Sunday, April 11, 2021

The9 Limited [NCTY] is 1069.49% higher this YTD. Is it still time to buy?

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The9 Limited [NASDAQ: NCTY] surged by $5.1 during the normal trading session on Tuesday and reaching a high of $41.40 during the day while it closed the day at $41.40. The company report on March 30, 2021 that The9 Ltd. to Host Earnings Call.

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The9 Ltd. (NASDAQ:NCTY) will be discussing their earnings results in their 2020 Second Half Earnings call to be held on March 30, 2021 at 8:00 AM Eastern Time.


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To listen to the event live or access a replay of the call – visit https://www.investornetwork.com/event/presentation/75901.

The9 Limited stock has also gained 12.96% of its value over the past 7 days. However, NCTY stock has inclined by 1009.92% in the 3 months of the year. Over the past six months meanwhile, it has gained 488.07% and gained 1069.49% year-on date.

The market cap for NCTY stock reached $483.55 million, with 11.80 million shares outstanding and 5.30 million shares in the current float. Compared to the average trading volume of 5.10M shares, NCTY reached a trading volume of 2598001 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about The9 Limited [NCTY]:

JP Morgan have made an estimate for The9 Limited shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on November 13, 2009. The new note on the price target was released on June 18, 2009, representing the official price target for The9 Limited stock. Previously, the target price had yet another drop from $17 to $11, while Roth Capital kept a Hold rating on NCTY stock. On January 27, 2009, analysts increased their price target for NCTY shares from 16 to 20.

The Average True Range (ATR) for The9 Limited is set at 10.08, with the Price to Sales ratio for NCTY stock in the period of the last 12 months amounting to 5669.64.

NCTY stock trade performance evaluation

The9 Limited [NCTY] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 12.96. With this latest performance, NCTY shares dropped by -7.84% in over the last four-week period, additionally plugging by 488.07% over the last 6 months – not to mention a rise of 935.26% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for NCTY stock in for the last two-week period is set at 48.13, with the RSI for the last a single of trading hit 46.38, and the three-weeks RSI is set at 50.26 for The9 Limited [NCTY]. The present Moving Average for the last 50 days of trading for this stock 38.55, while it was recorded at 36.21 for the last single week of trading, and 13.75 for the last 200 days.

The9 Limited [NCTY]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and The9 Limited [NCTY] shares currently have an operating margin of -38089.23 and a Gross Margin at -835.53. The9 Limited’s Net Margin is presently recorded at -55820.08.

Reflecting on the efficiency of the workforce at the company, The9 Limited [NCTY] managed to generate an average of -$452,247 per employee. Receivables Turnover for the company is 0.04 with a Total Asset Turnover recorded at a value of 0.00.The9 Limited’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.20 and a Current Ratio set at 0.20.

The9 Limited [NCTY]: Insider Ownership positions

There are presently around $4 million, or 0.80% of NCTY stock, in the hands of institutional investors. The top three institutional holders of NCTY stocks are: SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC with ownership of 50,200, which is approximately New of the company’s market cap and around 45.10% of the total institutional ownership; PALOMA PARTNERS MANAGEMENT CO, holding 37,519 shares of the stock with an approximate value of $1.55 million in NCTY stocks shares; and WELLS FARGO & COMPANY/MN, currently with $0.17 million in NCTY stock with ownership of nearly New of the company’s market capitalization.

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Positions in The9 Limited stocks held by institutional investors increased at the end of March and at the time of the March reporting period, where 3 institutional holders increased their position in The9 Limited [NASDAQ:NCTY] by around 91,719 shares. Additionally, 5 investors decreased positions by around 350,110 shares, while 0 investors held positions by with 350,094 shares. The mentioned changes placed institutional holdings at 91,735 shares, according to the latest SEC report filing. NCTY stock had 3 new institutional investments in for a total of 91,719 shares, while 4 institutional investors sold positions of 350,109 shares during the same period.

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