Stock FAQs

why is ncty stock dropping

by Dora Conroy Published 3 years ago Updated 2 years ago
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The9's stock was trading at $6.3870 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, NCTY shares have decreased by 70.6% and is now trading at $1.88. View which stocks have been most impacted by COVID-19.

Full Answer

Who owns NCTY stock?

 · As of last check, The9 Limited ( NCTY )’s shares were trading at $17.90, down -2.29% in premarket session. The9 stock closed Wednesday’s session at $18.32, down -1.51%. NCTY stock volume stayed at 1.82 million shares, which was lower than the average daily volume of 2.79 million shares in the past 50 days. After announcing a custody account ...

Is NCTY doing real mining business?

 · The The9 Limited stock price fell by -11.74% on the last day (Friday, 6th May 2022) from $2.13 to $1.88. and has now fallen 3 days in a row. During the day the stock fluctuated 14.75% from a day low at $1.83 to a day high of $2.10. The price has fallen in 6 of the last 10 days and is down by -27.13% for this period.

Is sqqq inversely correlated to NCTY?

 · The9's stock was trading at $6.3870 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, NCTY shares have decreased by 70.6% and is now trading at $1.88. View which stocks have been most impacted by COVID-19. Are investors shorting The9?

Will The9 (NCTY) outperform or underperform the S&P 500 over the long term?

In last trading session, The9 Limited (NASDAQ:NCTY) saw 0.82 million shares changing hands with its beta currently measuring 1.33. Company’s recent per share price level of $8.32 trading at -$0.62 or -6.94% at ring of the bell on the day assigns it a market valuation of $149.51M. That closing price of NCTY’s stock is at …

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Is Ncty a good stock to buy?

NCTY scores best on the Value dimension, with a Value rank ahead of 65.32% of US stocks. The strongest trend for NCTY is in Quality, which has been heading down over the past 177 days. NCTY's current lowest rank is in the Stability metric (where it is better than 1.69% of US stocks).

Will Ncty go up?

The9 Ltd (NASDAQ:NCTY) The 1 analysts offering 12-month price forecasts for The9 Ltd have a median target of 100.72, with a high estimate of 100.72 and a low estimate of 100.72. The median estimate represents a +5,344.57% increase from the last price of 1.85.

Is Ncty being shorted?

Stock - Short Squeeze, Short Sale Volume, Borrow Rates, Fails-To-Deliver....Sign Up for a Forever Free Fintel Account.Short Interestshares - source: NASDAQShort Interest % Float4.34% - source: NASDAQ (short interest), Capital IQ (float)3 more rows

Is The9 a good stock?

Is The9 Limited stock A Buy? The9 Limited holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Why is Ncty going up?

Shares of The9 Limited (NCTY -11.74%) soared on Tuesday after the company announced the purchase of equipment for mining a cryptocurrency called Filecoin. It's the second big mining announcement the company has made this year, and investors appear to like this new direction for the company.

Will THE9 disband?

THE9 was formed on May 30, 2020, and officially debuted on August 10, 2020. It was managed by Idol Youth Entertainment of iQIYI. The group was supposed to disband on November 30, 2021, but they disbanded on December 5, 2021....THE9Also known as无限少女OriginChinaGenresC-pop MandopopYears active2020–20214 more rows

How has The9's stock been impacted by Coronavirus?

The9's stock was trading at $6.3870 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO)....

Are investors shorting The9?

The9 saw a decline in short interest during the month of February. As of February 28th, there was short interest totaling 789,400 shares, a decline...

When is The9's next earnings date?

The9 is scheduled to release its next quarterly earnings announcement on Monday, April 4th 2022. View our earnings forecast for The9 .

When did The9's stock split? How did The9's stock split work?

The9's stock reverse split on Monday, October 19th 2020. The 1-10 reverse split was announced on Tuesday, October 13th 2020. The number of shares o...

Who are The9's key executives?

The9's management team includes the following people: Jun Zhu , Chairman & Chief Executive Officer Guo Ding Shen , President Kwok Ho Lai , Chie...

Who are some of The9's key competitors?

Some companies that are related to The9 include Emerald (EEX) , ICTS International (ICTSF) , PFSweb (PFSW) , Points International (PCOM) , com...

What other stocks do shareholders of The9 own?

