On 5/20/24, The9 Ltd (NASDAQ: NCTY) stock enjoyed a major increase of 10.6%, closing at $7.70. Moreover, trading volume in this advance was above average at 131% of normal. The stock has performed in line with the market over the last nine months and has risen 15.6% during the last week.
Current PriceTarget Research Rating
NCTY is expected to continue to be a modest Value Eraser reflecting capital returns that are forecasted to be below the cost of capital.
The9 has a current Value Trend Rating of D (Negative). This VT Rating improved modestly in recent days from F previously. This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. The9 has a slightly negative Power Rating of 40 and a poor Appreciation Score of 28, with the Negative Value Trend Rating the result.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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