The trading price of The9 Limited ADR (NASDAQ:NCTY) closed lower on Friday, May 23, and closing at $11.37, -2.40% lower than its previous close.
In examining the 52-week price action we see that the stock hit a 52-week high of $20.59 and a 52-week low of $5.74. Over the past month, the stock has lost -10.33% in value.
The9 Limited ADR, whose market valuation is $139.28 million at the time of this writing, is expected to release its quarterly earnings report in June. Investors’ optimism about the company’s current quarter earnings report is understandable.
On the technical side, indicators suggest NCTY has a 50% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Sell, while an average of long term indicators suggests that the stock is currently 50% Sell.
A quick review shows that NCTY’s price is currently -2.84% off the SMA20 and -4.29% off the SMA50. The RSI metric on the 14-day chart is currently showing 46.53, and weekly volatility stands at 3.38%. When measured over the past 30 days, the indicator reaches 4.41%. The9 Limited ADR (NASDAQ:NCTY)’s beta value is currently sitting at 1.93, while the Average True Range indicator is currently displaying 0.82.
To see how The9 Limited ADR stock has been performing in comparison to its peers in the industry, here are the numbers: NCTY stock’s performance was -2.40% in the latest trading, and 45.40% in the past year.
An evaluation of the daily trading volume of The9 Limited ADR (NASDAQ:NCTY) indicates that the 3-month average is 88.72K.
Currently, records show that 12.25 million of the company’s shares remain outstanding. The insiders hold 4.23% of outstanding shares, whereas institutions hold 2.24%. However, since the stock’s price has seen -21.80% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
