Alert: Major Price Advance (11/2/23)-The9 Ltd (NASDAQ: NCTY).


On 11/2/23, The9 Ltd (NASDAQ: NCTY) stock enjoyed a major increase of 17.0%, closing at $5.89. Relative to the market the stock has been extremely weak over the last nine months but has risen 9.9% during the last week.


Current PriceTarget Research Rating

Reflecting future returns on capital that are forecasted to be below the cost of capital, NCTY is expected to continue to be a modest Value Eraser.

The9 has a current Value Trend Rating of F (Lowest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. The9 has a poor Power Rating of 28 and a very low Appreciation Score of 2, leading to the Lowest Value Trend Rating.

Rating Review

In light of this very positive price change we are reviewing our current Overall Rating of F. This review will be completed in the next several days.

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