Nine Energy Service Inc (NINE) Stock: Evaluating the Market Performance

Moreover, the 36-month beta value for NINE is 3.46. Analysts have varying opinions on the stock, with 4 analysts rating it as a “buy,” 2 as “overweight,” 1 as “hold,” and 0 as “sell.”

The public float for NINE is 28.84M and currently, short sellers hold a 9.92% of that float. On April 03, 2024, NINE’s average trading volume was 632.08K shares.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

NINE) stock’s latest price update

The stock of Nine Energy Service Inc (NYSE: NINE) has increased by 7.21 when compared to last closing price of 2.22.Despite this, the company has seen a gain of 10.19% in its stock price over the last five trading days. Seeking Alpha reported 2024-03-08 that Nine Energy Service, Inc. (NYSE:NINE ) Q4 2023 Earnings Conference Call March 8, 2024 10:00 AM ET Company Participants Heather Schmidt – VP of Strategic Development & IR Ann Fox – President & Chief Executive Officer Guy Sirkes – SVP & CFO Conference Call Participants Waqar Syed – ATB Capital Markets Timothy Moore – EF Hutton Operator Greetings, and welcome to Nine Energy Service Fourth Quarter and Full Year 2023 Conference Call. At this time, all participants are in a listen-only mode.

NINE’s Market Performance

NINE’s stock has risen by 10.19% in the past week, with a monthly rise of 5.31% and a quarterly drop of -11.19%. The volatility ratio for the week is 8.08% while the volatility levels for the last 30 days are 7.74% for Nine Energy Service Inc The simple moving average for the past 20 days is 10.03% for NINE’s stock, with a -26.68% simple moving average for the past 200 days.

Analysts’ Opinion of NINE

Many brokerage firms have already submitted their reports for NINE stocks, with Citigroup repeating the rating for NINE by listing it as a “Neutral.” The predicted price for NINE in the upcoming period, according to Citigroup is $3 based on the research report published on December 15, 2020 of the previous year 2020.

Goldman gave a rating of “Neutral” to NINE, setting the target price at $1.25 in the report published on March 27th of the previous year.

NINE Trading at 6.72% from the 50-Day Moving Average

After a stumble in the market that brought NINE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -64.64% of loss for the given period.

Volatility was left at 7.74%, however, over the last 30 days, the volatility rate increased by 8.08%, as shares surge +16.67% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.71% upper at present.

During the last 5 trading sessions, NINE rose by +10.19%, which changed the moving average for the period of 200-days by -25.86% in comparison to the 20-day moving average, which settled at $2.18. In addition, Nine Energy Service Inc saw -11.19% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at NINE starting from Sirkes Guy, who sale 16,709 shares at the price of $2.19 back on Mar 13 ’24. After this action, Sirkes Guy now owns 117,918 shares of Nine Energy Service Inc, valued at $36,609 using the latest closing price.

Fox Ann G, the of Nine Energy Service Inc, sale 216,704 shares at $2.17 during a trade that took place back on Mar 12 ’24, which means that Fox Ann G is holding 508,783 shares at $470,248 based on the most recent closing price.

Stock Fundamentals for NINE

Current profitability levels for the company are sitting at:

  • 0.03 for the present operating margin
  • 0.13 for the gross margin

The net margin for Nine Energy Service Inc stands at -0.05. The total capital return value is set at 0.06.

Based on Nine Energy Service Inc (NINE), the company’s capital structure generated 1.12 points at debt to capital in total, while cash flow to debt ratio is standing at 0.14. The debt to equity ratio resting at -9.37. The interest coverage ratio of the stock is 0.37.

Currently, EBITDA for the company is 73.51 million with net debt to EBITDA at 4.55. When we switch over and look at the enterprise to sales, we see a ratio of 0.69. The receivables turnover for the company is 6.85for trailing twelve months and the total asset turnover is 1.44. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.22.

Conclusion

To wrap up, the performance of Nine Energy Service Inc (NINE) has been mixed in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.

Related Posts