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After finishing at $1.24 in the prior trading day, Nine Energy Service Inc (NYSE: NINE) closed at $1.15, down -7.26%. In other words, the price has decreased by -$7.26 from its previous closing price. On the day, 0.67 million shares were traded. NINE stock price reached its highest trading level at $1.255 during the session, while it also had its lowest trading level at $1.14.
Ratios:
Our goal is to gain a better understanding of NINE by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 2.89 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 18.22. 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:
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 Nov 12 ’24 when SCF-VII(A), L.P. bought 428,732 shares for $1.35 per share.
SCF-VII, L.P. bought 2,071,268 shares of NINE for $2,796,212 on Nov 12 ’24. On Nov 06 ’24, another insider, Fox Ann G, who serves as the insider of the company, sold 136,929 shares for $1.15 each. As a result, the insider received 157,331 and left with 561,006 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 48718368 and an Enterprise Value of 389191360. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.08. Its current Enterprise Value per Revenue stands at 0.699 whereas that against EBITDA is 8.438.
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 1.51%, while the 200-Day Moving Average is calculated to be -32.65%.
Shares Statistics:
The stock has traded on average 690.74K shares per day over the past 3-months and 1612250 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 31.27M. Insiders hold about 26.18% of the company’s shares, while institutions hold 45.78% stake in the company. Shares short for NINE as of 1730332800 were 3076259 with a Short Ratio of 4.45, compared to 1727654400 on 2343965. Therefore, it implies a Short% of Shares Outstanding of 3076259 and a Short% of Float of 9.819999.
