The9 Limited (NASDAQ:NCTY) has a beta value of 1.18 and has seen 2.69 million shares traded in the last trading session. The company, currently valued at $308.42M, closed the last trade at $15.89 per share which meant it lost -$0.14 on the day or -0.87% during that session. The NCTY stock price is -461.36% off its 52-week high price of $89.20 and 87.16% above the 52-week low of $2.04. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.86 million shares traded. The 3-month trading volume is 3.41 million shares.
The consensus among analysts is that The9 Limited (NCTY) is an Underweight stock at the moment, with a recommendation rating of 4.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 1 have rated it as a Hold, with 0 advising it as a Buy. 1 have rated the stock as Underweight.
The9 Limited (NASDAQ:NCTY) trade information
Sporting -0.87% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on Friday, 09/03/21 when the NCTY stock price touched $15.89 or saw a rise of 7.67%. Year-to-date, The9 Limited shares have moved 348.87%, while the 5-day performance has seen it change 6.00%. Over the past 30 days, the shares of The9 Limited (NASDAQ:NCTY) have changed 26.01%. Short interest in the company has seen 1.04 million shares shorted with days to cover at 0.66.
Wall Street analysts have a consensus price target for the stock at $671.50, which means that the shares’ value could jump 97.63% from current levels. The projected low price target is $671.50 while the price target rests at a high of $671.50. In that case, then, we find that the current price level is -4125.93% off the targeted high while a plunge would see the stock gain -4125.93% from current levels.
The9 Limited (NCTY) estimates and forecasts
The company’s shares have lost -58.74% over the past 6 months.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 6.25% over the past 5 years.
The9 Limited is expected to release its next earnings report on March 29 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
The9 Limited (NASDAQ:NCTY)’s Major holders
Insiders own 2.00% of the company shares, while shares held by institutions stand at 6.97% with a share float percentage of 7.11%. Investors are also buoyed by the number of investors in a company, with The9 Limited having a total of 23 institutions that hold shares in the company. The top two institutional holders are CVI Holdings, LLC with over 0.22 million shares worth more than $6.99 million. As of Mar 30, 2021, CVI Holdings, LLC held 1.48% of shares outstanding.
The other major institutional holder is Hudson Bay Capital Management LP, with the holding of over 0.13 million shares as of Mar 30, 2021. The firm’s total holdings are worth over $4.09 million and represent 0.87% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Invesco ETF Tr-Invesco Golden Dragon China ETF and Trust For Professional Managers-PMC Diversified Equity Fund. As of Jun 29, 2021, the former fund manager holds about 0.02% shares in the company for having 3666.0 shares of worth $52277.0 while later fund manager owns 3545.0 shares of worth $50551.0 as of Jun 29, 2021, which makes it owner of about 0.02% of company’s outstanding stock.