What is The9 Limited (NCTY) Stock Return on Shareholders’ Capital?

The9 Limited (NASDAQ: NCTY) stock jumped 4.55% on Monday to $1.61 against a previous-day closing price of $1.54. With 1.08 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.4 million shares. During the session, the Electronic Gaming & Multimedia company that operates in wider Communication Services sector, reached to the highest price of $1.6800 whereas the lowest price it dropped to was $1.5600. The 52-week range on NCTY shows that it touched its highest point at $5.29 and its lowest point at $0.45 during that stretch. Beta for the stock currently stands at 1.39.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of NCTY was up-trending over the past week, with a rise of 24.81%, but this was up by 140.26% over a month. Three-month performance surged to 101.45% while six-month performance fell -5.29%. The stock lost -70.40% in the past year, while it has gained 183.95% so far this year.

Float and Shares Shorts:

At present, 25.36 million NCTY shares are outstanding with a float of 24.41 million shares on hand for trading. On Oct 13, 2022, short shares totaled 0.38 million, which was 1.61% higher than short shares on Sep 14, 2022. In addition to Mr. Jun Zhu as the firm’s Co-Founder, Chairman & CEO, Mr. Chris Shen serves as its Pres.

Institutional Ownership:

Through their ownership of 4.75% of NCTY’s outstanding shares, institutional investors have minority control over the company. Other institutions hold — of NCTY, in contrast to — held by mutual funds. Shares owned by individuals account for –. With a 0.04% stake in NCTY, the Fidelity Nasdaq Composite Index F is the largest stakeholder. A total of 8,161 shares are owned by the mutual fund manager. The LUX IM SICAV – ESG New Industrial, which owns about 0.03% of NCTY stock, is the second-largest Mutual Fund holder. It holds 6,800 shares valued at 3856.0. Trust for Professional Managers – holds 0.00% of the stake in NCTY, owning 1 shares worth 1.0.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for NCTY since 1 analysts follow the stock currently. There are 0 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 1 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With NCTY analysts setting a high price target of $671.50 and a low target of $671.50, the average target price over the next 12 months is $671.50. Based on these targets, NCTY could surge 41608.07% to reach the target high and rise by 41608.07% to reach the target low. Reaching the average price target will result in a growth of 41608.07% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. NCTY will report FY 2015 earnings on 03/25/2024. Analysts have provided yearly estimates in a range of -$407.53 being high and -$407.53 being low. For NCTY, this leads to a yearly average estimate of -$407.53. Based on analyst estimates, the high estimate for the next quarter is -$108.56 and the low estimate is -$108.56. The average estimate for the next quarter is thus -$108.56.

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