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Nine Energy Service Inc (NYSE: NINE) closed the day trading at $1.80 down -4.76% from the previous closing price of $1.89. In other words, the price has decreased by -$4.76 from its previous closing price. On the day, 0.64 million shares were traded. NINE stock price reached its highest trading level at $1.93 during the session, while it also had its lowest trading level at $1.73.
Ratios:
For a better understanding of NINE, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 6.21 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 7.10. 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:
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 Jun 17 ’24 when MONROE WILLIAM bought 25,000 shares for $1.47 per share. The transaction valued at 36,750 led to the insider holds 3,429,638 shares of the business.
MONROE WILLIAM bought 251,999 shares of NINE for $370,439 on Jun 14 ’24. The 10% Owner now owns 3,404,638 shares after completing the transaction at $1.47 per share. On Jun 13 ’24, another insider, MONROE WILLIAM, who serves as the 10% Owner of the company, bought 152,639 shares for $1.46 each. As a result, the insider paid 222,853 and bolstered with 3,152,639 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 63584820 and an Enterprise Value of 413572736. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.11. Its current Enterprise Value per Revenue stands at 0.703 whereas that against EBITDA is 7.405.
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 $1.37. The 50-Day Moving Average of the stock is 7.24%, while the 200-Day Moving Average is calculated to be -20.70%.
Shares Statistics:
Over the past 3-months, NINE traded about 622.98K shares per day on average, while over the past 10 days, NINE traded about 474340 shares per day. A total of 35.32M shares are outstanding, with a floating share count of 24.65M. Insiders hold about 30.23% of the company’s shares, while institutions hold 56.95% stake in the company. Shares short for NINE as of 1721001600 were 2885196 with a Short Ratio of 4.63, compared to 1718323200 on 3187464. Therefore, it implies a Short% of Shares Outstanding of 2885196 and a Short% of Float of 11.87.
