September 22, 2020

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Notable Stock to Watch: NetEase (NASDAQ: NTES) and Marvel Entertainment signs strategic partnership at NetEase Games Annual Product Launch

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NetEase, Inc. (NASDAQ: NTES) spotted trading -7.99% off 52-week high price. On the other end, the stock has been noted 44.38% away from the low price over the last 52-weeks. The stock changed -4.51% to recent value of $266.53. The stock transacted 1025037 shares during most recent day however it has an average volume of 792.53K shares. The company has 126.61M of outstanding shares and 125.99M shares were floated in the market.

NetEase, Inc. (NASDAQ: NTES) one of China’s leading internet and online game services providers, and Marvel Entertainment, the world-famous entertainment company, announced their strategic partnership at NetEase Games Annual Product Launch recently. The two companies will collaborate to create original entertainment content based on internationally beloved Marvel stories. Joint products including games, television series and comic books featuring Marvel characters will be developed for users in China and beyond.

William Ding, founder and CEO of NetEase said “Having admired the work Marvel has created over the years, we are excited to incorporate these beloved stories and characters into world-class entertainment content for global fans”. “Adhering to NetEase’s brand statement of ‘Passion of Gamers’, we will work hard to deliver the type of high-quality content that game players and Marvel fans will be pleased to see.”

“Marvel’s Super Heroes have inspired an entire universe of storytelling that resonates across today’s media – and games are one of the best ways to experience those stories,” said Dan Buckley, President of Marvel Entertainment. “As a global leader in online games, NetEase is the perfect fit to help bring the Marvel Universe to more fans around the world. We can’t wait to share more about the exciting new games and other content that will be developed with this partnership.”

Its earnings per share (EPS) expected to touch remained -41.50% for this year while earning per share for the next 5-years is expected to reach at -1.66%. NTES has a gross margin of 42.30% and an operating margin of 11.80% while its profit margin remained 9.20% for the last 12 months.

According to the most recent quarter its current ratio was 2 that represents company’s ability to meet its current financial obligations. The price moved ahead of -2.27% from the mean of 20 days, 2.63% from mean of 50 days SMA and performed 13.63% from mean of 200 days price. Company’s performance for the week was 0.78%, -0.65% for month and YTD performance remained 13.24%.

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