The9 Limited (NASDAQ:NCTY) in recent session today was buoying at a fall of -12.23% from its closing price on previous day.
Taking a look at stock we notice that its last check on previous day was $0.32 and 5Y monthly beta was reading 1.59 with its price kept floating in the range of $0.2510 and $0.2845 on the day. Company’s P/E ratio for the trailing 12 months is 0. Considering stock’s 52-week price range provides that NCTY hit a high price of $1.34 and saw its price falling to a low level of $0.3 during that period. Over a period of past 1-month, stock came losing -52.97% in its value.
In contrast, when we review NCTY stock’s current outlook then short term indicators are assigning it an average of 100% Sell, while medium term indicators are categorizing the stock at an average of 100% Sell. Long term indicators are suggesting an average of 100% Sell for it.
According to ratings assigned by 1 analysts at the scale of 1 to 5 with 1.00 representing a strong buy and 5.00 suggesting a strong sell; none of them are recommending The9 Limited (NCTY) as a Hold, while none are in view that stock is a Buy. Recommendation by None analysts for the stock is an Outperform while number of those analysts who rated the stock as Underperform is 1, whereas none of them are considering the stock as a Sell. When taken as whole, stock gets a rating of Underweight and that encourages the investors to exploit the opportunity and build their stake up in the company.
In comparing The9 Limited (NCTY)’s stock with other industry players reveals that stock’s latest price change of -12.23% and that of -66.24% over the past 12 months is in competing position with that of Relx Plc (RELX) which saw its stock price fell by -2.73% in the recent trading and went through a decline of -3.38% in past 12-month trading. Industry’s another major player Tencent Music Entertainment Group ADR (TME) has fell -2.9% down in latest trading session, but over the past year has faced a rise of 6.88%, while Yandex N.V. (YNDX) is also down -12.23% however its price remained floating in the red at -66.24% over the same period. The9 Limited has a P/E ratio of 0 against that of Relx Plc’s 25.96 while Tencent Music Entertainment Group ADR is showing 41.78 for the same. On the other hand, the S&P 500 Index was down -0.54% in the early deals while the Dow Jones Industrial was dealing lower at -0.29%.
Having a second look at The9 Limited (NASDAQ:NCTY) provides that stock’s average daily trading volume for 3 months was 3.13 Million, while it jumped to 9.11 Million when we calculate an average volume for past 10 days. Number of outstanding shares of the stock currently stood at 88.15 Million.
Data compiled by Thomson Reuters highlights that percentage of outstanding shares held by the insiders is 24.7% while it is 0.19% for the institutional holders. The figures also indicate that as of September 29, 2020, number of stock’s short shares was 1800000 which implies a short ratio of 0.43. This shows up a 2.78% of Short Interest in company’s outstanding shares on the day. In September the standing of shares short improved as it was 1.63 Million in the previous month. Drop of -65.13% by stock’s current price to its year-to-date value in today’s trading is likely to be increasing investors’ worries about the stock as it is hinting a further drop.