Moreover, the 36-month beta value for NCTY is 1.88. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for NCTY is 2.82M and currently, short sellers hold a 2.89% of that float. On April 01, 2024, NCTY’s average trading volume was 67.13K shares.
NCTY) stock’s latest price update
The stock of The9 Limited ADR (NASDAQ: NCTY) has increased by 14.12 when compared to last closing price of 5.95.Despite this, the company has seen a gain of 22.12% in its stock price over the last five trading days. InvestorPlace reported 2023-07-12 that Much like baseball, the investing game yields success through mitigated failure, which brings us to the topic of doomed stocks to avoid. No matter who you are, you will never achieve a perfect lifetime record in the capital market.
NCTY’s Market Performance
NCTY’s stock has risen by 22.12% in the past week, with a monthly rise of 13.17% and a quarterly drop of -26.99%. The volatility ratio for the week is 8.59% while the volatility levels for the last 30 days are 9.01% for The9 Limited ADR The simple moving average for the past 20 days is 24.57% for NCTY’s stock, with a -1.75% simple moving average for the past 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 21.89% 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 -53.81% of loss for the given period.
Volatility was left at 9.01%, however, over the last 30 days, the volatility rate increased by 8.59%, as shares surge +24.82% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +60.52% upper at present.
During the last 5 trading sessions, NCTY rose by +22.12%, which changed the moving average for the period of 200-days by -1.61% in comparison to the 20-day moving average, which settled at $5.52. In addition, The9 Limited ADR saw -9.35% 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:
- -2.24 for the present operating margin
- -0.39 for the gross margin
The net margin for The9 Limited ADR stands at -4.02. The total capital return value is set at 2.08. Equity return is now at value -744.26, with -115.82 for asset returns.
Based on The9 Limited ADR (NCTY), the company’s capital structure generated -1.37 points at debt to capital in total, while cash flow to debt ratio is standing at 2.14.
Currently, EBITDA for the company is -461.75 million with net debt to EBITDA at -0.29. When we switch over and look at the enterprise to sales, we see a ratio of 1.38. The receivables turnover for the company is 238.01for trailing twelve months and the total asset turnover is 0.47. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.30.
Conclusion
To wrap up, the performance of The9 Limited ADR (NCTY) has been mixed in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
