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As of close of business last night, Nine Energy Service Inc’s stock clocked out at $1.41, down -6.00% from its previous closing price of $1.50. In other words, the price has decreased by -$6.00 from its previous closing price. On the day, 1.02 million shares were traded. NINE stock price reached its highest trading level at $1.55 during the session, while it also had its lowest trading level at $1.39.
Ratios:
To gain a deeper understanding of NINE’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.82 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 24.09. 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:
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 Nov 19 ’24 when MONROE WILLIAM bought 435,000 shares for $1.19 per share. The transaction valued at 517,694 led to the insider holds 4,335,000 shares of the business.
MONROE WILLIAM bought 260,000 shares of NINE for $321,334 on Nov 21 ’24. The 10% Owner now owns 4,860,000 shares after completing the transaction at $1.24 per share. On Nov 20 ’24, another insider, MONROE WILLIAM, who serves as the 10% Owner of the company, bought 265,000 shares for $1.21 each. As a result, the insider paid 320,518 and bolstered with 4,600,000 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 59732956 and an Enterprise Value of 400205952. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.11. Its current Enterprise Value per Revenue stands at 0.719 whereas that against EBITDA is 8.677.
Stock Price History:
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 21.42%, while the 200-Day Moving Average is calculated to be -15.84%.
Shares Statistics:
It appears that NINE traded 794.22K shares on average per day over the past three months and 1418400 shares per day over the past ten days. A total of 35.32M shares are outstanding, with a floating share count of 31.27M. Insiders hold about 26.18% of the company’s shares, while institutions hold 27.81% stake in the company. Shares short for NINE as of 1731628800 were 4088370 with a Short Ratio of 3.87, compared to 1728950400 on 2575156. Therefore, it implies a Short% of Shares Outstanding of 4088370 and a Short% of Float of 13.05.
