Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate NetEase Inc (ADR) before investing.

In this article, we go over a few key elements for understanding NetEase Inc (ADR)’s stock price such as:

• NetEase Inc (ADR)’s current stock price and volume
• Why NetEase Inc (ADR)’s stock price changed recently
• Upgrades and downgrades for NTES from analysts
• NTES’s stock price momentum as measured by its relative strength

About NetEase Inc (ADR) (NTES)

Before we jump into NetEase Inc (ADR)’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

NetEase Inc is a China-based technology company. The Company operates through four business segments. The Online Game Service segment is engaged in developing and operating online game services that cover mobile games and personal computer (PC) games. The games include Westward Journey, Onmyoji series and others. The Youdao segment provides intelligent learning services. Its products and services include Online Courses, Youdao Dictionary, Youdao Dictionary Pen, Youdao Listening Treasure, Youdao Smart Learning Lamp, Youdao Translator King, Youdao Super Dictionary and others. The Cloud Music segment provides online music services and social entertainment services. Products offered by the Innovation and Others segment include Yanxuan, NetEase Live, advertising services, high-end email and other value-added services. The Company mainly operates its businesses in the domestic and overseas markets.

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NetEase Inc (ADR)’s Stock Price as of Market Close

As of May 24, 2024, 4:00 PM, CST, NetEase Inc (ADR)’s stock price was $90.48.

NetEase Inc (ADR) is down 4.5% from its previous closing price of $94.74.

During the last market session, NetEase Inc (ADR)’s stock traded between $94.39 and $98.04. Currently, there are 642.33 million shares of NetEase Inc (ADR) stock available for purchase.

NetEase Inc (ADR)’s price-earnings (P/E) ratio is currently at 15.2, which is low compared to the Online Services industry median of 26.8. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

NetEase Inc (ADR) Stock Price History

NetEase Inc (ADR)’s (NTES) price is currently down 3.2% so far this month.

During the month of May, NetEase Inc (ADR)’s stock price has reached a high of $107.34 and a low of $90.00.

Over the last year, NetEase Inc (ADR) has hit prices as high as $118.90 and as low as $80.79. Year to date, NetEase Inc (ADR)’s stock is up 24.58%.

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What Caused NetEase Inc (ADR) Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of May 23, 2024, there were 2 analysts who downgraded NetEase Inc (ADR)’s stock and 0 analysts who upgraded over the last month.

Additionally, you'll want to evaluate NetEase Inc (ADR)’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on NetEase Inc (ADR)’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

NetEase Inc (ADR)’s current valuation based on AAII’s Value Grade is a D, which means it is considered to be Expensive.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about NetEase Inc (ADR) (NTES) by visiting AAII Stock Evaluator.

Relative Price Strength of NetEase Inc (ADR)

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of May 23, 2024, NetEase Inc (ADR) has a weighted four-quarter relative price strength of -4.58%, which translates to a Momentum Score of 50 and is considered to be Average.

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NetEase Inc (ADR) Stock Price: Bottom Line

As of May 24, 2024, NetEase Inc (ADR)’s stock price is $90.48, which is down 4.5% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like NetEase Inc (ADR) stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.