The9 Limited (NCTY) Stock: A Biotechnology Stock That’s Seeing Declines

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The9 Limited (NCTY) is falling in the market in today’s trading session. The company, focused on the biotech space, is currently trading at $[Price] after heading down [Change] so far in today’s session. As it relates to biotech companies, there are several factors that have the ability to cause price movement in the market. One of the most common is news. Here are the recent headlines associated with NCTY:

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Mar-05-19 03:00PM Four Tech Stocks Leading Tuesday’s Bull Charge
Dec-19-18 12:00AM The9 Limited Held Annual General Meeting on December 17, 2018
Nov-15-18 04:20AM The9 Limited to Hold Annual General Meeting on December 17, 2018
Oct-22-18 08:00AM Todays Research Reports on Stocks to Watch: Planet Green and The9 Limited
Oct-19-18 10:17AM Game Maker Pops 400%And It’s Not Because of Crypto This Time

However, any time investors are making a decision with regard to investing, prospective investors should focus on far more than news, this is especially the case in the generally speculative biotech sector. Here’s what’s happening in regard to The9 Limited.

Recent Moves From NCTY

While a move down on a single session, like the move that we’re seeing from The9 Limited might cause fear in some investors, a single session decline by itself shouldn’t be the basis of a decision to, or not to, invest in a stock. It’s always important to dig into trends for a period longer than a single session. In the case of NCTY, below are the returns that investors have experienced:

  • Past 7 Days – Throughout the last five trading sessions, NCTY has generated a change in price that amounts to [Perf Week].
  • Past Month – The return from The9 Limited in the past month comes to [Perf Month].
  • Past Quarter – Over the past three months, the stock has produced a return on investment of [Perf Quarter]
  • Past 6 Months – Throughout the past 6 months, investors have seen a performance that equates to [Perf Half Y] from the stock.
  • Year To Date – Since the the last trading session of last year NCTY has produced a return on investment of [Perf YTD].
  • Annually – Finally, over the past year, investors have seen performance of [Perf Year] from NCTY. Throughout this period of time, the stock has sold at a high of [52W High] and a low of [52W Low].

Notable Ratios

Looking at a few ratios having to do with a company can provide traders a view of just how risky and/or potentially profitable a pick may be. Below are some of the most important ratios to consider when digging into NCTY.

Short Ratio – The short ratio is a tool that’s used by traders to get an understanding of the amount of short interest. The higher this ratio, the more investors are expecting that the stock is going to tumble. Throughout the sector, biotech stocks can have a higher short ratio. However, we also tend to see quite a few short squeezes in the sector. Nonetheless, as it relates to The9 Limited, the stock’s short ratio amounts to [Short Ratio].

Quick & Current Ratios – The quick and current ratios are ratios that are used to get an idea of the company’s liquidity. Essentially, they measure If a company is able to pay for its debts as they mature based on current assets or quick assets. Because many biotech several companies rely heavily on continued support from investors, the current and quick ratios can look damning. However, several good picks in the biotech industry do have good current and quick ratios. In terms of NCTY, the quick and current ratios work out to [Quick Ratio] and [Current Ratio] respectively.  

Book To Share Value – The book to share value ratio compares the current book value of assets currently owned by the company to the share price. In this particular case, that ratio is [Book/sh].

Cash To Share Value – The cash to share value ratio compares the total amount of cash the company has on hand to the value of the company’s stock. Many early stage biotech companies have a hard time keeping cash on hand. So, when investing in the biotech space, this is an important ratio to look into. When it comes to NCTY, the cash to share value is [Cash/sh].

Analyst Opinions With Regard To The9 Limited

While it’s not a good idea to avoid doing your due diligence and blindly following the thoughts of analysts, it is a smart idea to use their opinions when validating your own due diligence when it comes to making an investment decision in the biotech sector. Below you’ll find the most recent moves that we have seen from analysts with regard to NCTY.

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Nov-13-09 Downgrade JP Morgan Overweight → Neutral
Jun-18-09 Downgrade Oppenheimer Outperform → Perform
Apr-16-09 Reiterated Roth Capital Hold $17 → $11
Jan-27-09 Reiterated ThinkEquity Buy $16 → $20
Jan-27-09 Initiated Sterne Agee Hold $16

Show Me The Big Money

An interesting fact I have learned in my brief time here has been that smart money tends to follow big money investors. So, investors that are trying to play it relatively safe will follow trades made by institutions as well as insiders of the company. With that said, what does the big money picture look like as it relates to NCTY? Here’s the data:

Institutions own [Inst Own] of the company. Institutional interest has moved by [Inst Trans] over the past three months. When it comes to insiders, those who are close to the company currently own [Insider Own] percent of NCTY shares. Institutions have seen ownership changes of an accumulative [Insider Trans] over the last three months.

What You Need To Know About Share Counts

Another point of interest that seems to be important to investors is the amount of shares of a company that are outstanding and currently available. At the moment, there are [Shs Outstand] shares of The9 Limited outstanding. Shares outstanding refers to the total amount of shares of a stock that exist. As far as the float goes, or the amount of shares that are actually available on the retail market, NCTY has a float of [Shs Float].

I also like to follow the short percentage of the float. After all, when a high portion of the float available for trading is shorted, the overall feeling among traders is that the stock is going to fall hard. As far as it relates to NCTY, the percentage of the float that is shorted is [Short Float]. Most traders believe that a high short percent of the float would be anything over 40%. In my research, I have calculated that a short ratio over 26% is generally a a play that could prove to be very risky.

Earnings

What have ween seen from NCTY in terms of financial results?Here’s what we’ve seen and what’s coming:

  • Analyst Expectations – Currently, analysts are expecting that NCTY will generate earnings per diluted share in the amount of [EPS next Y], with [EPS next Q] to be reported in the earnings announcement for the current quarter. Although this information isn’t tide to earnings, because we are talking on the topic of Wall St. analysts, the stock is currently rated a [Recom] on a scale from 1 to 5 where 1 is the poorest Wall Street analyst rating and 5 is the best possible.
  • 5-Year Sales – Throughout the past half decade, The9 Limited has reported a change in sales that works out to [Sales past 5Y]. EPS in the period have generated a change of [EPS past 5Y].
  • Quarter Over Quarter – when it comes to quarter over quarter earnings data, or Q/Q data as it is often explained in today’s society, NCTY has experienced a change in earnings that amounts to [EPS Q/Q]. NCTY has also seen movement in terms of revenue in the amount of [Sales Q/Q].

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