Alert: Negative Investment/Fundamental Signals (4/1/24)-Netease Inc (NASDAQ: NTES)


Important negative changes in Netease Inc (NASDAQ: NTES) fundamentals have recently occurred. Negative developments: the stock’s power rating fell below 50, significant quarterly sales deceleration occurred, the consensus estimate for December, 2024 decreased significantly, and the consensus estimate for December, 2025 decreased significantly. Positive development: significant quarterly earnings acceleration occurred.

Netease Inc (NASDAQ: NTES). Extremely significant negative changes in investment behavior have recently occurred: the stock’s recent price decline challenged its longer term uptrend, and the stock fell on very heavy volume.

In light of these highly negative signals we are reviewing our current Overall Rating of D. We would continue to view the shares with caution pending completion of this review in the next several days.


Current PriceTarget Research Rating

NTES’ future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.

Netease has a current Value Trend Rating of D (Negative). 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 43 and a neutral Power Rating of 42, and the Negative Value Trend Rating results.

Recent Price Action

Netease Inc (NASDAQ: NTES) stock closed at $98.71 on 4/1/24 after a decline of -4.6%. Moreover, trading volume in this decline was exceptionally high at 202% of normal. The stock has declined -7.6% during the last week and has performed in line with the market over the last nine months.

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