The9 Ltd (NASDAQ: NCTY) stock closed at $8.32 on 11/30/23 after a major increase of 16.2%. Moreover, exceptionally high trading volume at 327% of normal accompanied the advance. Relative to the market the stock has been weak over the last nine months but has risen 23.1% during the last week.
Current PriceTarget Research Rating
NCTY’s future returns on capital are forecasted to be below the cost of capital. Accordingly, the company is expected to continue to be a modest Value Eraser.
The9 has a current Value Trend Rating of F (Lowest Rating). The Value Trend Rating reflects complementary signals from PTR’s two proprietary measures of a stock’s attractiveness. The9 has a slightly negative Power Rating of 33 and a very low Appreciation Score of 1, producing the Lowest Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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