On 6/7/24, The9 Ltd (NASDAQ: NCTY) stock enjoyed a major increase of 10.9%, closing at $8.44. Moreover, exceptionally high trading volume at 421% of normal accompanied the advance. The stock has risen 11.1% 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 D (Negative). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. The9 has a poor Appreciation Score of 21 but a slightly positive Power Rating of 61, triggering the Negative Value Trend Rating.
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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