The9 Limited (NASDAQ:NCTY) went up by 9.09% from its latest closing price compared to the recent 1-year high of $18.41. The company’s stock price has collected 6.67% of gains in the last five trading sessions. The Wall Street Journal reported on 01/04/21 that Tesla, FLIR Systems, Bitcoin: What to Watch When the Stock Market Opens Today
Is It Worth Investing in The9 Limited (NASDAQ :NCTY) Right Now?
Plus, the 36-month beta value for NCTY is at 1.60. 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 14.49M and currently shorts hold a 3.31% ratio of that float. Today, the average trading volume of NCTY was 318.67K shares.
NCTY’s Market Performance
NCTY stocks went up by 6.67% for the week, with a monthly drop of -1.37% and a quarterly performance of -59.66%, while its annual performance rate touched -89.17%. The volatility ratio for the week stands at 16.61% while the volatility levels for the past 30 days are set at 12.01% for The9 Limited. The simple moving average for the period of the last 20 days is -2.57% for NCTY stocks with a simple moving average of -76.76% 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 -23.28% 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 -92.18% of loss for the given period.
Volatility was left at 12.01%, however, over the last 30 days, the volatility rate increased by 16.61%, as shares surge +7.46% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -46.27% lower at present.
During the last 5 trading sessions, NCTY rose by +6.67%, which changed the moving average for the period of 200-days by -90.36% in comparison to the 20-day moving average, which settled at $1.4830. In addition, The9 Limited saw -78.51% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for NCTY
Current profitability levels for the company are sitting at:
- -198.17 for the present operating margin
- +35.21 for the gross margin
The net margin for The9 Limited stands at -302.66. Equity return is now at value -163.60, with -59.60 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 1.93.