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In the latest session, Nine Energy Service Inc (NYSE: NINE) closed at $1.33 down -5.00% from its previous closing price of $1.40. In other words, the price has decreased by -$5.00 from its previous closing price. On the day, 0.8 million shares were traded. NINE stock price reached its highest trading level at $1.42 during the session, while it also had its lowest trading level at $1.32.
Ratios:
For a deeper understanding of Nine Energy Service Inc’s stock, let’s take a closer look at its various 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:
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 Aug 12 ’24 when Fox Ann G bought 24,703 shares for $1.36 per share.
Crombie David bought 17,320 shares of NINE for $23,521 on Aug 12 ’24. On Aug 12 ’24, another insider, Sirkes Guy, who serves as the Officer of the company, bought 9,775 shares for $1.36 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 57634356 and an Enterprise Value of 387334624. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.10. Its current Enterprise Value per Revenue stands at 0.693 whereas that against EBITDA is 8.843.
Stock Price History:
The Beta on a monthly basis for NINE is 3.37, which has changed by -0.67718446 over the last 52 weeks, in comparison to a change of 0.20427191 over the same period for the S&P500. Over the past 52 weeks, NINE has reached a high of $5.30, while it has fallen to a 52-week low of $1.35. The 50-Day Moving Average of the stock is -19.69%, while the 200-Day Moving Average is calculated to be -39.11%.
Shares Statistics:
For the past three months, NINE has traded an average of 623.86K shares per day and 591510 over the past ten days. A total of 35.32M shares are outstanding, with a floating share count of 28.18M. Insiders hold about 31.56% of the company’s shares, while institutions hold 48.06% stake in the company. Shares short for NINE as of 1721001600 were 2885196 with a Short Ratio of 4.32, compared to 1718323200 on 3187464. Therefore, it implies a Short% of Shares Outstanding of 2885196 and a Short% of Float of 11.87.
Earnings Estimates
A comprehensive evaluation of Nine Energy Service Inc (NINE) is underway, with the input of 1.0 analysts contributing to its current rating.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
A total of 1 analysts believe the company’s revenue will be $133.2M this quarter.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.
