On 8/5/24, The9 Ltd (NASDAQ: NCTY) stock suffered a major decline of -13.0%, closing at $6.34. NORMAL trading volume accompanied the decline. Relative to the market the stock has been strong over the last nine months but has declined -12.4% 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 C (Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. The9 has a poor Appreciation Score of 26 but a good Power Rating of 72, resulting in the Neutral Value Trend Rating.
Rating Review
In light of this highly negative 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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