The stock of Nine Energy Service Inc (NYSE: NINE) has increased by 8.07 when compared to the last closing price of 2.54. Despite this, the company has seen a loss of -2.66% in its stock price over the last five trading days. Business Wire reported on 2024-04-05 that HOUSTON–(BUSINESS WIRE)–Nine Energy Service Announces Timing of First Quarter 2024 Earnings Release and Conference Call.
Is It Worth Investing in Nine Energy Service Inc (NYSE: NINE) Right Now?
Additionally, the 36-month beta value for NINE is 3.36. There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 2 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
The public float for NINE is 28.84M and currently, short sellers hold a 13.32% ratio of that float. The average trading volume of NINE on April 19, 2024, was 639.95K shares.
NINE’s Market Performance
NINE stock saw an increase of -2.66% in the past week, with a monthly gain of 25.34% and a quarterly increase of 17.31%. The volatility ratio for the week is 10.02%, and the volatility levels for the last 30 days are 8.72% for Nine Energy Service Inc (NINE). The simple moving average for the past 20 days is 9.10% for NINE’s stock, with a -14.10% 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 “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 19.30% 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 -50.85% of loss for the given period.
Volatility was left at 8.72%, however, over the last 30 days, the volatility rate increased by 10.02%, as shares surge +24.77% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +28.30% upper at present.
During the last 5 trading sessions, NINE fell by -3.55%, which changed the moving average for the period of 200-days by -28.80% in comparison to the 20-day moving average, which settled at $2.54. In addition, Nine Energy Service Inc saw 2.43% in overturn over a single year, with a tendency to cut further gains.
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 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 0.71. 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
In conclusion, Nine Energy Service Inc (NINE) has seen mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. 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.
