Nine Energy Service Inc (NYSE: NINE) is -68.10% lower on its value in year-to-date trading and has touched a low of $0.91 and a high of $3.71 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 $0.93 in the last trading session, with the day’s loss setting it -0.08%.
Currently trading at $0.85, the stock is -23.50% and -25.76% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.18 million and changing -8.28% at the moment leaves the stock -52.49% off its SMA200. NINE registered -75.85% loss for a year compared to 6-month loss of -62.67%. The firm has a 50-day simple moving average (SMA 50) of $1.15134 and a 200-day simple moving average (SMA200) of $1.799085.
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The stock witnessed a -25.67% gain in the last 1 month and extending the period to 3 months gives it a -53.54%, and is -17.81% 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 8.93% over the week and 9.01% over the month.
Nine Energy Service Inc (NINE) has around 1157 employees, a market worth around $35.19M and $559.21M in sales. Profit margin for the company is -8.17%. Distance from 52-week low is -6.08% and -76.96% from its 52-week high. The company has generated returns on investments over the last 12 months (-15.34%).
with sales reaching $134.6M over the same period.The EPS is expected to shrink by -37.28% this year, but quarterly earnings will post -11.10% year-over-year. Quarterly sales are estimated to shrink -4.30% in year-over-year returns.
Nine Energy Service Inc (NINE) Top Institutional Holders
69.0 institutions hold shares in Nine Energy Service Inc (NINE), with institutional investors hold 71.15% of the company’s shares. The shares outstanding are 35.32M, and float is at 30.12M with Short Float at 8.55%. Institutions hold 49.70% of the Float.
The top institutional shareholder in the company is SCF PARTNERS, INC. with over 9.09 million shares valued at $15.27 million. The investor’s holdings represent 26.8443% of the NINE Shares outstanding. As of 2024-06-30, the second largest holder is GENDELL JEFFREY L with 3.4 million shares valued at $5.71 million to account for 10.0396 of the shares outstanding. The other top investors are CLARITY FINANCIAL LLC which holds 2.47 million shares representing 7.2909% and valued at over $4.15 million, while VANGUARD GROUP INC holds 2.6255 of the shares totaling 0.89 million with a market value of $1.49 million.
Nine Energy Service Inc (NINE) Insider Activity
The most recent transaction is an insider sale by Crombie David. SEC filings show that Crombie David sold 17,320 shares of the company’s common stock on Aug 12 ’24 at a price of $1.36 per share for a total of $23521.0. Following the sale, the insider now owns 0.29 million shares.
Nine Energy Service Inc disclosed in a document filed with the SEC on Aug 12 ’24 that Luz S. Brett (Chief Accounting Officer) sold a total of 2,894 shares of the company’s common stock. The trade occurred on Aug 12 ’24 and was made at $1.36 per share for $3930.0. Following the transaction, the insider now directly holds 99269.0 shares of the NINE stock.
Still, SEC filings show that on Aug 12 ’24, MOORE THEODORE R. () disposed off 9,594 shares at an average price of $1.36 for $13029.0. The insider now directly holds 180,936 shares of Nine Energy Service Inc (NINE).
