For the readers interested in the stock health of The9 Limited (NCTY). It is currently valued at $0.83. When the transactions were called off in the previous session, Stock hit the highs of $0.91, after setting-off with the price of $0.8066. Company’s stock value dipped to $0.751 during the trading on the day. When the trading was stopped its value was $0.74.Recently in News on December 19, 2022, The9 Limited Announces Result of Annual General Meeting. The9 Limited (the “Company”) (Nasdaq: NCTY), an established Internet company, today announced that the following proposed resolution submitted for shareholder approval has been duly adopted at its annual general meeting of shareholders held in Shanghai today:. You can read further details here
The9 Limited had a pretty Dodgy run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $4.0300 on 03/23/22, with the lowest value was $0.4514 for the same time period, recorded on 12/28/22.
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The9 Limited (NCTY) full year performance was -75.59%
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 -79.53% during the 52-week period from high price, and 82.79% 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 $0.45 and $4.03.
The company’s shares, operating in the sector of Communication Services managed to top a trading volume set approximately around 581028 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 45.52%, having the revenues showcasing 23.19% 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 22.08M, as it employees total of 74 workers.
The Analysts eye on 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 0.9104, with a change in the price was noted -0.01. In a similar fashion, The9 Limited posted a movement of -1.19% for the period of last 100 days, recording 376,591 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for NCTY is recording 0.12 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.00.
Technical rundown of The9 Limited (NCTY)
Raw Stochastic average of The9 Limited in the period of last 50 days is set at 27.73%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 18.11%. In the last 20 days, the company’s Stochastic %K was 7.88% and its Stochastic %D was recorded 4.90%.
Considering, the past performance 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 45.52%. Additionally, trading for the stock in the period of the last six months notably deteriorated by -37.96%, alongside a downfall of -75.59% for the period of the last 12 months. The shares increased approximately by -14.94% in the 7-day charts and went up by -26.98% in the period of the last 30 days. Common stock shares were driven by 23.19% during last recorded quarter.