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Nine Energy Service Inc. (NINE) down -7.91% since start of the year

Nine Energy Service Inc. (NYSE: NINE) is -7.91% lower on its value in year-to-date trading and has touched a low of $0.91 and a high of $17.10 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The NINE stock was last observed hovering at around $14.83 in the last trading session, with the day’s loss setting it -1.45% off its average median price target of $18.00 for the next 12 months. It is also 25.67% off the consensus price target high of $18.00 offered by 2 analysts, but current levels are 25.67% higher than the price target low of $18.00 for the same period.

Currently trading at $13.38, the stock is -3.10% and 19.72% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.3 million and changing -9.78% at the moment leaves the stock 157.80% off its SMA200. NINE registered 1116.36% gain for a year compared to 6-month gain of 502.70%.

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The stock witnessed a 26.82% loss in the last 1 month and extending the period to 3 months gives it a 223.19%, and is -18.17% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 12.15% over the week and 11.66% over the month.

Nine Energy Service Inc. (NINE) has around 944 employees, a market worth around $438.86M and $531.80M in sales. Fwd P/E is 5.97. Profit margin for the company is -1.80%. Distance from 52-week low is 1370.49% and -21.75% from its 52-week high. The company has generated returns on investments over the last 12 months (-10.90%).

Nine Energy Service Inc. (NINE) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Nine Energy Service Inc. (NINE) is a “Overweight”. 2 analysts offering their recommendations for the stock have an average rating of 2.50, where 1 rate it as a Hold and 0 think it is a “Overweight”. 1 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Nine Energy Service Inc. is expected to release its quarterly report on 05/10/2023.The EPS is expected to grow by 83.30% this year.

Nine Energy Service Inc. (NINE) Top Institutional Holders

The shares outstanding are 31.10M, and float is at 15.49M with Short Float at 14.90%.

Nine Energy Service Inc. (NINE) Insider Activity

A total of 15 insider transactions have happened at Nine Energy Service Inc. (NINE) in the last six months, with sales accounting for 15 and purchases happening 0 times. The most recent transaction is an insider sale by Frazier Warren Lynn,the company’s10% Owner. SEC filings show that Frazier Warren Lynn sold 100,000 shares of the company’s common stock on Jan 17 at a price of $14.99 per share for a total of $1.5 million. Following the sale, the insider now owns 3.35 million shares.

Nine Energy Service Inc. disclosed in a document filed with the SEC on Dec 22 that Frazier Warren Lynn (10% Owner) sold a total of 300,000 shares of the company’s common stock. The trade occurred on Dec 22 and was made at $12.34 per share for $3.7 million. Following the transaction, the insider now directly holds 3.45 million shares of the NINE stock.

Still, SEC filings show that on Dec 01, Frazier Warren Lynn (10% Owner) disposed off 21,958 shares at an average price of $10.81 for $0.24 million. The insider now directly holds 3,749,087 shares of Nine Energy Service Inc. (NINE).

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