The trading price of The9 Limited (NASDAQ:NCTY) floating lower at last check on Tuesday, Feb 23, closing at $81.57, -19.39% lower than its previous close.

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Traders who pay close attention to intraday price movement should know that it has been fluctuating between $49.29 and $67.77. The company’s P/E ratio in the trailing 12-month period was 6.31, while its 5Y monthly beta was 2.32. In examining the 52-week price action we see that the stock hit a 52-week high of $89.2 and a 52-week low of $2.04. Over the past month, the stock has gained 796.37% in value.

On the technical side, indicators suggest NCTY has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.

Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned NCTY a recommendation rating is 1. Out of them, no one rate it a Hold, while none recommend Buy, whereas none assign an Outperform rating. 1 analyst(s) have tagged The9 Limited (NCTY) as Underperform, while not any of them advise Sell. Analysts have rated the stock Underweight, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.

To see how The9 Limited stock has been performing today in comparison to its peers in the industry, here are the numbers: NCTY stock’s performance was -19.39% at last check in today’s session, and +715.7% in the past year, while Relx Plc (RELX) has been trading +0.18% in recent session and positioned -9.26% lower than it was a year ago. Another comparable company Tencent Music Entertainment Group ADR (TME) saw its stock trading -2.47% lower in today’s session but was up +95.21% in a year. Furthermore, Yandex N.V. (YNDX) showed a decline of -19.39% today while its price kept rising at 715.7% over the past year. The9 Limited has a P/E ratio of 6.31, compared to Relx Plc’s 27.63 and Tencent Music Entertainment Group ADR’s 67.77. Also during today’s trading, the S&P 500 Index has soared -0.49%, while the Dow Jones Industrial also saw a negative seesion, down -0.27% today.

An evaluation of the daily trading volume of The9 Limited (NASDAQ:NCTY) indicates that the 3-month average is 4.48 Million. However, this figure has declined over the past 10 days to an average of 3.03 Million.

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Currently, records show that 8.96 Million of the company’s shares remain outstanding. According to Thomson Reuters data, insiders hold 2.71% of outstanding shares, whereas institutions hold 4.23%. The stats also highlight that short interest as of January 28, 2021, stood at 744.81 Million shares, resulting in a short ratio of 0.08 at that time. From this, we can conclude that short interest is 8.31% of the company’s total outstanding shares. It is noteworthy that short shares in January were up slightly from the previous month’s figure, which was 110.48 Million. However, since the stock’s price has seen +2204.24% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.

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