Quarterly Snapshot: Quick and Current Ratios for Nine Energy Service Inc (NINE)

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The closing price of Nine Energy Service Inc (NYSE: NINE) was $1.82 for the day, down -3.70% from the previous closing price of $1.89. In other words, the price has decreased by -$3.70 from its previous closing price. On the day, 0.79 million shares were traded. NINE stock price reached its highest trading level at $1.925 during the session, while it also had its lowest trading level at $1.81.

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 6.28 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 7.17. For the most recent quarter (mrq), Quick Ratio is recorded 1.51 and its Current Ratio is at 2.27.

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 May 10 ’24 when Sirkes Guy sold 11,532 shares for $1.98 per share. The transaction valued at 22,833 led to the insider holds 206,265 shares of the business.

DANNER ERNIE L sold 136,853 shares of NINE for $271,516 on May 09 ’24. The Director now owns 79,719 shares after completing the transaction at $1.98 per share. On May 09 ’24, another insider, Crombie David, who serves as the insider of the company, sold 21,796 shares for $1.95 each. As a result, the insider received 42,546 and left with 332,553 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 64291320 and an Enterprise Value of 414279232. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.11. Its current Enterprise Value per Revenue stands at 0.704 whereas that against EBITDA is 7.367.

Stock Price History:

Over the past 52 weeks, NINE has reached a high of $5.59, while it has fallen to a 52-week low of $1.78. The 50-Day Moving Average of the stock is -21.52%, while the 200-Day Moving Average is calculated to be -39.31%.

Shares Statistics:

NINE traded an average of 614.31K shares per day over the past three months and 647030 shares per day over the past ten days. A total of 35.32M shares are outstanding, with a floating share count of 27.87M. Insiders hold about 18.23% of the company’s shares, while institutions hold 57.18% stake in the company. Shares short for NINE as of 1714435200 were 4014815 with a Short Ratio of 6.54, compared to 1711584000 on 3842648. Therefore, it implies a Short% of Shares Outstanding of 4014815 and a Short% of Float of 16.520001.

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