On 3/28/24, The9 Ltd (NASDAQ: NCTY) stock enjoyed a major increase of 14.1%, closing at $6.79. Moreover, this advance was accompanied by unusually high trading volume at 168% of normal. The stock has risen 28.0% during the last week but has been extremely weak relative to the market over the last nine months.
Current PriceTarget Research Rating
NCTY is expected to continue to be a modest Value Eraser reflecting capital returns that are forecasted to fall short of the cost of capital.
The9 has a current Value Trend Rating of F (Lowest Rating). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. The9 has a poor Power Rating of 24 and a very low Appreciation Score of 2, 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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