Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
The price of Nine Energy Service Inc (NYSE: NINE) closed at $1.15 in the last session, down -7.26% from day before closing price of $1.24. In other words, the price has decreased by -$7.26 from its previous closing price. On the day, 0.92 million shares were traded. NINE stock price reached its highest trading level at $1.25 during the session, while it also had its lowest trading level at $1.11.
Ratios:
We take a closer look at NINE’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 1.47 and its Current Ratio is at 2.09.
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:
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 48700888 and an Enterprise Value of 379611936. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.09. Its current Enterprise Value per Revenue stands at 0.685 whereas that against EBITDA is 8.239.
Stock Price History:
The Beta on a monthly basis for NINE is 3.10, which has changed by -0.481982 over the last 52 weeks, in comparison to a change of 0.06429911 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 -5.89%, while the 200-Day Moving Average is calculated to be -11.40%.
Shares Statistics:
According to the various share statistics, NINE traded on average about 1.62M shares per day over the past 3-months and 496510 shares per day over the past 10 days. A total of 42.35M shares are outstanding, with a floating share count of 30.69M. Insiders hold about 27.53% of the company’s shares, while institutions hold 35.54% stake in the company. Shares short for NINE as of 1741910400 were 3222346 with a Short Ratio of 1.99, compared to 1739491200 on 3294456. Therefore, it implies a Short% of Shares Outstanding of 3222346 and a Short% of Float of 9.0100005.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
