For those aiming to surpass market returns, the art of stock picking is crucial. Making wise choices in stocks can greatly enhance your overall wealth.
In the latest session, Nine Energy Service Inc (NYSE: NINE) closed at $1.24 down -2.36% from its previous closing price of $1.27. In other words, the price has decreased by -$2.36 from its previous closing price. On the day, 0.72 million shares were traded. NINE stock price reached its highest trading level at $1.29 during the session, while it also had its lowest trading level at $1.22.
Ratios:
For a deeper understanding of Nine Energy Service Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.36 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 21.18. 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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:
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 52531112 and an Enterprise Value of 393004128. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.09. Its current Enterprise Value per Revenue stands at 0.706 whereas that against EBITDA is 8.521.
Stock Price History:
The Beta on a monthly basis for NINE is 3.49, which has changed by -0.45957446 over the last 52 weeks, in comparison to a change of 0.22263205 over the same period for the S&P500. 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 1.01%, while the 200-Day Moving Average is calculated to be -19.39%.
Shares Statistics:
For the past three months, NINE has traded an average of 1.24M shares per day and 2230960 over the past ten days. 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 31.28% stake in the company. Shares short for NINE as of 1734048000 were 3788114 with a Short Ratio of 2.02, compared to 1731628800 on 4088370. Therefore, it implies a Short% of Shares Outstanding of 3788114 and a Short% of Float of 12.0900005.
