The9 Limited (NASDAQ:NCTY) went down by -12.36% from its latest closing price compared to the recent 1-year high of $89.20. The company’s stock price has collected -16.01% of loss in the last five trading sessions. Press Release reported on 04/21/21 that The9 Signed a Legally Binding Term Sheet on an Investment in Skychain Technologies Inc. for Constructing Mining Facilities in Canada
Is It Worth Investing in The9 Limited (NASDAQ :NCTY) Right Now?
The9 Limited (NASDAQ:NCTY) scored a price-to-earnings ratio above its average ratio, recording 1.20 x from its present earnings ratio. Plus, the 36-month beta value for NCTY is at 1.14. Opinions of the stock are interesting as 0 analysts out of 1 who provided ratings for The9 Limited declared the stock was a “buy,” while 0 rated the stock as “overweight,” 0 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $671.50. NCTY currently public float of 8.28M and currently shorts hold a 9.74% ratio of that float. Today, the average trading volume of NCTY was 2.57M shares.
NCTY’s Market Performance
NCTY stocks went down by -16.01% for the week, with a monthly drop of -40.76% and a quarterly performance of 44.89%, while its annual performance rate touched 290.76%. The volatility ratio for the week stands at 13.10% while the volatility levels for the past 30 days are set at 14.31% for The9 Limited. The simple moving average for the period of the last 20 days is -14.79% for NCTY stocks with a simple moving average of 29.22% for the last 200 days.
Analysts’ Opinion of NCTY
Roth Capital gave a rating of “Hold” to NCTY, setting the target price at $11 in the report published on April 16th of the previous year.
NCTY Trading at -47.35% from the 50-Day Moving Average
After a stumble in the market that brought NCTY to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -77.42% of loss for the given period.
Volatility was left at 14.31%, however, over the last 30 days, the volatility rate increased by 13.10%, as shares sank -33.62% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -75.70% lower at present.
During the last 5 trading sessions, NCTY fell by -16.01%, which changed the moving average for the period of 200-days by +158.17% in comparison to the 20-day moving average, which settled at $23.12. In addition, The9 Limited saw 468.93% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for NCTY
Current profitability levels for the company are sitting at:
- -17909.40 for the present operating margin
- -30.16 for the gross margin
The net margin for The9 Limited stands at +63421.40. Equity return is now at value -71.10, with 305.20 for asset returns.
When we switch over and look at the enterprise to sales, we see a ratio of 225.16, with the company’s debt to enterprise value settled at 0.09. The receivables turnover for the company is 0.08 and the total asset turnover is 0.01. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.12.