In last trading session, The9 Limited (NASDAQ:NCTY) saw 1,273,663 shares changing hands with its beta currently measuring 1.94. Company’s recent per share price level of $13.14 trading at -$0.78 or -5.6% at ring of the bell on the day assigns it a market valuation of $117.72 Million. That closing price of NCTY’s stock is at a discount of -111.72% from its 52-week high price of $27.82 and is indicating a premium of 84.47% from its 52-week low price of $2.04. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 25.38 Million shares which gives us an average trading volume of 3.65 Million if we extend that period to 3-months.
For The9 Limited (NCTY), analysts’ consensus is at an average recommendation of Underweight while assigning it a mean rating of 4. Splitting up the data highlights that, out of 1 analysts covering the stock, none rated the stock as a Sell while none recommended an Overweight rating for the stock. None suggested the stock as a Hold whereas none see the stock as a Buy. 1 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0 in the current quarter.
The9 Limited (NASDAQ:NCTY) trade information
In the face of being in the red during last session for losing -5.6%, in the last five days NCTY remained trading in the green while hitting it’s week-highest on Thursday, Jan 07 when the stock touched $27.82- price level, adding 52.77% to its value on the day. The9 Limited’s shares saw a change of 271.19% in year-to-date performance and have moved -11.75% in past 5-day. The9 Limited (NASDAQ:NCTY) showed a performance of 379.56% in past 30-days. Number of shares sold short was 110.48 Million shares which calculate 30.27 days to cover the short interests.
The9 Limited (NCTY) estimates and forecasts
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 33.7% during past 5 years. In 2021, company’s earnings growth rate is likely to be around 56.9% while estimates for its earnings growth in next 5 years are of 0%
The9 Limited (NASDAQ:NCTY)’s Major holders
Insiders are in possession of 2.71% of company’s total shares while institution are holding 4.23% percent of that, with stock having share float percentage of 4.35%. Investors also watch the number of corporate investors in a company very closely, which is 6 institutions for The9 Limited that are currently holding shares of the company. CVI Holdings, LLC is the top institutional holder at NCTY for having 219.28 Thousand shares of worth $694.67 Thousand. And as of September 29, 2020, it was holding 0.32% of the company’s outstanding shares.
The second largest institutional holder is Anson Funds Management LP, which was holding about 100.87 Thousand shares on September 29, 2020. The number of shares represents firm’s hold over 0.15% of outstanding shares, having a total worth of $319.54 Thousand.
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