Do The9 Limited (NCTY) beta value of 1.16 signposts another twist? – Invest Chronicle

Do The9 Limited (NCTY) beta value of 1.16 signposts another twist?

For the readers interested in the stock health of The9 Limited (NCTY). It is currently valued at $18.87. When the transactions were called off in the previous session, Stock hit the highs of $21.36, after setting-off with the price of $20.2811. Company’s stock value dipped to $18.49 during the trading on the day. When the trading was stopped its value was $19.37.

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Recently in News on June 4, 2021, Skychain Secures Funding for 12 MW Crypto Hosting Facility in Birtle, Manitoba. Vancouver, British Columbia–(Newsfile Corp. – June 4, 2021) – Skychain Technologies Inc. (TSXV: SCT) (OTCQB: SKTCF) (the “Company”) announces that it has arranged and successfully closed on the first tranche of securities of a private placement (the “Offering”) with The9 Limited (the “The9”) (NASDAQ: NCTY), an industry leader in crypto mining services. You can read further details here


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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 165.77%

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 -78.85% during the 52-week period from high price, and 825.00% 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 5491647 for the day, which was evidently higher, 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 433.05%, having the revenues showcasing -69.56% 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 184.55M, as it employees total of 47 workers.

Market experts do have their say about The9 Limited (NCTY)

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 28.98, with a change in the price was noted +10.26. In a similar fashion, The9 Limited posted a movement of +119.16% for the period of last 100 days, recording 2,852,676 in trading volumes.

Technical breakdown of The9 Limited (NCTY)

Raw Stochastic average of The9 Limited in the period of last 50 days is set at 34.83%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 76.43%. In the last 20 days, the company’s Stochastic %K was 76.72% and its Stochastic %D was recorded 70.61%.

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Bearing in mind the latest performance of The9 Limited, several 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 433.05%. Additionally, trading for the stock in the period of the last six months notably improved by 497.15%, alongside a boost of 165.77% for the period of the last 12 months. The shares increased approximately by 36.54% in the 7-day charts and went down by 40.40% in the period of the last 30 days. Common stock shares were lifted by -69.56% during last recorded quarter.

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