The9 Ltd (NASDAQ: NCTY) stock closed at $9.50 on 12/20/23 after a major increase of 22.0%. Moreover, exceptionally high trading volume at 649% of normal accompanied the advance. The stock has been weak relative to the market over the last nine months but has risen 41.8% during the last week.
Current PriceTarget Research Rating
NCTY is expected to continue to be a modest Value Eraser reflecting capital returns that are forecasted to fall short of the cost of capital.
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 complementary signals. The9 has a slightly negative Power Rating of 33 and a very low Appreciation Score of 1, resulting in 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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