The9 Limited (NASDAQ:NCTY) closed Friday at $1.29 per share, up from $1.07 a day earlier. While The9 Limited has overperformed by 20.56%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, NCTY fell by -79.06%, with highs and lows ranging from $6.26 to $0.45, whereas the simple moving average fell by -6.89% in the last 200 days.
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On November 13, 2009, JP Morgan Downgraded The9 Limited (NASDAQ: NCTY) to Neutral. A report published by Oppenheimer on June 18, 2009, Downgraded its rating to ‘Perform’ for NCTY. Roth Capital also reiterated NCTY shares as ‘Hold’, quoting a target price of $11 on the company’s shares in a report dated April 16, 2009. ThinkEquity Reiterated the rating as Buy on January 27, 2009, but set its price target from $16 to $20. Sterne Agee initiated its ‘Hold’ rating for NCTY, as published in its report on January 27, 2009. Brean Murray also rated the stock as ‘Hold’.
Analysis of The9 Limited (NCTY)
Further, the quarter-over-quarter decrease in sales is -59.60%, showing a negative trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of The9 Limited’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of -163.60% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.90, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
As an indicator of volatility for any stock, average volume can also be very valuable, and NCTY is recording an average volume of 206.63K. On a monthly basis, the volatility of the stock is set at 12.85%, whereas on a weekly basis, it is put at 23.85%, with a gain of 112.17% over the past seven days.
How Do You Analyze The9 Limited Shares?
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 45.10%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 3.30% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
NCTY shares are owned by institutional investors to the tune of 3.30% at present.
