The9 Limited (NASDAQ:NCTY) price closed higher on Friday, Jan 22, jumping 22.86% above its previous close.

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A look at the daily price movement shows that the last close reads $9.1, with intraday deals fluctuated between $8.82 and $11.47. The company’s 5Y monthly beta was ticking 2.11 while its P/E ratio in the trailing 12-month period read 0. Taking into account the 52-week price action we note that the stock hit a 52-week high of $27.82 and 52-week low of $2.04. The stock added 236.75% on its value in the past month.

On the technical perspective front, indicators give NCTY a short term outlook of 100% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a Hold, while an average of long term indicators are currently assigning the stock as 50% Buy.

Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 1 analysts have assigned NCTY a recommendation rating as follows: None rate it as a Hold; none advise Buy while none analyst(s) assign an Outperform rating. 1 analyst(s) have tagged the The9 Limited (NCTY) stock as Underperform, with none recommending Sell. In general, analysts have rated the stock Underweight, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.

Turning out attention to how the The9 Limited stock has performed in comparison to its peers in the industry, here’s what we find: NCTY’s stock is +22.86% on the day and +11.82% in the past 12 months, while Relx Plc (RELX) traded +1.75% in the last session and was positioned -3.22% down on its price 12 months ago. Another comparison is with Tencent Music Entertainment Group ADR (TME) whose stock price was up 3.84% in the last trading session, and has flourished +104.54% over the past year. Also, Yandex N.V. (YNDX) showed uptrend of 22.86% while its price kept floating at 11.82% over the past year. As for The9 Limited, the P/E ratio stands at 0 lower than that of Relx Plc’s at 28.38 and Tencent Music Entertainment Group ADR’s 73.22. Elsewhere in the market, the S&P 500 Index has fell -0.3% in last trading session, with the Dow Jones Industrial also saw a negative session on the day with -0.57%.

An analysis of the The9 Limited (NASDAQ:NCTY) stock in terms of its daily trading volume indicates that the 3-month average is 3.8 Million. However, this figure declines on the past 10-day timeline to an average of 1.5 Million.

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Curent records show that the company has 8.96 Million in outstanding shares. According to data from Thomson Reuters, insiders’ percentage holdings are 2.71% of outstanding shares while the percentage share held by institutions stands at 4.23%. The stats also highlight that short interest as of December 30, 2020, stood at 110.48 Million shares, which puts the short ratio at the time at 0.15. From this we can glean that short interest is 1.24% of company’s current outstanding shares. Notably, we see that shares short in December fell slightly given the previous month’s figure stood at 234.39 Million. But the +215.82% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.


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