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The price of Nine Energy Service Inc (NYSE: NINE) closed at $2.10 in the last session, down -2.78% from day before closing price of $2.16. In other words, the price has decreased by -$2.78 from its previous closing price. On the day, 0.58 million shares were traded. NINE stock price reached its highest trading level at $2.2 during the session, while it also had its lowest trading level at $2.095.
Ratios:
We take a closer look at NINE’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 2.41 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 3.55. For the most recent quarter (mrq), Quick Ratio is recorded 1.56 and its Current Ratio is at 2.22.
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.
Insider Transactions:
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 Mar 13 ’24 when Sirkes Guy sold 16,709 shares for $2.19 per share. The transaction valued at 36,609 led to the insider holds 117,918 shares of the business.
Fox Ann G sold 216,704 shares of NINE for $470,248 on Mar 12 ’24. The insider now owns 508,783 shares after completing the transaction at $2.17 per share. On Aug 11 ’23, another insider, Crombie David, who serves as the insider of the company, sold 40,657 shares for $4.60 each. As a result, the insider received 187,022 and left with 209,075 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 74182288 and an Enterprise Value of 409660224. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.12. Its current Enterprise Value per Revenue stands at 0.672 whereas that against EBITDA is 6.948.
Stock Price History:
The Beta on a monthly basis for NINE is 3.42, which has changed by -0.3930636 over the last 52 weeks, in comparison to a change of 0.23568535 over the same period for the S&P500. Over the past 52 weeks, NINE has reached a high of $5.59, while it has fallen to a 52-week low of $1.78. The 50-Day Moving Average of the stock is -9.74%, while the 200-Day Moving Average is calculated to be -32.52%.
Shares Statistics:
According to the various share statistics, NINE traded on average about 598.27K shares per day over the past 3-months and 398430 shares per day over the past 10 days. A total of 35.32M shares are outstanding, with a floating share count of 28.84M. Insiders hold about 18.35% of the company’s shares, while institutions hold 57.75% stake in the company. Shares short for NINE as of 1713139200 were 3956742 with a Short Ratio of 6.61, compared to 1710460800 on 2861144. Therefore, it implies a Short% of Shares Outstanding of 3956742 and a Short% of Float of 16.290002.
Earnings Estimates
The current rating of Nine Energy Service Inc (NINE) is the result of assessments by 1.0 analysts actively engaged in evaluating its market dynamics.On average, analysts expect EPS of -$0.32 for the current quarter, with a high estimate of -$0.32 and a low estimate of -$0.32, while EPS last year was $0.03. The consensus estimate for the next quarter is -$0.19, with high estimates of -$0.19 and low estimates of -$0.19.
Analysts are recommending an EPS of between -$0.78 and -$0.78 for the fiscal current year, implying an average EPS of -$0.78. EPS for the following year is -$0.56, with 1.0 analysts recommending between -$0.56 and -$0.56.
Revenue Estimates
According to 1 analysts, the current quarter’s revenue is expected to be $141.9M. It ranges from a high estimate of $141.9M to a low estimate of $141.9M. As of the current estimate, Nine Energy Service Inc’s year-ago sales were $163.41MFor the next quarter, 1 analysts are estimating revenue of $149.3M. There is a high estimate of $149.3M for the next quarter, whereas the lowest estimate is $149.3M.
A total of 2 analysts have provided revenue estimates for NINE’s current fiscal year. The highest revenue estimate was $638.3M, while the lowest revenue estimate was $593M, resulting in an average revenue estimate of $615.65M. In the same quarter a year ago, actual revenue was $609.53MBased on 1 analysts’ estimates, the company’s revenue will be $614.2M in the next fiscal year. The high estimate is $614.2M and the low estimate is $614.2M.
