In other words, the price has increased by $0.0000 from its previous closing price. On the day, 501455 shares were traded.
Ratios:
For a deeper understanding of Nine Energy Service Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 2.50 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 3.68. For the most recent quarter (mrq), Quick Ratio is recorded 1.56 and its Current Ratio is at 2.22.
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 Mar 13 ’24 when Sirkes Guy sold 16,709 shares for $2.19 per share. The transaction valued at 36,609 led to the insider holds 117,918 shares of the business.
Fox Ann G sold 216,704 shares of NINE for $470,248 on Mar 12 ’24. The insider now owns 508,783 shares after completing the transaction at $2.17 per share. On Aug 11 ’23, another insider, Crombie David, who serves as the insider of the company, sold 40,657 shares for $4.60 each. As a result, the insider received 187,022 and left with 209,075 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 77.01M and an Enterprise Value of 412.49M. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.13. Its current Enterprise Value per Revenue stands at 0.68 whereas that against EBITDA is 5.68.
Stock Price History:
Over the past 52 weeks, NINE has reached a high of $6.73, while it has fallen to a 52-week low of $1.78. The 50-Day Moving Average of the stock is 2.2536, while the 200-Day Moving Average is calculated to be 3.2780.
Shares Statistics:
For the past three months, NINE has traded an average of 681.93K shares per day and 516.82k over the past ten days. A total of 35.32M shares are outstanding, with a floating share count of 28.84M. Insiders hold about 18.35% of the company’s shares, while institutions hold 57.77% stake in the company. Shares short for NINE as of Feb 29, 2024 were 3.28M with a Short Ratio of 4.81, compared to 3.27M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 9.28% and a Short% of Float of 13.62%.
Earnings Estimates
There are 1 different market analysts currently analyzing its stock. On average, analysts expect EPS of -$0.32 for the current quarter, with a high estimate of -$0.32 and a low estimate of -$0.32, while EPS last year was $0.03. The consensus estimate for the next quarter is -$0.19, with high estimates of -$0.19 and low estimates of -$0.19.
Analysts are recommending an EPS of between -$0.78 and -$0.78 for the fiscal current year, implying an average EPS of -$0.78. EPS for the following year is -$0.56, with 1 analysts recommending between -$0.56 and -$0.56.
Revenue Estimates
A total of 1 analysts believe the company’s revenue will be $141.9M this quarter.It ranges from a high estimate of $141.9M to a low estimate of $141.9M. As of the current estimate, Nine Energy Service Inc’s year-ago sales were $163.41M, an estimated decrease of -13.20% from the year-ago figure. For the next quarter, 1 analysts are estimating revenue of $149.3M, a decrease of -7.80% over than the figure of -$13.20% in the same quarter last year. There is a high estimate of $149.3M for the next quarter, whereas the lowest estimate is $149.3M.
A total of 2 analysts have provided revenue estimates for NINE’s current fiscal year. The highest revenue estimate was $638.3M, while the lowest revenue estimate was $593M, resulting in an average revenue estimate of $615.65M. In the same quarter a year ago, actual revenue was $609.53M, up 1.00% from the average estimate. Based on 1 analysts’ estimates, the company’s revenue will be $614.2M in the next fiscal year. The high estimate is $614.2M and the low estimate is $614.2M. The average revenue growth estimate for next year is down -0.20% from the average revenue estimate for this year.
