.

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Stocks Info

As a NASDAQ listed company, NTES falls under the Communication Services sector while operating within the Electronic Gaming & Multimedia industry segment. At the end of the last regular session, the stock closed at $83.49 and fluctuated between $84.07 as its day high and $82.35 as its day low. The current market capitalization of NetEase Inc. is $53.61B. A total of 1.78 million shares were traded on the day, compared to an average of 1.25M shares.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. NetEase Inc. pays an annual dividend of $1.79, resulting in a dividend yield of 2.15%, and it has a price to earnings (P/E) ratio of 19.64. NTES’s most recent ex-dividend date was 3/8/2023 when it declared a $0.27 quarterly dividend that was paid in cash on 3/24/2023. Previously, the company paid the dividend on 12/16/2022 with an ex-dividend date of 12/1/2022. The NTES stock dividend was $0.4350 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for NTES in the last 3 months, the mean price target is $737.85 with high estimates of $944.42 and low estimates of $398.15. In terms of 52-week highs and lows, NTES has a high of $108.77 and a low of $53.09.

As of this writing, NTES has an earnings estimate of $1.25 per share for the current quarter. EPS was calculated based on a consensus of 8 estimates, with a high estimate of $1.46 per share and a lower estimate of $1.07. The company reported an EPS of $1.69 in the last quarter, which was 52.30% higher than expectations of $1.11.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. NTES’s latest balance sheet shows that the firm has $97.53B in Cash & Short Term Investments as of fiscal 2021. There were $20.63B in debt and $50.50B in liabilities at the time. Its Book Value Per Share was $22.98, while its Total Shareholder’s Equity was $99.28B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for NTES is Buy with a score of 4.83.

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