For the readers interested in the stock health of The9 Limited (NCTY). It is currently valued at $15.26. When the transactions were called off in the previous session, Stock hit the highs of $17.74, after setting-off with the price of $17.63. Company’s stock value dipped to $15.06 during the trading on the day. When the trading was stopped its value was $17.62.
Recently in News on April 21, 2021, The9 Signed a Legally Binding Term Sheet on an Investment in Skychain Technologies Inc. for Constructing Mining Facilities in Canada. The9 Limited (Nasdaq: NCTY) (“The9”), an established Internet company, today announced that it signed a legally binding term sheet on a CAD4 million investment in Skychain Technologies Inc. (“Skychain”), a company listed in TSX Venture Exchange in Canada. The purpose of the investment is for the construction and operation of a 12 MW cryptocurrency mining facility located in Birtle, Manitoba, Canada. The9 plans to deploy its cryptocurrency mining machines in this mining facility upon completion of the construction. You can read further details here
The9 Limited had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $89.20 on 02/22/21, with the lowest value was $5.25 for the same time period, recorded on 01/04/21.
The9 Limited (NCTY) full year performance was 142.99%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, The9 Limited shares are logging -82.89% during the 52-week period from high price, and 648.04% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $2.04 and $89.20.
The company’s shares, operating in the sector of Communication Services managed to top a trading volume set approximately around 1715930 for the day, which was evidently lower, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the The9 Limited (NCTY) recorded performance in the market was 331.07%, having the revenues showcasing -38.44% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 251.03M, as it employees total of 47 workers.
The9 Limited (NCTY) in the eye of market guru’s
During the last month, 0 analysts gave the The9 Limited a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 27.35, with a change in the price was noted +12.45. In a similar fashion, The9 Limited posted a movement of +443.06% for the period of last 100 days, recording 3,872,579 in trading volumes.
The9 Limited (NCTY): Stocks Technical analysis and Trends
Raw Stochastic average of The9 Limited in the period of last 50 days is set at 0.40%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 1.70%. In the last 20 days, the company’s Stochastic %K was 3.82% and its Stochastic %D was recorded 7.89%.
If we look into the earlier routines of The9 Limited, multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 331.07%. Additionally, trading for the stock in the period of the last six months notably improved by 541.18%, alongside a boost of 142.99% for the period of the last 12 months. The shares increased approximately by -24.23% in the 7-day charts and went up by -42.80% in the period of the last 30 days. Common stock shares were lifted by -38.44% during last recorded quarter.