The9 Limited: Investors Should Not Be Able To Justify The Share Price [Seeking Alpha]
The9 Limited - American Depository Shares (NCTY)
US:NASDAQ Investor Relations:
the9.com/en/stockinformation.html
Company Research
Source: Seeking Alpha
The9 Limited: Investors Should Not Be Able To Justify The Share Price Summary The9 Limited develops and operates proprietary online games, mobile games, and TV games. With the exception of Song of Knights, other games are still in process of development. This is very worrying. Certain investors may appreciate that the company is entering the blockchain industry. Investors may claim this fact to justify that the company trades at high valuation. The fact that the asset/liability ratio is below one is worrying. In addition, the amount of financial debt also is an issue. In a very recent annual general meeting, the company decided to increase the number of authorized shares from 250 million to 350 million. It opens the door to the sale of a larger amount of shares. Investors should not be able to justify how The9 Limited (NASDAQ: NCTY keep Source: 10-Q Business Headquartered in China, NCTY develops and operates proprietary online games, mobile games, and TV games. The image below provide
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NCTY
News
- The9 Limited (NASDAQ: NCTY) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- The9 Limited Achieved 66% Increase in Net Revenues and Turned Net Loss into Net Income for the Year Ended December 31, 2023 [Yahoo! Finance]Yahoo! Finance
- The9 Limited Achieved 66% Increase in Net Revenues and Turned Net Loss into Net Income for the Year Ended December 31, 2023PR Newswire
- A New Generation of Antidepressant Drug Precision Treatment Based on Revolutionary AI Technology is Born [Yahoo! Finance]Yahoo! Finance
- A New Generation of Antidepressant Drug Precision Treatment Based on Revolutionary AI Technology is BornPR Newswire
NCTY
Sec Filings
- 4/23/24 - Form 6-K
- 4/15/24 - Form 20-F
- 3/26/24 - Form 6-K
- NCTY's page on the SEC website