|Bid||2.2200 x 800|
|Ask||2.2300 x 1100|
|Day's Range||2.0200 - 3.8100|
|52 Week Range||0.7800 - 8.1300|
|Beta (3Y Monthly)||2.09|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||3.50|
Electric vehicle startup Faraday Future, which has been on life support forthe past couple of years, has received a surprise cash injection from a mobilegaming company called The9 Limited
The9 will be a 50% partner in the joint venture with control over business operations. The joint venture will serve the China market with manufacturing, marketing, distribution and sale of Faraday Future's new brand V9 model, a flagship luxury EV based on the technology and design concepts of the FF 91 EV, Faraday&Future's flagship consumer car model, and other potential selected car models. The expected annual production capacity of the joint venture is 300,000 cars, and the first pre-production car is expected to roll off the production line in 2020.
U.S. equities are holding near major technical support levels -- the 2,800 mark on the S&P 500 and 26,000 on the Dow Jones Industrial Average -- as traders digest the latest Federal Reserve policy decision. Chairman Jerome Powell delivered a dovish message, which the Street had expected given the fresh memory of Q4 market volatility, a lack of inflation pressure, and recent softness in the economic data (aside from job gains).Weighing on sentiment slightly was a disappointing earnings report and outlook from FedEx (NYSE:FDX), which called attention to weaker global trade growth trends.Still, stocks overall are showing a desire to move higher with value hunters eager swooping in on any names that have lagged the epic surge out of the late December lows. There are still bargains if you know where to look. Energy, for instance, is benefiting from fresh strength in crude oil.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Stocks on the Rise Heading Into the Second Quarter Here are seven stocks trading under the $4-a-share threshold that are worth a look: Cheap Stocks to Buy: Weatherford (WFT)Weatherford (NYSE:WFT) shares continue to consolidate below the $1-a-share level but are riding on the back of a rising 50-day moving average. Watch for a breakout from its five-month trading range, setting up a run at the 200-day moving average that would be worth a gain of 132% from here.The move comes despite a downgrade from analysts at BMO Capital Markets in January. The company, based in Switzerland, is an oilfield service company that supports the drilling, evaluation, completion, and production of oil and gas wells. The company is trying to return to profitability, and trades at just a 0.14 price to sales ratio. Northern Oil and Gas (NOG)Shares of Northern Oil and Gas (NYSEAMERICAN:NOG), an independent energy producer, are looking ready for another breakout attempt from its five-month consolidation range, making another challenge on its 200-day moving average. Watch for a run to the November reaction high, which would be worth a gain of 23% from here.The company last reported results on March 12. Earnings of 25 cents per share beat estimates of 14 cents on revenues of $152.6 million vs. the $153.6 million that was expected. * 5 Cloud Stocks to Help Your Portfolio Fly Management noted an expectation for capital expenditures to be upwards of $285 million in 2019. Groupon (GRPN)Shares of Groupon (NASDAQ:GRPN) are continuing to rise alongside their 50-day moving average, continuing a three-month uptrend. The 200-day moving average has been a hurdle since the stock peaked last summer, so watch for another run to prior resistance near the $4-a-share level. Management has been focusing on higher-value customers and being more efficient with its marketing spend.The company will next report results on May 8 after the close. Analysts are looking for no earnings on revenues of $552.8 million. When the company last reported on Feb. 12, earnings of 10 cents per share missed estimates by three cents on an 8.4% decline in revenues. Chesapeake Energy (CHK)Shares of Chesapeake Energy (NYSE:CHK) are extending a three-month uptrend pattern as it closes in on its 200-day moving average. Watch for a run to the 200-day moving average, which would be worth an easy 10% gain from here. That should be helped by energy prices broadly pushing higher heading into the summer driving season -- benefiting U.S. shale operators like CHK. In January, Imperial Capital analysts noted management continues to focus on capital discipline and improving its balance sheet.The company will next report results on May 1 before the bell, according to Nasdaq.com. Analysts are looking for earnings of 12 cents per share on revenues of $2.3 billion. * Top 7 Service Sector Stocks That Will Pay You to Own Them When the company last reported on Feb. 27, earnings of 21 cents per share beat estimates by four cents on a 21.8% rise in revenues. The9 Ltd. (NCTY)The9 Ltd. (NASDAQ:NCTY) is a Chinese online game developer in China, creating online and massively multiplayer franchises. It was formerly known as GameNow.net and has been around since 1999. Properties include the CrossFire brand mobile shooting games and FireFall.This is an extremely speculative pick, but has been benefiting