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After finishing at $1.30 in the prior trading day, Nine Energy Service Inc (NYSE: NINE) closed at $1.23, down -5.38%. In other words, the price has decreased by -$5.38 from its previous closing price. On the day, 0.53 million shares were traded. NINE stock price reached its highest trading level at $1.34 during the session, while it also had its lowest trading level at $1.22.
Ratios:
Our goal is to gain a better understanding of NINE by taking a closer look at 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 50635904 and an Enterprise Value of 383217888. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.09. Its current Enterprise Value per Revenue stands at 0.685 whereas that against EBITDA is 8.749.
Stock Price History:
Over the past 52 weeks, NINE has reached a high of $4.92, while it has fallen to a 52-week low of $1.26. The 50-Day Moving Average of the stock is -24.44%, while the 200-Day Moving Average is calculated to be -42.47%.
Shares Statistics:
The stock has traded on average 596.13K shares per day over the past 3-months and 588710 shares per day over the last 10 days, according to various share statistics. A total of 35.32M shares are outstanding, with a floating share count of 28.29M. Insiders hold about 31.46% of the company’s shares, while institutions hold 49.65% stake in the company. Shares short for NINE as of 1722384000 were 2696049 with a Short Ratio of 4.52, compared to 1719532800 on 3046793. Therefore, it implies a Short% of Shares Outstanding of 2696049 and a Short% of Float of 8.9499995.
Earnings Estimates
The current market rating for Nine Energy Service Inc (NINE) reflects the collective analysis of 1.0 analysts closely monitoring its performance.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
1 analysts predict $133.2M in revenue for the current 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.
