HomeFinanceJP Morgan Assigned "a Neutral" Rating to The9 Limited (NASDAQ:NCTY) Stock

JP Morgan Assigned “a Neutral” Rating to The9 Limited (NASDAQ:NCTY) Stock

JP Morgan raised the price target for the The9 Limited (NASDAQ:NCTY) stock from “an Overweight” to “a Neutral”. The rating was released on November 13, 2009, according to finviz. The research report from Roth Capital has reiterated the stock to Hold, with a price target set at $11. The stock was reiterated by ThinkEquity, who disclosed in a research note on January 27, 2009, to Buy and set the price objective to $20. In their research brief published January 27, 2009, Sterne Agee analysts initiated the The9 Limited stock to Hold with a price target of $16.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free.


The latest trade, Performances and Moving Averages give us the following Picture

The share price of The9 Limited (NASDAQ:NCTY) raised 9.09% to close Thursday’s market session at $1.44, higher as compared to yesterday’s close. The stock price fluctuated between $1.31 and $1.96 throughout the trading session with the volume trading being 11330864 shares, which represented a significant variation when compared to the three months average volume of 318.67K shares. The firm’s stock price fluctuated 6.67% within the last five trades and -1.37% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price decreased -81.95% in the last 6 months and -59.66% was subtracted to its value over the previous 3 months. NCTY stock is trading at a margin of -2.57%, -23.28% and -76.76% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.

As of the close of trading, NCTY deals in the Communication Services domain. The stock is trading -92.18 percent below its 52-week high and 26.32 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is -92. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.

What Does The9 Limited’s Profitability and Valuation Ratios Tell Us About the Stock?

The stock’s market cap achieved a total value of $33.91 million as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 1.67 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 0.27, which equates the market value of a stock with its book value.

Is Insider Trading a Real Thing?

Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 45.10 percent of The9 Limited shares are owned by insiders, and 7.40 percent are held by financial institutions.

Melanie Gerald
Melanie Gerald
I am a previous Investment and Commercial Banker with more than 30 years involvement in the field. I have been prompting the two people and institutional customers on high return speculation techniques since 1991. MY goal is to bring financial specialists the most beneficial and freshest high profit thoughts. My exploration intends to expand returns by recognizing underestimated protections in the High Yield space.


Please enter your comment!
Please enter your name here

Popular posts




Download Free eBook For

The 5 Best Growth Stocks 2022

100% free. stop anytime no spam