Moreover, the 36-month beta value for NINE is 3.30. 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 30.12M and currently, short sellers hold a 7.78% of that float. On October 16, 2024, NINE’s average trading volume was 501.97K shares.
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NINE) stock’s latest price update
The stock price of Nine Energy Service Inc (NYSE: NINE) has dropped by -8.55 compared to previous close of 1.17. Despite this, the company has seen a fall of -12.30% in its stock price over the last five trading days. zacks.com reported 2024-10-08 that Buy energy stocks like Sasol (SSL), Core Lab (CLB) and Nine Energy (NINE) for steady returns in a volatile macroeconomic environment.
NINE’s Market Performance
Nine Energy Service Inc (NINE) has experienced a -12.30% fall in stock performance for the past week, with a -3.60% drop in the past month, and a -39.89% drop in the past quarter. The volatility ratio for the week is 6.48%, and the volatility levels for the past 30 days are at 8.23% for NINE. The simple moving average for the past 20 days is -10.20% for NINE’s stock, with a -42.87% 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 -12.12% 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 -74.61% of loss for the given period.
Volatility was left at 8.23%, however, over the last 30 days, the volatility rate increased by 6.48%, as shares sank -8.55% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -33.12% lower at present.
During the last 5 trading sessions, NINE fell by -12.30%, which changed the moving average for the period of 200-days by -61.65% in comparison to the 20-day moving average, which settled at $1.1915. In addition, Nine Energy Service Inc saw -60.07% 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 Crombie David, who sale 17,320 shares at the price of $1.36 back on Aug 12 ’24. After this action, Crombie David now owns 286,799 shares of Nine Energy Service Inc, valued at $23,521 using the latest closing price.
Luz S. Brett, the Chief Accounting Officer of Nine Energy Service Inc, sale 2,894 shares at $1.36 during a trade that took place back on Aug 12 ’24, which means that Luz S. Brett is holding 99,269 shares at $3,930 based on the most recent closing price.
Stock Fundamentals for NINE
Current profitability levels for the company are sitting at:
- 0.01 for the present operating margin
- 0.1 for the gross margin
The net margin for Nine Energy Service Inc stands at -0.08. The total capital return value is set at 0.02.
Based on Nine Energy Service Inc (NINE), the company’s capital structure generated 1.18 points at debt to capital in total, while cash flow to debt ratio is standing at 0.06. The debt to equity ratio resting at -6.64. The interest coverage ratio of the stock is 0.12.
Currently, EBITDA for the company is 73.51 million with net debt to EBITDA at 5.59. When we switch over and look at the enterprise to sales, we see a ratio of 0.67. The receivables turnover for the company is 6.57for trailing twelve months and the total asset turnover is 1.46. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.15.
Conclusion
To wrap up, the performance of Nine Energy Service Inc (NINE) has been bad 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.