Based on aggregate information from My MarketBeat watchlists, some companies that other The9 investors own include Amarin (AMRN) , Gevo (GEVO) ,...

What is The9's stock symbol?

The9 trades on the NASDAQ under the ticker symbol "NCTY."

Who are The9's major shareholders?

The9's stock is owned by a variety of retail and institutional investors. Top institutional investors include State Street Corp (2.92%), Susquehann...

How much did The9 stock fall in 2021?

The The9 Limited stock price fell by -0.43% on the last day (Friday, 9th Jul 2021) from $11.61 to $11.56. and has now fallen 4 days in a row. During the day the stock fluctuated 6.48% from a day low at $11.27 to a day high of $12.00. The price has fallen in 7 of the last 10 days and is down by -16.83% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -513 thousand shares and in total, 742 thousand shares were bought and sold for approximately $8.58 million.

Is The9 Limited a negative stock?

The9 Limited holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Is The9 Limited a buy or sell signal?

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The The9 Limited stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $10.82 and $11.27. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, November 15, 2021, and so far it has fallen -24.28%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Who sold NCTY stock?

NCTY stock was sold by a variety of institutional investors in the last quarter, including Morgan Stanley, Citigroup Inc., and Wolverine Trading LLC.

How much of The9 stock is owned by insiders?

30.80% of the stock of The9 is held by insiders. A high percentage of insider ownership can be a sign of company health.

When is the 1-10 split?

The 1-10 reverse split was announced on Tuesday, October 13th 2020. The number of shares owned by shareholders was adjusted after the closing bell on Friday, October 16th 2020. An investor that had 100 shares of The9 stock prior to the reverse split would have 10 shares after the split.

Is there enough data for The9?

There is not enough analysis data for The9.

Does The9 pay dividends?

The9 does not currently pay a dividend.

What tickers are mentioned in NCTY?

EARN and PTE are the most mentioned tickers in articles about NCTY.

Why did the 9 stock price spike?

The9 stock price spike is attributed to news that the company is now set to venture into the NFT market through its subsidiary NFTSTAR.

Is The9 a nonfungible token?

The9 Limited (Nasdaq: NCTY) ("The9"), an established Internet company, today announced that it has formally stepped into the Non-Fungible Token (" NFT") business. NFTSTAR Singapore Pte. Ltd., a Singapore wholly owned subsidiary of The9 Limited, will launch a NFT trading and community platform NFTSTAR (www.nftstar.com), which is expected to be officially launched in the fourth quarter of this year, while user pre-registration incentive program is now starting.

Is Hatten Land a cryptocurrency?

PETALING JAYA: Singapore-listed Hatten Land Limited today announced a partnership to operate Hatten Lands energy-efficient green cryptocurrency mining in Malacca that will soon be enabled by solar panels installed on rooftops of retail malls it owns or manages, as it pivots towards an environmental-friendly digital economy. SGX-Catalist Hatten Land wholly owned subsidiary Hatten Technology (S) Pte Ltd (Hatten Tech) has signed a MoU with SGX Mainboard-listed Singapore Myanmar Investco Limited (SMI) to jointly explore business opportunities in cryptocurrency mining activities. SMI recently partnered Nasdaq-listed The9 Limited to procure up to 4,000 sets of crypto mining rigs. Both parties will leverage on Hatten Lands space, infrastructure, and comparatively lower energy costs to carry ou...

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NCTY POWR Grades

Value is the dimension where NCTY ranks best; there it ranks ahead of 55.21% of US stocks.

NCTY Stock Summary

With a price/earnings ratio of 0.85, The9 LTD P/E ratio is greater than that of about merely 0.11% of stocks in our set with positive earnings.

Latest NCTY News From Around the Web

Below are the latest news stories about The9 LTD that investors may wish to consider to help them evaluate NCTY as an investment opportunity.

How much BTC would knock 40 mil off cap?

knocking 40 mil off our cap for a 10k BTC drop would imply we have 4000 BTC...we're probly about 2k short of that but that would mean the value of our @ $150m cash, $120m in miners, 5 power plant leases and unkn amount in china, NFT business and gaming interests is um..about negative 20 million

Is BTBT plummeting?

BTBT is plummeting for >18% in the morning , now punters are switching over to NCTY, so be aware of the price spike coming.

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