When Does The9 Limited (NCTY) Become A Good Investment?
The9 Limited (NASDAQ:NCTY) has a beta value of 1.16 and has seen 6.58 million shares traded in the last trading session. The company, currently valued at $189.44M, closed the last trade at $19.37 per share which meant it gained $3.32 on the day or 20.69% during that session. The NCTY stock price is -360.51% off its 52-week high price of $89.20 and 89.47% above the 52-week low of $2.04. If we look at the companys 10-day average daily trading volume, we find that it stood at 11.01 million shares traded. The 3-month trading volume is 2.72 million shares. The consensus among analysts is that The9 Limited (NCTY) is an Underweight stock at the moment, with a recommendation rating of 4.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 1 have rated it as a Hold, with 0 advising it as a Buy. 1 have rated the stock as Underweight. The9 Limited (NASDAQ:NCTY) trade information  Sporting 20.69% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on Friday, 06/11/21 when the NCTY stock price touched $19.37 or saw a rise of 4.06%. Year-to-date, The9 Limited shares have moved 447.18%, while the 5-day performance has seen it change 47.30%. Over the past 30 days, the shares of The9 Limited (NASDAQ:NCTY) have changed 17.61%. Short interest in the company has seen 0.45 million shares shorted with days to cover at 0.38. Wall Street analysts have a consensus price target for the stock at $671.50, which means that the shares value could jump 97.12% from current levels. The projected low price target is $671.50 while the price target rests at a high of $671.50. In that case, then, we find that the current price level is -3366.7% off the targeted high while a plunge would see the stock gain -3366.7% from current levels. The9 Limited (NCTY) estimates and forecasts  The companys shares have gained 518.85% over the past 6 months. If we evaluate the companys growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 6.25% over the past 5 years. NCTY Dividends  The9 Limited is expected to release its next earnings report in July this year, and investors are excited at the prospect of better dividends despite the companys debt issue. 5 Stocks Under $10 That Are Poised to Take Off Investing in stocks under $10 could significantly increase the returns on your portfolio, especially if you pick the right stocks! Within this report you will find 5 top stocks that offer investors huge upside potential and the best bang for their buck. Investing in stocks under $10 could significantly increase the returns on your portfolio, especially if you pick the right stocks! Within this report you will find 5 top stocks that offer investors huge upside potential and the best bang for their buck. Add them to your watchlist before they take off! Get the Top 5 Stocks Now! Sponsored  The9 Limited (NASDAQ:NCTY)s Major holders  Insiders own 2.00% of the company shares, while shares held by institutions stand at 6.93% with a share float percentage of 7.07%. Investors are also buoyed by the number of investors in a company, with The9 Limited having a total of 23 institutions that hold shares in the company. The top two institutional holders are CVI Holdings, LLC with over 0.22 million shares worth more than $6.99 million. As of Mar 30, 2021, CVI Holdings, LLC held 1.48% of shares outstanding. The other major institutional holder is Hudson Bay Capital Management LP, with the holding of over 0.13 million shares as of Mar 30, 2021. The firms total holdings are worth over $4.09 million and represent 0.87% of shares outstanding. Also the top two Mutual Funds that are holding companys shares are Trust For Professional Managers-PMC Diversified Equity Fund and Fidelity NASDAQ Composite Index Fund. As of Mar 30, 2021, the former fund manager holds about 0.02% shares in the company for having 3545.0 shares of worth $0.11 million while later fund manager owns 3020.0 shares of worth $94224.0 as of Mar 30, 2021, which makes it owner of about 0.02% of companys outstanding stock.