The9 Ltd (NASDAQ: NCTY) stock enjoyed a major increase of 13.2% on 8/14/24. The shares closed at $7.02. This advance was accompanied by normal trading volume. The stock has risen 10.2% during the last week and has been strong 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 be below the cost of capital.
The9 has a current Value Trend Rating of C (Neutral). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. The9 has a slightly negative Appreciation Score of 35 but a good Power Rating of 72, leading to the Neutral Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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