The9 Limited (NASDAQ:NCTY) shares traded 6.69% higher at $1.02 on Wall Street last session.
In accordance with the data, 1 analysts cover The9 Limited (NASDAQ:NCTY). The consensus rating among analysts is ‘Underweight’. As we calculate the median target price by taking the range between a high of $671.50 and a low of $671.50, we find $671.50. Given the previous closing price of $0.96, this indicates a potential upside of 69847.92 percent. NCTY stock price is now 32.25% away from the 50-day moving average and 16.84% away from the 200-day moving average. The market capitalization of the company currently stands at $31.99M.
Brokers who have rated the stock have averaged $671.50 as their price target over the next twelve months.
A total of 45.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in NCTY stock. A new stake in The9 Limited shares was purchased by NOMURA HOLDINGS INC during the first quarter worth $60,000. SUSQUEHANNA INTERNATIONAL GROUP, LLP invested $18,000 in shares of NCTY during the first quarter. In the first quarter, RIDGEWOOD INVESTMENTS LLC acquired a new stake in The9 Limited valued at approximately $1,000. In total, there are 19 active investors with 3.30% ownership of the company’s stock.
The9 Limited (NASDAQ: NCTY) opened at $1.1000 on Tuesday. During the past 12 months, The9 Limited has had a low of $0.45 and a high of $2.18. As of last week, the company has a debt-to-equity ratio of 1.35, a current ratio of 0.70, and a quick ratio of 0.70. The fifty day moving average price for NCTY is $0.7744 and a two-hundred day moving average price translates $0.8731 for the stock.
The latest earnings results from The9 Limited (NASDAQ: NCTY) was released for Dec, 2022.
The9 Limited(NCTY) Company Profile
The9 Limited, together with its subsidiaries, operates as Internet company in the People’s Republic of China and internationally. It also involves in the operation of cryptocurrency mining and Non-Fungible Token platform NFTSTAR, a NFT trading and community platform that provides users with purchase, trade, and interactive activities. The company was formerly known as GameNow.net Limited and changed its name to The9 Limited in February 2004. The9 Limited was incorporated in 1999 and is headquartered in Shanghai, the People’s Republic of China.
