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NCTY logo NCTY
Upturn stock rating
NCTY logo

The9 Ltd ADR (NCTY)

Upturn stock rating
$8.52
Last Close (24-hour delay)
Profit since last BUY-12.67%
upturn advisory
SELL
SELL since 2 days
  • BUY Advisory
  • SELL Advisory (Profit)​
  • SELL Advisory (Loss)​
  • Profit
  • Loss
  • Pass (Skip investing)
Upturn 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

10/17/2025: NCTY (1-star) is a SELL. SELL since 2 days. Simulated Profits (-12.67%). Updated daily EoD!

Upturn Star Rating

rating

Not Recommended Performance

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

Analysis of Past Performance

Type Stock
Historic Profit 4.1%
Avg. Invested days 40
Today’s Advisory SELL
Upturn Star Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance 2.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulation Last Close 10/17/2025

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

ai summary icon Upturn AI SWOT

The9 Ltd ADR

stock logo

Company Overview

overview logo History and Background

The9 Limited, founded in 1999, initially gained prominence by operating online games in China, including 'World of Warcraft'. Over time, it has diversified its business into areas like blockchain technology, NFT, and electric vehicle manufacturing.

business area logo Core Business Areas

  • Blockchain and Cryptocurrency: Focuses on cryptocurrency mining and related blockchain technologies, including hosting and development.
  • NFT: Exploring and investing in NFT-related opportunities.
  • Electric Vehicle (EV): The company is heavily invested in the research, development, manufacturing, and sale of electric vehicles.

leadership logo Leadership and Structure

The leadership team consists of key executives in finance, technology, and operations, reporting to the CEO. The organizational structure includes departments for gaming, blockchain, and EV, with independent teams for each segment.

Top Products and Market Share

overview logo Key Offerings

  • Cryptocurrency Mining: Involves hosting and managing cryptocurrency mining operations. Revenue from cryptocurrency mining is a core part of the business strategy, but market share data is highly variable and depends on mining efficiency, electricity cost, and cryptocurrency prices. Key competitors are Marathon Digital Holdings (MARA) and Riot Platforms (RIOT).
  • Electric Vehicles: Focuses on research, development, manufacturing, and sale of electric vehicles. The company is still in the early stages of development with no significant market share yet. Competitors include Tesla (TSLA) and NIO (NIO).
  • NFTs: Company is involved in exploring and investing in NFT-related opportunities with no significant market share yet. Competitors include OpenSea and Magic Eden.

Market Dynamics

industry overview logo Industry Overview

The blockchain and cryptocurrency industry is rapidly growing but volatile, driven by increasing adoption and technological advancements. The electric vehicle market is also experiencing rapid expansion due to growing environmental concerns and government incentives. The NFT market has seen a boom, but now it has declined in recent times.

Positioning

The9 Ltd ADR seeks to position itself as an early adopter and innovator in the blockchain and EV space, leveraging its previous experience in the gaming industry to explore new opportunities. The company's competitive advantages are its adaptability and diversification. However, it faces significant competition from established players with greater resources.

Total Addressable Market (TAM)

The combined TAM of the cryptocurrency, EV, and NFT markets is substantial. The9 Ltd ADR is positioned to capture a portion of this TAM through its diverse investments, though it remains a smaller player compared to larger, more established companies. TAM estimates for cryptocurrency mining vary widely depending on crypto prices and adoption rates. The global EV market is expected to reach trillions of dollars in the coming decades. The NFT market, despite recent downturns, still represents a significant opportunity.

Upturn SWOT Analysis

Strengths

  • Diversified business model
  • Early adoption of emerging technologies
  • Established presence in the Chinese market
  • Adaptable to market changes

Weaknesses

  • Limited resources compared to larger competitors
  • Dependence on volatile markets (cryptocurrency, NFTs)
  • Unproven track record in EV manufacturing
  • Limited brand recognition outside of China

Opportunities

  • Growing demand for electric vehicles
  • Expanding adoption of cryptocurrency and blockchain technologies
  • Increasing popularity of NFTs
  • Government support for renewable energy and technology

Threats

  • Intense competition in all business segments
  • Regulatory uncertainty surrounding cryptocurrency and NFTs
  • Technological obsolescence
  • Economic downturns impacting consumer spending

Competitors and Market Share

competitor logo Key Competitors

  • TSLA
  • NIO
  • MARA
  • RIOT

Competitive Landscape

The9 Ltd ADR faces intense competition from established players in the EV and cryptocurrency industries. Its advantages include its adaptability and diversification, but it lacks the resources and brand recognition of its larger competitors.

Growth Trajectory and Initiatives

Historical Growth: Historical growth has been inconsistent, reflecting the volatile nature of its core business areas.

Future Projections: Future projections are highly uncertain and depend on the success of its EV initiatives and cryptocurrency ventures. Analyst estimates are not uniformly available.

Recent Initiatives: Recent strategic initiatives include expanding EV manufacturing capabilities and investing in new blockchain projects.

Summary

The9 Ltd ADR is a highly speculative company with diverse interests in cryptocurrency, EVs and NFTs. Its historical lack of profitability and small size compared to its competitors make the company highly speculative. The company shows promise with its focus on emerging technologies, but faces challenges in execution and competition. Investors should carefully consider the risks before investing in The9 Ltd ADR.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • Company filings
  • Industry reports
  • Market analysis reports

Disclaimers:

This analysis is for informational purposes only and should not be considered financial advice. The information provided is based on available data and may be subject to change. Investments in The9 Ltd ADR are highly speculative and involve significant risk.

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

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

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

Upturn 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.