The9 Limited (NASDAQ:NCTY) has a beta of 1.22, a 12-month trailing P/E ratio of 0.74. The stock’s Relative Strength Index (RSI) is 34.10, with weekly volatility at 9.90% and ATR at 2.28. The NCTY stock’s 52-week price range has touched low of $2.04 and a $89.20 high. Its shares traded lower over the last trading session, losing -11.64% on 05/21/21. The shares fell to a low of $12.55 before closing at $12.60. Intraday shares traded counted 1.64 million, which was 28.81% higher than its 30-day average trading volume of 2.30M. NCTY’s previous close was $14.26 while the outstanding shares total 18.25M.
Investors have identified the Electronic Gaming & Multimedia company The9 Limited as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $229.95 million, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
The9 Limited (NCTY) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For NCTY, the company has in raw cash 8.2 million on their books with 12.43 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on a decline. In terms of their assets, the company currently has 11.38 million total, with 69.12 million as their total liabilities.
Is the stock of NCTY attractive?
In the last 6 months, insiders have changed their ownership in shares of company stock by 45.10%.
0 out of 1 analysts covering the stock have rated it a Buy, while 0 have maintained a Hold recommendation on The9 Limited. 0 analysts has assigned a Sell rating on the NCTY stock. The 12-month mean consensus price target for the company’s shares has been set at $3.50.