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Nine Energy Service Inc (NYSE: NINE) closed the day trading at $1.07 down -8.55% from the previous closing price of $1.17. In other words, the price has decreased by -$8.55 from its previous closing price. On the day, 0.65 million shares were traded. NINE stock price reached its highest trading level at $1.13 during the session, while it also had its lowest trading level at $1.06.
Ratios:
For a better understanding of NINE, let’s 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 44049120 and an Enterprise Value of 376631104. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.08. Its current Enterprise Value per Revenue stands at 0.674 whereas that against EBITDA is 8.598.
Stock Price History:
Over the past 52 weeks, NINE has reached a high of $4.22, while it has fallen to a 52-week low of $1.04. The 50-Day Moving Average of the stock is -12.12%, while the 200-Day Moving Average is calculated to be -42.87%.
Shares Statistics:
Over the past 3-months, NINE traded about 501.97K shares per day on average, while over the past 10 days, NINE traded about 715440 shares per day. A total of 35.32M shares are outstanding, with a floating share count of 30.12M. Insiders hold about 26.84% of the company’s shares, while institutions hold 49.58% stake in the company. Shares short for NINE as of 1727654400 were 2343965 with a Short Ratio of 4.67, compared to 1724976000 on 2534704. Therefore, it implies a Short% of Shares Outstanding of 2343965 and a Short% of Float of 7.7800006.
