Nine Energy Service Inc (NYSE: NINE) is -52.99% lower on its value in year-to-date trading and has touched a low of $0.75 and a high of $3.26 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 $1.18 in the last trading session, with the day’s gains setting it 0.08%.
Currently trading at $1.26, the stock is 11.79% and 10.37% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.59 million and changing 6.78% at the moment leaves the stock -25.32% off its SMA200. NINE registered -38.54% loss for a year compared to 6-month loss of -23.17%. The firm has a 50-day simple moving average (SMA 50) of $1.13806 and a 200-day simple moving average (SMA200) of $1.691515.
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The stock witnessed a 22.33% gain in the last 1 month and extending the period to 3 months gives it a 0.00%, and is 1.61% 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 10.49% over the week and 14.69% over the month.
Nine Energy Service Inc (NINE) has around 1157 employees, a market worth around $53.38M and $556.75M in sales. Profit margin for the company is -7.64%. Distance from 52-week low is 67.75% and -61.35% from its 52-week high. The company has generated returns on investments over the last 12 months (-14.77%).
The EPS is expected to shrink by -25.00% this year
67.0 institutions hold shares in Nine Energy Service Inc (NINE), with institutional investors hold 65.47% of the company’s shares. The shares outstanding are 35.32M, and float is at 31.27M with Short Float at 9.84%. Institutions hold 46.71% 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
Still, SEC filings show that on Nov 06 ’24, Fox Ann G (See Remarks) disposed off 136,929 shares at an average price of $1.15 for $0.16 million. The insider now directly holds 561,006 shares of Nine Energy Service Inc (NINE).
