Nine Energy Service Inc (NYSE: NINE) is -5.60% lower on its value in year-to-date trading and has touched a low of $1.78 and a high of $6.73 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 $2.38 in the last trading session, with the day’s gains setting it 0.15%.
Currently trading at $2.53, the stock is 16.06% and 13.40% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.85 million and changing 6.30% at the moment leaves the stock -21.96% off its SMA200. NINE registered -54.50% loss for a year compared to 6-month loss of -29.33%. The firm has a 50-day simple moving average (SMA 50) of $0.69 and a 200-day simple moving average (SMA200) of $5.77.
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The stock witnessed a 24.02% gain in the last 1 month and extending the period to 3 months gives it a -8.66%, and is 19.34% up 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 8.78% over the week and 7.58% over the month.
Nine Energy Service Inc (NINE) has around 1157 employees, a market worth around $89.36M and $609.53M in sales. Profit margin for the company is -5.28%. Distance from 52-week low is 41.74% and -62.41% from its 52-week high. The company has generated returns on investments over the last 12 months (-10.15%).
Nine Energy Service Inc quarterly earnings per share for the current quarter are estimated at -$0.32 with sales reaching $141.9M over the same period.The EPS is expected to grow by 31.92% this year, but quarterly earnings will post 1.00% year-over-year. Quarterly sales are estimated to shrink -13.20% in year-over-year returns.
78 institutions hold shares in Nine Energy Service Inc (NINE), with institutional investors hold 71.06% of the company’s shares. The shares outstanding are 35.32M, and float is at 28.84M with Short Float at 9.92%. Institutions hold 57.74% of the Float.
The top institutional shareholder in the company is SCF Partners, Inc. with over 9.09 million shares valued at $34.8 million. The investor’s holdings represent 25.71% of the NINE Shares outstanding. As of Jun 29, 2023, the second largest holder is Gendell, Jeffrey L. with 2.69 million shares valued at $10.3 million to account for 7.60% of the shares outstanding. The other top investors are Clarity Financial, LLC which holds 1.61 million shares representing 4.55% and valued at over $6.62 million, while Renaissance Technologies, LLC holds 2.53% of the shares totaling 0.89 million with a market value of $3.42 million.
Nine Energy Service Inc (NINE) Insider Activity
The most recent transaction is an insider sale by Sirkes Guy, the company’s. SEC filings show that Sirkes Guy sold 16,709 shares of the company’s common stock on Mar 13 ’24 at a price of $2.19 per share for a total of $36609.0. Following the sale, the insider now owns 0.12 million shares.
Nine Energy Service Inc disclosed in a document filed with the SEC on Mar 12 ’24 that Fox Ann G () sold a total of 216,704 shares of the company’s common stock. The trade occurred on Mar 12 ’24 and was made at $2.17 per share for $0.47 million. Following the transaction, the insider now directly holds 0.51 million shares of the NINE stock.
Still, SEC filings show that on Aug 11 ’23, Crombie David () disposed off 40,657 shares at an average price of $4.60 for $0.19 million. The insider now directly holds 209,075 shares of Nine Energy Service Inc (NINE).
