The price of Nine Energy Service Inc. (NYSE: NINE) closed at $14.83 in the last session, up 1.30% from day before closing price of $14.64. In other words, the price has increased by $+0.19 from its previous closing price. On the day, 2799016 shares were traded. NINE stock price reached its highest trading level at $15.84 during the session, while it also had its lowest trading level at $14.02.
We take a closer look at NINE’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 1.30 and its Current Ratio is at 1.80.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Citigroup on December 15, 2020, Upgraded its rating to Neutral and sets its target price to $3 from $1 previously.
Goldman Downgraded its Buy to Neutral on March 27, 2020, whereas the target price for the stock was revised from $9 to $1.25.
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Jan 17 when Frazier Warren Lynn sold 100,000 shares for $14.99 per share. The transaction valued at 1,499,220 led to the insider holds 3,349,087 shares of the business.
Frazier Warren Lynn sold 300,000 shares of NINE for $3,702,380 on Dec 22. The 10% Owner now owns 3,449,087 shares after completing the transaction at $12.34 per share. On Dec 01, another insider, Frazier Warren Lynn, who serves as the 10% Owner of the company, sold 21,958 shares for $10.81 each. As a result, the insider received 237,289 and left with 3,749,087 shares of the company.
For the stock, the TTM Price-to-Sale (P/S) ratio is 0.91.
Stock Price History:
Over the past 52 weeks, NINE has reached a high of $17.10, while it has fallen to a 52-week low of $0.91. The 50-Day Moving Average of the stock is 11.18, while the 200-Day Moving Average is calculated to be 5.19.
According to the various share statistics, NINE traded on average about 1.78M shares per day over the past 3-months and 2.09M shares per day over the past 10 days. A total of 31.10M shares are outstanding, with a floating share count of 15.49M. Insiders hold about 4.60% of the company’s shares, while institutions hold 52.70% stake in the company. Shares short for NINE as of Oct 13, 2022 were 2.18M with a Short Ratio of 2.31M, compared to 1.9M on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 6.52% and a Short% of Float of 12.07%.
The company has 2 analysts who recommend its stock at the moment. On average, analysts expect EPS of $0.02 for the current quarter, with a high estimate of $0.16 and a low estimate of -$0.11, while EPS last year was -$0.51. The consensus estimate for the next quarter is $0.01, with high estimates of $0.12 and low estimates of -$0.09.
Analysts are recommending an EPS of between $0.04 and $0.04 for the fiscal current year, implying an average EPS of $0.04. EPS for the following year is $1.14, with 1 analysts recommending between $1.14 and $1.14.
According to 2 analysts, the current quarter’s revenue is expected to be $149.07M. It ranges from a high estimate of $154.2M to a low estimate of $143.94M. As of the current estimate, Nine Energy Service Inc.’s year-ago sales were $92.87M, an estimated increase of 60.50% from the year-ago figure. For the next quarter, 2 analysts are estimating revenue of $149.26M, an increase of 42.00% less than the figure of $60.50% in the same quarter last year. There is a high estimate of $151.4M for the next quarter, whereas the lowest estimate is $147.13M.
A total of 2 analysts have provided revenue estimates for NINE’s current fiscal year. The highest revenue estimate was $564.9M, while the lowest revenue estimate was $558.4M, resulting in an average revenue estimate of $561.65M. In the same quarter a year ago, actual revenue was $349.42M, up 60.70% from the average estimate. Based on 2 analysts’ estimates, the company’s revenue will be $652.5M in the next fiscal year. The high estimate is $655M and the low estimate is $650M. The average revenue growth estimate for next year is up 16.20% from the average revenue estimate for this year.