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NCTY logo NCTY
Upturn stock ratingUpturn stock rating
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The9 Ltd ADR (NCTY)

Upturn stock ratingUpturn stock rating
$7.78
Last Close (24-hour delay)
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PASS
  • BUY Advisory
  • SELL Advisory (Profit)​
  • SELL Advisory (Loss)​
  • Profit
  • Loss
  • Pass (Skip investing)
Upturn Stock infoUpturn Stock info Stock price based on last close
*as per simulation
(see disclosures)
Time period over
  • ALL
  • YEAR
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Upturn Advisory Summary

06/30/2025: NCTY (1-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

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Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Number of Analysts

rating

0 Analysts rated it

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Year Target Price $0

Year Target Price $0

Analyst’s Price TargetsFor last 52 week
$0Target price
Low$5.75
Current$7.78
high$20.59

Analysis of Past Performance

Type Stock
Historic Profit 4.13%
Avg. Invested days 37
Today’s Advisory PASS
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 2.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 06/30/2025

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 107.44M USD
Price to earnings Ratio -
1Y Target Price 3.5
Price to earnings Ratio -
1Y Target Price 3.5
Volume (30-day avg) -
Beta 1.82
52 Weeks Range 5.75 - 20.59
Updated Date 06/29/2025
52 Weeks Range 5.75 - 20.59
Updated Date 06/29/2025
Dividends yield (FY) -
Basic EPS (TTM) -2.09

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin -65.73%
Operating Margin (TTM) 7.04%

Management Effectiveness

Return on Assets (TTM) -6.43%
Return on Equity (TTM) -29.1%

Valuation

Trailing PE -
Forward PE -
Enterprise Value 125211026
Price to Sales(TTM) 0.96
Enterprise Value 125211026
Price to Sales(TTM) 0.96
Enterprise Value to Revenue 8.03
Enterprise Value to EBITDA 38.74
Shares Outstanding 13850400
Shares Floating 843236674
Shares Outstanding 13850400
Shares Floating 843236674
Percent Insiders 6.36
Percent Institutions 2.53

Analyst Ratings

Rating -
Target Price -
Buy -
Strong Buy -
Buy -
Strong Buy -
Hold -
Sell -
Strong Sell -
Strong Sell -

ai summary icon Upturn AI SWOT

The9 Ltd ADR

stock logo

Company Overview

overview logo History and Background

The9 Limited was founded in 1999 and is based in Shanghai, China. Initially, it focused on online game operation and development. It gained prominence by operating popular games like 'World of Warcraft' in China under license from Blizzard Entertainment. Over time, the company has diversified into other areas, including blockchain technology and cryptocurrency mining.

business area logo Core Business Areas

  • Blockchain and Cryptocurrency: The9 has transitioned to focus on blockchain technology, including cryptocurrency mining (Bitcoin and Filecoin) and related activities. They invest in blockchain projects and develop related technologies.
  • Game Development and Licensing: While significantly reduced, The9 still retains some presence in game development and licensing, though not as prominent as its historical focus.

leadership logo Leadership and Structure

The leadership structure is not readily available in detail without accessing specific investor relations documents. Generally, a board of directors oversees management, led by a CEO who executes strategy. Specific names and roles change over time and require real-time data sources.

Top Products and Market Share

overview logo Key Offerings

  • Bitcoin Mining: The9 engages in Bitcoin mining using purchased and deployed mining equipment. Market share data is difficult to pinpoint precisely, given the fragmented global Bitcoin mining landscape. Revenue depends on Bitcoin prices and mining efficiency. Competitors include Marathon Digital Holdings (MARA), Riot Platforms (RIOT), and CleanSpark (CLSK).
  • Filecoin Mining: The9 also mines Filecoin, a decentralized storage network. Market share data is not readily available, and revenue depends on Filecoin prices and mining efficiency. Competitors include other Filecoin mining farms and storage providers in the decentralized storage space.

