How have the shares performed?
The9 Limited (NCTY) saw an uptrend of 14.51% in the recent trading with $15.39 being its most recent. The current price level -82.75% lower than the highest price of $89.20 marked by the stock while trading over the past 52-weeks, whereas it is 654.41% higher than the lowest price of $2.04 the company dropped to over past 52-weeks. The latest news story on NCTY appeared in Benzinga under the title “The9 Inks Three Chia Cryptocurrency Mining Machine Purchase Agreements For $5.7M” on May-14-21.
Squeezing the time span to 30 day period shows us the stock is currently trading -41.48% below one month high and is +17.48% above of the lowest during that time. Looking into the simple moving average, The9 Limited (NCTY)’s stock stands at a SMA-50 of $31.09 while that of 5-day is reading $15.29.
Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and NCTY’s SMA-200 as of now is $16.07.
Do analysts rate it as a buy, sell or hold?
Irrespective of recent performance, what’s important is what the future holds. In uncertain economic times, a clear picture is difficult to get. Analysts generally have a good understanding of the market works, which gives them a leg up in making predictions. Currently, the stock has been recommended as Moderate Sell by 1 of the brokerage firms. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 4.00 for the stock.
The9 Limited Earnings – What Happened With NCTY
Coming around sales and income figures, publically trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. During the reported three-month period, company’s sales were $23.6 million.
NCTY – The9 Limited Stock Earnings Estimates
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 14.09 million. NCTY does have institutional investors; and they hold 5.80% of the stock.
The9 Limited – Insider Activity and Holdings
As on Dec 30, 2020, Susquehanna Fundamental Investments, LLC was the top most holder in The9 Limited (NASDAQ:NCTY) with an ownership of 50200.0 shares of the company or 0.33% of the stake worth $0.18 million. The filing also reveals Paloma Partners Management Co as the second largest holder in the company with a control over 0.25% of the outstanding shares. Its stake is worth $0.13 million for having 37519.0 shares in hand.
Cutler Group LP also came holding a key position in the company during the recent quarter and it now holds 0.12% of the outstanding shares. With this there are now 14 institutions which have possession in NCTY’s shares.
Currently, the stock has been recommended as Moderate Sell by 1 of the brokerage firms. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 4.00 for the stock.
Technical Analysis of The9 Limited (NASDAQ:NCTY) stock
To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for The9 Limited (NCTY), we notice that the stock’s 20-day average volume is at 1,277,025 shares and 50% of short term indicators are suggesting the stock as Sell. Medium term indicators at an average of 50% are spotting the stock at Buy with its 50-day average volume of 2,251,026 shares. And to end, NCTY’s 100-day average volume is 3,890,781 shares with 50% of the long-term indicators pointing towards Sell for the stock.