The9 Ltd (NASDAQ: NCTY) stock enjoyed a major increase of 11.2% on 10/9/24. The shares closed at $8.16. Moreover, this advance was accompanied by exceptionally high trading volume at 855% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 25.3% 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). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. The9 has a slightly negative Appreciation Score of 34 but a good Power Rating of 82, and the Neutral Value Trend Rating results.
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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