The9 Limited ADR (NASDAQ: NCTY) has experienced a rise in its stock price by 11.99 compared to its previous closing price of 10.09. However, the company has seen a gain of 31.88% in its stock price over the last five trading days. gurufocus.com reported 2024-10-09 that On Wednesday, shares of The9 Limited (NCTY, Financial) opened over 6% higher and extended their gains to 7.36%, trading at $7.88. The rise in stock price follows the announcement of a joint venture agreement.
Is It Worth Investing in The9 Limited ADR (NASDAQ: NCTY) Right Now?
Company’s 36-month beta value is 1.93.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for NCTY is 8.56M, and currently, short sellers hold a 0.15% ratio of that floaft. The average trading volume of NCTY on November 15, 2024 was 57.52K shares.
NCTY’s Market Performance
NCTY’s stock has seen a 31.88% increase for the week, with a 31.09% rise in the past month and a 51.68% gain in the past quarter. The volatility ratio for the week is 9.08%, and the volatility levels for the past 30 days are at 6.22% for The9 Limited ADR The simple moving average for the past 20 days is 28.51% for NCTY’s stock, with a 57.60% 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 44.50% 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 able to rebound, for now settling with 11.99% of gains for the given period.
Volatility was left at 6.22%, however, over the last 30 days, the volatility rate increased by 9.08%, as shares surge +28.36% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +60.97% upper at present.
During the last 5 trading sessions, NCTY rose by +31.88%, which changed the moving average for the period of 200-days by +110.77% in comparison to the 20-day moving average, which settled at $8.79. In addition, The9 Limited ADR saw 50.87% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at NCTY starting from Mackenzie Davin A, who proposed sale 500 shares at the price of $8.88 back on Nov 13 ’24. After this action, Mackenzie Davin A now owns shares of The9 Limited ADR, valued at $4,440 using the latest closing price.
Stock Fundamentals for NCTY
Current profitability levels for the company are sitting at:
- -0.94 for the present operating margin
- -0.18 for the gross margin
The net margin for The9 Limited ADR stands at 0.12. The total capital return value is set at -0.83. Equity return is now at value -115.43, with -29.90 for asset returns.
Currently, EBITDA for the company is -26.03 million with net debt to EBITDA at -0.43. When we switch over and look at the enterprise to sales, we see a ratio of 4.25. The receivables turnover for the company is 3193.48for trailing twelve months and the total asset turnover is 0.49. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.37.
Conclusion
In a nutshell, The9 Limited ADR (NCTY) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
