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Selling Your The9 Limited (NASDAQ: NCTY) Stock? Here’s What You Need To Know

The9 Limited (NASDAQ:NCTY) shares, rose in value on Friday, 05/13/22, with the stock price up by 9.35% to the previous day’s close as strong demand from buyers drove the stock to $1.52.

Actively observing the price movement in the last trading, the stock closed the session at $1.39, falling within a range of $1.42 and $1.5538. The value of beta (5-year monthly) was 1.47. Referring to stock’s 52-week performance, its high was $21.36, and the low was $1.14. On the whole, NCTY has fluctuated by -45.13% over the past month.

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With the market capitalization of The9 Limited currently standing at about $40.58 million, investors are eagerly awaiting this quarter’s results, scheduled for Mar 29, 2021.

Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that NCTY’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.

The stock’s technical analysis shows that the PEG ratio is about 0, with the price of NCTY currently trading nearly -33.60% and -46.00% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 31.76, while the 7-day volatility ratio is showing 18.38% which for the 30-day chart, stands at 12.34%. Furthermore, The9 Limited (NCTY)’s beta value is 1.48, and its average true range (ATR) is 0.26.

Data on historical trading for The9 Limited (NASDAQ:NCTY) indicates that the trading volumes over the past 10 days have averaged 0.35 million and over the past 3 months, they’ve averaged 344.76K. According to company’s latest data on outstanding shares, there are 26.70 million shares outstanding.

Nearly 45.10% of The9 Limited’s shares belong to company insiders and institutional investors own 6.70% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 0.93 million shares as on Feb 14, 2022, resulting in a short ratio of 3.1. According to the data, the short interest in The9 Limited (NCTY) stood at 4.71% of shares outstanding as of Feb 14, 2022; the number of short shares registered in Jan 13, 2022 reached 0.96 million. The stock has fallen by -77.31% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the NCTY stock heading into the next quarter.

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