The9 Limited (NASDAQ:NCTY) price closed lower on Monday, September 13, dropping -4.39% below its previous close.
A look at the daily price movement shows that the last close reads $13.22, with intraday deals fluctuated between $12.15 and $13.52. The company’s 5Y monthly beta was ticking 1.18 while its P/E ratio in the trailing 12-month period read 0.75. Taking into account the 52-week price action we note that the stock hit a 52-week high of $89.20 and 52-week low of $2.04. The stock subtracted -20.05% on its value in the past month.
The9 Limited, which has a market valuation of $263.42 million, is expected to release its quarterly earnings report Mar 29, 2021.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give NCTY a short term outlook of 50% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Sell, while an average of long term indicators are currently assigning the stock as 100% Sell.
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: 0 rate it as a Hold; 0 advise Buy while 0 analyst(s) assign an Overweight rating. 1 analyst(s) have tagged the The9 Limited (NCTY) stock as Underweight, with 0 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.
The overview shows that NCTY’s price is at present -12.87% off the SMA20 and -2.42% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 41.08, with weekly volatility standing at 8.96%. The indicator jumps to 9.50% when calculated based on the past 30 days. The9 Limited (NASDAQ:NCTY)’s beta value is holding at 1.20, while the average true range (ATR) indicator is currently reading 1.54. Considering analysts have assigned the stock a price target range of $671.50-$671.50 as the low and high respectively, we find the trailing 12-month average consensus price target to be $671.50. Based on this estimate, we see that current price is roughly -5212.5% off the estimated low and -5212.5% off the forecast high. Investors will no doubt be excited to see the share price fall to $671.50, which is the median consensus price, and at that level NCTY would be -5212.5% from current price.
An analysis of the The9 Limited (NASDAQ:NCTY) stock in terms of its daily trading volume indicates that the 3-month average is 2.62 million.
Current records show that the company has 20.84M in outstanding shares. The insiders’ percentage holdings are 45.10% of outstanding shares while the percentage share held by institutions stands at 2.90%. But the 257.06% 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.