Beyond market averages, investors seeking exceptional growth focus on the art of stock selection. The right picks can significantly contribute to the expansion of your wealth.
The price of Nine Energy Service Inc (NYSE: NINE) closed at $1.16 in the last session, down -5.69% from day before closing price of $1.23. In other words, the price has decreased by -$5.69 from its previous closing price. On the day, 1.17 million shares were traded.
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 3.14 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 19.82. For the most recent quarter (mrq), Quick Ratio is recorded 1.59 and its Current Ratio is at 2.46.
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 Dec 03 ’24 when Sirkes Guy sold 35,380 shares for $1.67 per share. The transaction valued at 59,155 led to the insider holds 156,966 shares of the business.
Sirkes Guy bought 35,380 shares of NINE for $59,148 on Dec 03 ’24. On Nov 19 ’24, another insider, MONROE WILLIAM, who serves as the 10% Owner of the company, bought 435,000 shares for $1.19 each. As a result, the insider paid 517,694 and bolstered with 4,335,000 shares of the company.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 0.09.
Stock Price History:
Over the past 52 weeks, NINE has reached a high of $3.26, while it has fallen to a 52-week low of $0.75. The 50-Day Moving Average of the stock is -3.15%, while the 200-Day Moving Average is calculated to be -14.93%.
Shares Statistics:
A total of 42.36M shares are outstanding, with a floating share count of 30.70M. Insiders hold about 27.53% of the company’s shares, while institutions hold 35.53% stake in the company.
