Market Insight: Nine Energy Service Inc (NINE)’s Notable Drop, Closing at 2.08

For those desiring to outshine the market, the strategic selection of individual stocks is paramount. Well-chosen stocks have the potential to substantially boost your wealth.

In the latest session, Nine Energy Service Inc (NYSE: NINE) closed at $2.08 down -6.31% from its previous closing price of $2.22. In other words, the price has decreased by -$6.31 from its previous closing price. On the day, 1.17 million shares were traded. NINE stock price reached its highest trading level at $2.24 during the session, while it also had its lowest trading level at $1.98.


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 7.17 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 8.20. For the most recent quarter (mrq), Quick Ratio is recorded 1.51 and its Current Ratio is at 2.27.

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 May 03 ’24 when Fox Ann G sold 10,239 shares for $2.25 per share. The transaction valued at 23,038 led to the insider holds 498,544 shares of the business.

Crombie David sold 7,071 shares of NINE for $15,910 on May 03 ’24. The insider now owns 202,004 shares after completing the transaction at $2.25 per share. On May 03 ’24, another insider, Sirkes Guy, who serves as the insider of the company, sold 3,909 shares for $2.25 each. As a result, the insider received 8,795 and left with 114,009 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 73475792 and an Enterprise Value of 423463712. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.12. Its current Enterprise Value per Revenue stands at 0.72 whereas that against EBITDA is 7.531.

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 -10.71%, while the 200-Day Moving Average is calculated to be -31.96%.

Shares Statistics:

For the past three months, NINE has traded an average of 585.59K shares per day and 342390 over the past ten 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 57.29% stake in the company. Shares short for NINE as of 1713139200 were 3956742 with a Short Ratio of 6.76, compared to 1710460800 on 2861144. Therefore, it implies a Short% of Shares Outstanding of 3956742 and a Short% of Float of 16.290002.

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