The9 Ltd (NASDAQ: NCTY) stock closed at $6.52 on 11/17/23 after a major decline of -10.2%. The stock has been weak relative to the market over the last nine months and has declined -13.9% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to fall short of 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). The Value Trend Rating reflects complementary signals from PTR’s two proprietary measures of a stock’s attractiveness. The9 has a slightly negative Power Rating of 32 and a very low Appreciation Score of 1, resulting in the Lowest Value Trend Rating.
Rating Review
In light of this highly negative 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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