Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
Nine Energy Service Inc (NYSE: NINE) closed the day trading at $2.72 up 7.09% from the previous closing price of $2.54. In other words, the price has increased by $7.09 from its previous closing price. On the day, 0.6 million shares were traded. NINE stock price reached its highest trading level at $2.76 during the session, while it also had its lowest trading level at $2.57.
Ratios:
For a better understanding of NINE, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.12 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 4.59. 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:
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 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 96083728 and an Enterprise Value of 431561632. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.16. Its current Enterprise Value per Revenue stands at 0.708 whereas that against EBITDA is 7.32.
Stock Price History:
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 18.21%, while the 200-Day Moving Average is calculated to be -14.89%.
Shares Statistics:
Over the past 3-months, NINE traded about 637.68K shares per day on average, while over the past 10 days, NINE traded about 959770 shares per day. 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 57.79% stake in the company. Shares short for NINE as of 1711584000 were 3842648 with a Short Ratio of 6.03, compared to 1709164800 on 3277232. Therefore, it implies a Short% of Shares Outstanding of 3842648 and a Short% of Float of 15.82.
Earnings Estimates
As of right now, NIFE analysts gave their recommendation on the stock of the company. The consensus estimate for the next quarter is $224.19, with high estimates of $136.49 and low estimates of $14.87.