Market Dynamics

industry overview logo Industry Overview

The blockchain and cryptocurrency industry is highly volatile and competitive, characterized by fluctuating cryptocurrency prices, evolving regulatory landscapes, and technological advancements. The industry is also expanding into areas such as NFTs, DeFi, and Web3.

Positioning

The9 positions itself as a player in the blockchain and cryptocurrency space, focusing on mining and related investments. It faces competition from established mining companies and technology firms. Their positioning involves leveraging strategic partnerships to enhance their capabilities.

Total Addressable Market (TAM)

The TAM for the blockchain and cryptocurrency market is vast and evolving. Estimates vary widely, but projections reach trillions of dollars in the coming years. The9's positioning relates to capitalizing on the infrastructure and mining aspects within this TAM.

Upturn SWOT Analysis

Strengths

  • Diversification into blockchain and cryptocurrency
  • Established presence in the Chinese market
  • Strategic partnerships in the blockchain space
  • Experience in operating technology-based businesses

Weaknesses

  • High dependence on volatile cryptocurrency prices
  • Limited financial resources compared to larger competitors
  • Regulatory risks associated with cryptocurrency in China and globally
  • Uncertainty around long-term viability in the blockchain sector

Opportunities

  • Growing adoption of blockchain technology
  • Expansion into new cryptocurrency mining operations
  • Development of innovative blockchain applications
  • Potential for strategic acquisitions or partnerships

Threats

  • Increased competition in the cryptocurrency mining sector
  • Stringent regulatory policies on cryptocurrency
  • Fluctuations in cryptocurrency prices
  • Technological advancements that could render existing mining equipment obsolete

Competitors and Market Share

competitor logo Key Competitors

  • MARA
  • RIOT
  • CLSK

Competitive Landscape

The9 faces disadvantages compared to larger, better-funded competitors in the cryptocurrency mining space. Its advantages include its experience in technology operations and its presence in the Chinese market (though regulatory issues are a concern).

Growth Trajectory and Initiatives

Historical Growth: Historical growth has been inconsistent due to the shift from gaming to blockchain and the inherent volatility of cryptocurrency markets.

Future Projections: Future projections are speculative and depend heavily on the cryptocurrency market, regulatory changes, and the company's ability to execute its blockchain strategy. Analyst estimates are generally not reliable given the unpredictable nature of the sector.

Recent Initiatives: Recent initiatives include expanding cryptocurrency mining operations, investing in blockchain projects, and exploring potential applications of blockchain technology.

Summary

The9 Ltd ADR is a risky investment due to its concentration in the volatile cryptocurrency market. Its shift from gaming to blockchain is a high-stakes gamble. The company's success hinges on its ability to effectively mine cryptocurrencies and navigate regulatory challenges, presenting significant risk.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • SEC filings
  • Company website
  • Industry reports (e.g., from CoinDesk, CoinMarketCap)

Disclaimers:

This analysis is based on publicly available information and is for informational purposes only. It does not constitute financial advice. Cryptocurrency investments are highly speculative and carry significant risk. Market share estimates are approximate and may vary based on different sources.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About The9 Ltd ADR

Exchange NASDAQ
Headquaters -
IPO Launch date 2004-12-15
Co-Founder, Chairman & CEO Mr. Jun Zhu
Sector Financial Services
Industry Capital Markets
Full time employees 50
Full time employees 50

The9 Limited operates as a cryptocurrency mining company in China, Eastern Europe, Asia, and North America. The company provides IT with technical services for the operation of computer software and related businesses, including the provision of systematic solutions for the operation of internet websites, the rental of computer and internet facilities, daily maintenance of internet servers and databases, the development and update of computer software, and other related technical and consulting services. It also develops and operates mobile and computer games, as well as publishes and services MIR M, an online game. The company was incorporated in 1999 and is headquartered in Shanghai, the People's Republic of China.