The9 Limited (NCTY) Stock might be a good idea to buy

Related Topics

JP Morgan raised the price target for the The9 Limited (NASDAQ:NCTY) stock from “an Overweight” to “a Neutral”. The rating was released on November 13, 2009. The research report from Roth Capital has reiterated the stock to Hold, with a price target set at $11. The stock was reiterated by ThinkEquity, who disclosed in a research note on January 27, 2009, to Buy and set the price objective to $20. In their research brief published January 27, 2009, Sterne Agee analysts initiated the The9 Limited stock to Hold with a price target of $16.

A Backdoor Way To Profit From Today’s Crypto Bull Market

Even if you’re not actively in crypto, you deserve to know what’s actually going on...

Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.

Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free. .


Historical Earnings Surprises and Revenue Forecasts

This is an average of 0 analysts’ earnings, where the high earnings per share estimate is $0 and the low earnings per share estimate is $0.

The latest trade, Performances and Moving Averages give us the following Picture

The share price of The9 Limited (NASDAQ:NCTY) dipped -24.64% to close Wednesday’s market session at $31.20, lower as compared to yesterday’s close. The stock price fluctuated between $29.71 and $33.99 throughout the trading session with the volume trading being 13081495 shares, which represented a significant variation when compared to the three months average volume of 5.13 million shares. The firm’s stock price fluctuated -11.11% within the last five trades and -29.63% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 500.00% in the last 6 months and 890.48% was added to its value over the previous 3 months. NCTY stock is trading at a margin of -33.38%, -19.07% and 126.88% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.

As of the close of trading, NCTY deals in the Communication Services domain. The stock is trading -65.02 percent below its 52-week high and 1429.41 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 103.45. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.

What Does The9 Limited’s Profitability and Valuation Ratios Tell Us About the Stock?

The stock’s market cap achieved a total value of $364.42 million as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for The9 Limited (NASDAQ:NCTY) is 2.43. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 4272.77 that mirrors the cost to be found for sales by the market.

Is Insider Trading a Real Thing?

Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 45.10 percent of The9 Limited shares are owned by insiders, and 0.80 percent are held by financial institutions.

Leave a Comment

Your email address will not be published. Required fields are marked *

Sign up for our FREE Newsletter and get:
Sign up for our FREE Newsletter and get:

Get The Best Stocks To Trade Every Day!

Join now to get the pre-market morning brief 100% free

We do not sell or share your information with anyone.