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As of close of business last night, Nine Energy Service Inc’s stock clocked out at $1.30, up 10.17% from its previous closing price of $1.18. In other words, the price has increased by $10.17 from its previous closing price. On the day, 1.45 million shares were traded. NINE stock price reached its highest trading level at $1.3 during the session, while it also had its lowest trading level at $1.16.
Ratios:
To gain a deeper understanding of NINE’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.43 and its Current Ratio is at 2.15.
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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Aug 12 ’24 when Crombie David sold 17,320 shares for $1.36 per share. The transaction valued at 23,521 led to the insider holds 286,799 shares of the business.
Luz S. Brett sold 2,894 shares of NINE for $3,930 on Aug 12 ’24. The Chief Accounting Officer now owns 99,269 shares after completing the transaction at $1.36 per share. On Aug 12 ’24, another insider, MOORE THEODORE R., who serves as the insider of the company, sold 9,594 shares for $1.36 each. As a result, the insider received 13,029 and left with 180,936 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 53517620 and an Enterprise Value of 386099616. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.10. Its current Enterprise Value per Revenue stands at 0.69 whereas that against EBITDA is 8.814.
Stock Price History:
The Beta on a monthly basis for NINE is 3.29, which has changed by -0.63988924 over the last 52 weeks, in comparison to a change of 0.32295227 over the same period for the S&P500. Over the past 52 weeks, NINE has reached a high of $4.48, while it has fallen to a 52-week low of $1.04. The 50-Day Moving Average of the stock is -2.26%, while the 200-Day Moving Average is calculated to be -32.88%.
Shares Statistics:
It appears that NINE traded 460.78K shares on average per day over the past three months and 696860 shares per day over the past ten days. A total of 35.32M shares are outstanding, with a floating share count of 30.12M. Insiders hold about 26.84% of the company’s shares, while institutions hold 49.60% stake in the company. Shares short for NINE as of 1726185600 were 2515940 with a Short Ratio of 5.46, compared to 1723680000 on 2741592. Therefore, it implies a Short% of Shares Outstanding of 2515940 and a Short% of Float of 8.3500005.
Earnings Estimates
At present, 1.0 analysts are actively evaluating the performance of Nine Energy Service Inc (NINE) in the stock market.The consensus estimate for the next quarter is -$0.3, with high estimates of -$0.3 and low estimates of -$0.3.
Analysts are recommending an EPS of between -$1.3 and -$1.3 for the fiscal current year, implying an average EPS of -$1.3. EPS for the following year is -$0.8, with 1.0 analysts recommending between -$0.8 and -$0.8.
Revenue Estimates
In the current quarter, 1 analysts expect revenue to total $133.2M. It ranges from a high estimate of $133.2M to a low estimate of $133.2M. As of the current estimate, Nine Energy Service Inc’s year-ago sales were $140.62MFor the next quarter, 1 analysts are estimating revenue of $133.9M. There is a high estimate of $133.9M for the next quarter, whereas the lowest estimate is $133.9M.
A total of 1 analysts have provided revenue estimates for NINE’s current fiscal year. The highest revenue estimate was $541.6M, while the lowest revenue estimate was $541.6M, resulting in an average revenue estimate of $541.6M. In the same quarter a year ago, actual revenue was $609.53MBased on 1 analysts’ estimates, the company’s revenue will be $592.2M in the next fiscal year. The high estimate is $592.2M and the low estimate is $592.2M.
