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.
The closing price of Nine Energy Service Inc (NYSE: NINE) was $1.09 for the day, down -1.80% from the previous closing price of $1.11. In other words, the price has decreased by -$1.80 from its previous closing price. On the day, 0.58 million shares were traded. NINE stock price reached its highest trading level at $1.14 during the session, while it also had its lowest trading level at $1.08.
Ratios:
Our analysis of NINE’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 2.95 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 18.62. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 46176544 and an Enterprise Value of 386649536. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.08. Its current Enterprise Value per Revenue stands at 0.694 whereas that against EBITDA is 8.383.
Stock Price History:
The Beta on a monthly basis for NINE is 3.58, which has changed by -0.53218883 over the last 52 weeks, in comparison to a change of 0.19995654 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 -13.58%, while the 200-Day Moving Average is calculated to be -23.21%.
Shares Statistics:
NINE traded an average of 1.92M shares per day over the past three months and 1405700 shares per day 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 31.91% stake in the company. Shares short for NINE as of 1736899200 were 2650040 with a Short Ratio of 1.38, compared to 1734048000 on 3788114. Therefore, it implies a Short% of Shares Outstanding of 2650040 and a Short% of Float of 8.459999999999999.