from the rising interest in Chinese equities on hopes of a trade deal between Washington and Beijing. The company has also pushed into the blockchain space, forming a technology group to explore opportunities in that area. Nabors Industries (NBR)Shares of Nabors Industries (NYSE:NBR) continue to enjoy a smooth, three-month uptrend after suffering a massive 90% decline from its early 2017 high. Watch for shares of the company to make a run at its 200-day moving average, which would be worth a gain of 35% from here. The company provides drilling and drilling-related services to land-based and offshore energy wells.The company will next report results on April 30 after the close. Analysts are looking for a loss of 25 cents per share on revenues of $776.3 million. * 7 Small-Cap Stocks That Make the Grade When the company last reported on Feb. 26, a loss of 55 cents per share missed estimates by 38 cents on a 10.4% rise in revenues. But this cheap stock could be ready to rebound. Clean Energy Fuels (CLNE)Shares of Clean Energy Fuels (NASDAQ:CLNE), operator of natural gas stations for alternative-fuel vehicle fleets such as heavy-duty trucks and buses, are surging higher nearly doubling off of the low seen in late December. This returns the stock to the middle of the trading range that has been in place over the past three years -- providing a solid base of support to any extension to the upside.On March 12, the company reported that quarterly revenues grew 7.7% from the year prior on a 14.2% rise in the amount of natural gas delivered. While electric vehicles get all the attention these days, natural gas vehicles are often a cheaper and easier solution especially for long-haul operators.As of this writing, William Roth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Specialty Retail ETFs to Buy the Industry's Disruption * 5 Stocks To Buy for the Happiest Employees * 3 Out-of-Favor Consumer Stocks to Buy Compare Brokers The post 7 Hot Stocks Under $4 appeared first on InvestorPlace.
CORAL GABLES, FL/ ACCESSWIRE / March 5, 2019 / The tech stock market's success is predicated on the notion that, as society progresses into the future and is subsequently met with the challenges that may present themselves, tech companies will meet the demands of consumers. Perhaps the only hindering factor to the success of the industry is if tech companies lose sight of the consumer and abandon their customer-centric foci in place of something more trivial. Premier Health Group (OTC:PHGRF) (CSE:PHGI), Fang Holdings Limited (SFUN), The9Limited (NCTY), and Riot Blockchain Inc (RIOT) are 4 tech companies determined to advance their industry into the future.
SHANGHAI, Dec. 19, 2018 /PRNewswire/ -- The9 Limited (the "Company") (Nasdaq: NCTY), an established Internet company, today announced that it held its annual general meeting of shareholders in Hong Kong on December 17, 2018, Hong Kong time.
SHANGHAI, Nov. 15, 2018 /PRNewswire/ -- The9 Limited (NCTY) (the "Company"), an established Internet company, today announced that it will hold its annual general meeting of shareholders at the BNY Mellon Office, Room No. 4, 25/F Three Pacific Place, 1 Queen's Road East, Hong Kong on December 17, 2018 at 2:00 p.m., Hong Kong time. The Board of Directors of the Company has fixed the close of business on November 15, 2018 as the record date (the "Record Date") for determining the shareholders entitled to receive notice of the annual general meeting or any adjournment or postponement thereof. Holders of record of the Company's ordinary shares at the close of business on the Record Date are entitled to attend and to vote at the annual general meeting and any adjournment or postponement thereof in person.
NEW YORK, NY / ACCESSWIRE / October 22, 2018 / Shares of Chinese stocks Planet Green Holdings Corp. and The9 Limited were up substantially in Friday’s trading session. Planet Green closed a previously ...
SHANGHAI, Oct. 9, 2018 /PRNewswire/ -- The9 Limited (NCTY) ("The9" or the "Company"), an established Internet company, today announced that it has obtained approval from The Nasdaq Stock Market, Inc. ("Nasdaq") to transfer its listing venue from Nasdaq Global Market to Nasdaq Capital Market. The Company's ADSs will continue to trade under the symbol of "NCTY" on Nasdaq Capital Market. On October 3, 2018, the Company received a letter from the Listing Qualifications Department of Nasdaq, pursuant to which Nasdaq informed the Company that due to the Company's failure to regain compliance with the continued listing requirement of US$50 million minimum Market Value of Listed Securities ("MVLS") for the Nasdaq Global Market as set in the Nasdaq Listing Rule 5450(b)(2)(A), the Company's ADSs will be delisted from the Nasdaq Global Market unless measures are taken prior to a certain timeline.
NEW YORK, NY / ACCESSWIRE / September 5, 2018 / Traders News Source, a leading independent equity research and corporate access firm focused on small and mid-cap public companies is issuing a comprehensive ...
HONG KONG , Sept. 5, 2018 /PRNewswire/ -- The9 Limited (Nasdaq: NCTY) (the "Company" or "The9"), an established Internet company, today announced that it has signed a definitive agreement ...
