The stock of Nine Energy Service Inc (NINE) has gone down by -0.42% for the week, with a 12.98% rise in the past month and a -5.24% drop in the past quarter. The volatility ratio for the week is 12.89%, and the volatility levels for the past 30 days are 13.75% for NINE. The simple moving average for the past 20 days is 6.11% for NINE’s stock, with a -30.74% simple moving average for the past 200 days.
Is It Worth Investing in Nine Energy Service Inc (NYSE: NINE) Right Now?
Additionally, the 36-month beta value for NINE is 3.34. 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 1 rating it as “sell.”
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The public float for NINE is 31.27M and currently, short sellers hold a 9.84% ratio of that float. The average trading volume of NINE on November 19, 2024 was 699.80K shares.
NINE) stock’s latest price update
Nine Energy Service Inc (NYSE: NINE)’s stock price has soared by 2.17 in relation to previous closing price of 1.15. Nevertheless, the company has seen a loss of -0.42% in its stock price over the last five trading days. newsfilecorp.com reported 2024-11-15 that Vancouver, British Columbia–(Newsfile Corp. – November 15, 2024) – NINE MILE METALS LTD. (CSE: NINE) (OTC Pink: VMSXF) (FSE: KQ9) (the “Company” or “Nine Mile”) is issuing the following press release to provide an update to its press release dated September 3, 2024, (click here) and to announce the closing of its private placement to raise $53,332 (the “Private Placement”) through the issuance of an aggregate of 1,066,640 units (each a “Unit”) at a price of $0.05 per Unit.
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 3.42% 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 -63.96% of loss for the given period.
Volatility was left at 13.75%, however, over the last 30 days, the volatility rate increased by 12.89%, as shares surge +12.02% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.91% upper at present.
During the last 5 trading sessions, NINE fell by -1.27%, which changed the moving average for the period of 200-days by -48.22% in comparison to the 20-day moving average, which settled at $1.1069. In addition, Nine Energy Service Inc saw -56.16% 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 SCF-VII(A), L.P., who proposed sale 428,732 shares at the price of $1.35 back on Nov 12 ’24. After this action, SCF-VII(A), L.P. now owns shares of Nine Energy Service Inc, valued at $578,788 using the latest closing price.
SCF-VII, L.P., the 10% Owner of Nine Energy Service Inc, proposed sale 2,071,268 shares at $1.35 during a trade that took place back on Nov 12 ’24, which means that SCF-VII, L.P. is holding shares at $2,796,212 based on the most recent closing price.
Stock Fundamentals for NINE
Current profitability levels for the company are sitting at:
- 0.02 for the present operating margin
- 0.11 for the gross margin
The net margin for Nine Energy Service Inc stands at -0.08. The total capital return value is set at 0.03.
Based on Nine Energy Service Inc (NINE), the company’s capital structure generated 1.21 points at debt to capital in total, while cash flow to debt ratio is standing at 0.07. The debt to equity ratio resting at -5.72. The interest coverage ratio of the stock is 0.18.
Currently, EBITDA for the company is 72.67 million with net debt to EBITDA at 5.68. When we switch over and look at the enterprise to sales, we see a ratio of 0.7. The receivables turnover for the company is 6.98for trailing twelve months and the total asset turnover is 1.58. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.46.
Conclusion
In conclusion, Nine Energy Service Inc (NINE) has seen bad 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.
