Analyzing Nine Energy Service Inc (NINE)’s quick and current ratios

Nine Energy Service Inc (NYSE: NINE) closed the day trading at $2.25 up 7.14% from the previous closing price of $2.10. In other words, the price has increased by $+0.1500 from its previous closing price. On the day, 636179 shares were traded. NINE stock price reached its highest trading level at $2.2600 during the session, while it also had its lowest trading level at $2.1000.

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For a better understanding of NINE, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.79 and its Current Ratio is at 2.80.

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.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Aug 11 when Crombie David sold 40,657 shares for $4.60 per share. The transaction valued at 187,022 led to the insider holds 209,075 shares of the business.

MOORE THEODORE R. sold 22,221 shares of NINE for $103,772 on Aug 11. The insider now owns 115,725 shares after completing the transaction at $4.67 per share. On Aug 09, another insider, Fox Ann G, who serves as the insider of the company, sold 37,527 shares for $4.90 each. As a result, the insider received 183,882 and left with 725,487 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, NINE now has a Market Capitalization of 79.48M and an Enterprise Value of 430.56M. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.13. Its current Enterprise Value per Revenue stands at 0.68 whereas that against EBITDA is 5.02.

Stock Price History:

Over the past 52 weeks, NINE has reached a high of $11.24, while it has fallen to a 52-week low of $1.78. The 50-Day Moving Average of the stock is 2.4164, while the 200-Day Moving Average is calculated to be 3.4309.

Shares Statistics:

Over the past 3-months, NINE traded about 834.50K shares per day on average, while over the past 10 days, NINE traded about 518.89k shares per day. A total of 33.22M shares are outstanding, with a floating share count of 28.65M. Insiders hold about 18.89% of the company’s shares, while institutions hold 57.39% stake in the company. Shares short for NINE as of Jan 31, 2024 were 3.27M with a Short Ratio of 3.92, compared to 3.71M on Dec 29, 2023. Therefore, it implies a Short% of Shares Outstanding of 9.26% and a Short% of Float of 13.60%.

Earnings Estimates

Current recommendations for the stock of the company come from 1 analysts. On average, analysts expect EPS of -$0.35 for the current quarter, with a high estimate of -$0.35 and a low estimate of -$0.35, while EPS last year was $0.29. The consensus estimate for the next quarter is -$0.35, with high estimates of -$0.35 and low estimates of -$0.35.

Analysts are recommending an EPS of between -$0.81 and -$0.81 for the fiscal current year, implying an average EPS of -$0.81. EPS for the following year is -$0.77, with 1 analysts recommending between -$0.77 and -$0.77.

Revenue Estimates

2 analysts predict $142.15M in revenue for the current quarter. It ranges from a high estimate of $142.3M to a low estimate of $142M. As of the current estimate, Nine Energy Service Inc’s year-ago sales were $166.67M, an estimated decrease of -14.70% from the year-ago figure. For the next quarter, 1 analysts are estimating revenue of $144M, a decrease of -11.90% over than the figure of -$14.70% in the same quarter last year. There is a high estimate of $144M for the next quarter, whereas the lowest estimate is $144M.

A total of 2 analysts have provided revenue estimates for NINE’s current fiscal year. The highest revenue estimate was $610.4M, while the lowest revenue estimate was $607.8M, resulting in an average revenue estimate of $609.1M. In the same quarter a year ago, actual revenue was $593.38M, up 2.60% from the average estimate. Based on 2 analysts’ estimates, the company’s revenue will be $640.35M in the next fiscal year. The high estimate is $671.1M and the low estimate is $609.6M. The average revenue growth estimate for next year is up 5.10% from the average revenue estimate for this year.

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