SHANGHAI , Sept. 4, 2018 /PRNewswire/ -- The9 Limited (Nasdaq: NCTY) ("The9"), an established Internet company, today announced that the Chairman and CEO Mr. Jun Zhu has entered into a share ...
Sept 3 (Reuters) - The9 Ltd: * THE9 LTD HAS SIGNED AGREEMENT WITH LEADING CHOICE HOLDINGS LIMITED, AND ITS SHAREHOLDER FOR ISSUANCE AND SALE OF 21 MILLION ORDINARY SHARES OF CO * THE9 LTD SAYS ISSUANCE ...
SHANGHAI, July 17, 2018 /PRNewswire/ -- The9 Limited (NCTY) ("The9" or the "Company"), an established Internet company, today announced that it received a notification letter from the Listing Qualifications Department of The Nasdaq Stock Market, Inc. ("Nasdaq") dated July 16, 2018 indicating that the Company no longer meets the continued listing requirement of minimum Market Value of Publicly Held Shares ("MVPHS") for the Nasdaq Global Market, as set forth in the Nasdaq Listing Rule 5450(b)(2)(C) because the market value of the Company's publicly held American depositary shares ("ADSs"), each representing three ordinary shares of the Company, for the last 30 consecutive business days was below the minimum MVPHS requirement of US$15,000,000. Pursuant to Rule 5810(c)(3)(D) of the Nasdaq Listing Rules, the Company has a compliance period of 180 calendar days, or until January 14, 2019 (the "Compliance Period"), to regain compliance with Nasdaq's minimum MVPHS requirement.
SHANGHAI , June 11, 2018 /PRNewswire/ -- The9 Limited ("The9") (Nasdaq: NCTY), an established Internet company, today announced that it received a notification letter from the Nasdaq Stock Market ...
For today, WallStEquities.com takes a close look at the recent performance of Zynga Inc. (NASDAQ: ZNGA), Take-Two Interactive Software Inc. (NASDAQ: TTWO), TrueCar Inc. (NASDAQ: TRUE), and The9 Ltd (NASDAQ: NCTY). Last Friday, shares in San Francisco, California headquartered Zynga Inc. ended the session 0.76% higher at $3.96. The stock recorded a trading volume of 8.84 million shares.
SHANGHAI, May 10, 2018 /PRNewswire/ -- The9 Limited (NCTY) (the "Company" or "The9"), an established Internet company, today announced that it has entered into a term sheet with Plutux Limited, a company incorporated in Gibraltar ("Plutux"), and a shareholder of Plutux ("Participating Shareholder") for the issuance and sale of 12,500,000 ordinary shares of the Company, par value of US$0.01, to the Participating Shareholder at US$1.2 per ordinary share (which equals to US$3.6 per American Depositary Share), in exchange for a minority equity interest in Plutux as consideration (the "Transaction"). The9 expects that this Transaction with Plutux will create synergies between The9's blockchain-related services business and Plutux's cryptocurrency exchange business.
SHANGHAI, May 8, 2018 /PRNewswire/ -- The9 Limited (NCTY) ("The9" or the "Company"), an established Internet company, today announced that it will change the ratio of its American Depositary Share ("ADS") to ordinary shares from one (1) ADS representing one (1) ordinary share to one (1) ADS representing three (3) ordinary shares, effective May 9, 2018. For The9's ADS holders, the change in the ADS ratio will have the same effect as a one-for-three reverse ADS split. Effective May 9, 2018, ADS holders of The9 will be required on a mandatory basis to surrender their old ADS to the depositary bank for cancellation at the rate of three (3) old ADSs for one (1) new ADS.
SHANGHAI, April 30, 2018 /PRNewswire/ -- The9 Limited (NCTY) ("The9" or the "Company"), an established Internet company, announced today that it has established a wholly-owned subsidiary to scale up the blockchain technology-based service business. With the continuous growth of the business, the Company intends to continue to expand that subsidiary, recruit blockchain talents, and provide blockchain technology-based services to worldwide companies. The Company believes that this business will further strengthen The9's efforts to enter into the blockchain consulting business, and to provide one-stop full-range blockchain project planning, technology development, digital asset offshore offering and investing and financing services to enterprises all over the world.
SHANGHAI , April 27, 2018 /PRNewswire/ -- The9 Limited (the "Company") hereby announces its unaudited consolidated statement of income for the six months ended December 31, 2017 and its unaudited ...
SHANGHAI , April 27, 2018 /PRNewswire/ -- The9 Limited (Nasdaq: NCTY) ("The9" or the "Company"), an established Internet company, today announced that it filed its annual report on ...