Overall market sentiment has been neutral on The9 Limited (NCTY) stock lately. NCTY receives a Neutral rating from InvestorsObserver Stock Sentiment Indicator.
The9 Limited has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on NCTY!
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.
Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.
InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.
Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.
What's Happening With NCTY Stock Today?
The9 Limited (NCTY) stock has gained 12.81% while the S&P 500 is lower by -0.09% as of 10:07 AM on Wednesday, Jul 28. NCTY has risen $1.34 from the previous closing price of $10.42 on volume of 1,108,175 shares. Over the past year the S&P 500 has gained 35.76% while NCTY has risen 63.33%. NCTY earned $11.17 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 1.05.
To see InvestorsObserver's Sentiment Score for The9 Limited click here.
More About The9 Limited
The9 Ltd is engaged in developing and operating online games and related services in China. It operates and develops proprietary and licensed online games, proprietary mobile games, including CrossFire New Mobile Game and Audition. It generates online game service revenues primarily through an item-based revenue model, under which players play games for free, but are charged for in-game items, such as performance-enhancing items, clothing, and accessories. Geographically, it has a presence in Greater China (including PRC, Taiwan, Hong Kong and Macau) and other areas.
Click Here to get the full Stock Report for The9 Limited stock.
Share this article:
Stay In The Know
Subscribe to our daily morning update newsletter and never miss out on the need-to-know market news, movements, and more.
Thank you for signing up! You're all set to receive the Morning Update newsletter
