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The closing price of Nine Energy Service Inc (NYSE: NINE) was $1.26 for the day, up 28.57% from the previous closing price of $0.98. In other words, the price has increased by $28.57 from its previous closing price. On the day, 3.47 million shares were traded. NINE stock price reached its highest trading level at $1.31 during the session, while it also had its lowest trading level at $1.015.
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 3.41 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 21.53. 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 Nov 06 ’24 when Fox Ann G bought 136,929 shares for $1.15 per share.
MOORE THEODORE R. bought 26,776 shares of NINE for $25,987 on Nov 05 ’24. On Nov 05 ’24, another insider, Fox Ann G, who serves as the Officer of the company, bought 60,358 shares for $1.00 each.
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 53378388 and an Enterprise Value of 393851392. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.10. Its current Enterprise Value per Revenue stands at 0.707 whereas that against EBITDA is 8.539.
Stock Price History:
Over the past 52 weeks, NINE has reached a high of $3.68, while it has fallen to a 52-week low of $0.75. The 50-Day Moving Average of the stock is 12.60%, while the 200-Day Moving Average is calculated to be -28.06%.
Shares Statistics:
NINE traded an average of 532.20K shares per day over the past three months and 748580 shares per day over the past ten days. A total of 35.32M shares are outstanding, with a floating share count of 30.99M. Insiders hold about 26.84% of the company’s shares, while institutions hold 47.45% stake in the company. Shares short for NINE as of 1728950400 were 2575156 with a Short Ratio of 4.84, compared to 1726185600 on 2515940. Therefore, it implies a Short% of Shares Outstanding of 2575156 and a Short% of Float of 8.2200006.
Earnings Estimates
Nine Energy Service Inc (NINE) is currently under the scrutiny of 1.0 analysts, each contributing to the ongoing evaluation of its stock.The consensus estimate for the next quarter is -$0.2, with high estimates of -$0.2 and low estimates of -$0.2.
Analysts are recommending an EPS of between -$1.12 and -$1.12 for the fiscal current year, implying an average EPS of -$1.12. EPS for the following year is -$0.75, with 1.0 analysts recommending between -$0.75 and -$0.75.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 1 analysts. It ranges from a high estimate of $134.7M to a low estimate of $134.7M. As of the current estimate, Nine Energy Service Inc’s year-ago sales were $144.08MFor the next quarter, 1 analysts are estimating revenue of $158M. There is a high estimate of $158M for the next quarter, whereas the lowest estimate is $158M.
A total of 1 analysts have provided revenue estimates for NINE’s current fiscal year. The highest revenue estimate was $547M, while the lowest revenue estimate was $547M, resulting in an average revenue estimate of $547M. In the same quarter a year ago, actual revenue was $609.53MBased on 1 analysts’ estimates, the company’s revenue will be $563M in the next fiscal year. The high estimate is $563M and the low estimate is $563M.
