The9 Limited ADR (NASDAQ:NCTY) shares, rose in value on Wednesday, June 18, with the stock price up by 5.75% to the previous day’s close as strong demand from buyers drove the stock to $7.91.
Actively observing the price movement in the last trading, the stock closed the session at $7.48. Referring to stock’s 52-week performance, its high was $20.59, and the low was $5.74. On the whole, NCTY has fluctuated by -35.53% over the past month.
With the market capitalization of The9 Limited ADR currently standing at about $96.90 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2012-Aug-23.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. 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 50% Sell.
The stock’s technical analysis shows that the price of NCTY currently trading nearly -18.52% and -26.29% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 32.64, while the 7-day volatility ratio is showing 6.27% which for the 30-day chart, stands at 4.71%. Furthermore, The9 Limited ADR (NCTY)’s beta value is 1.82, and its average true range (ATR) is 0.83.
A comparison of The9 Limited ADR (NCTY) with its peers suggests the former has fared considerably weaker in the market. NCTY showed an intraday change of 5.75% in last session, and over the past year, it shrunk by -6.72%%.
Data on historical trading for The9 Limited ADR (NASDAQ:NCTY) indicates that the trading volumes over the past 3 months, they’ve averaged 99.73K. According to company’s latest data on outstanding shares, there are 12.25 million shares outstanding.
Nearly 4.23% of The9 Limited ADR’s shares belong to company insiders and institutional investors own 2.24% of the company’s shares. The stock has fallen by -45.60% 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.
