In the latest trading session, 0.45 million Nine Energy Service Inc (NYSE:NINE) shares changed hands as the company’s beta touched 3.29. With the company’s most recent per share price at $1.24 changing hands around $0.11 or 9.73% at last look, the market valuation stands at $51.05M. NINE’s current price is a discount, trading about -261.29% off its 52-week high of $4.48. The share price had its 52-week low at $1.04, which suggests the last value was 16.13% up since then. When we look at Nine Energy Service Inc’s average trading volume, we note the 10-day average is 0.28 million shares, with the 3-month average coming to 410.89K.
Analysts gave the Nine Energy Service Inc (NINE) stock a consensus recommendation rating of Buy, calculated at a mean rating of 5.00. If we narrow down to specifics, the data shows that 0 out of 1 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended NINE as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Nine Energy Service Inc (NYSE:NINE) trade information
Instantly NINE is in green as seen in intraday trades today. With action 4.19%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -53.74%, with the 5-day performance at 4.19% in the green. However, in the 30-day time frame, Nine Energy Service Inc (NYSE:NINE) is 2.47% up. Looking at the short shares, we see there were 2.52 million shares sold at short interest cover period of 6.31 days.
The consensus price target for the stock as assigned by Wall Street analysts is 18, meaning bulls need an upside of 93.11% from its recent market value. According to analyst projections, NINE’s forecast low is 18 with 18 as the target high. To hit the forecast high, the stock’s price needs a -1351.61% plunge from its current level, while the stock would need to soar -1351.61% for it to hit the projected low.
Nine Energy Service Inc (NINE) estimates and forecasts
Data shows that the Nine Energy Service Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -47.90% over the past 6 months, a -62.50% in annual growth rate that is considerably lower than the industry average of -10.90%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 14.91%. The 2024 estimates are for Nine Energy Service Inc earnings to decrease by -42.86%.
NINE Dividends
Nine Energy Service Inc is expected to release its next quarterly earnings report on 2024-Oct-31.
Nine Energy Service Inc (NYSE:NINE)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 30.15% of Nine Energy Service Inc shares while 49.66% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 71.11%. There are 49.66% institutions holding the Nine Energy Service Inc stock share, with SCF PARTNERS, INC. the top institutional holder. As of 2024-06-30, the company held 26.8443% of the shares, roughly 9.09 million NINE shares worth $15.27 million.
GENDELL JEFFREY L holds the second largest percentage of outstanding shares, with 10.0396% or 3.4 million shares worth $5.71 million as of 2024-06-30.
Among Mutual Funds, the top two as of Jun 30, 2024 were Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund. With 609.23 shares estimated at $0.77 million under it, the former controlled 1.48% of total outstanding shares. On the other hand, Vanguard Extended Market Index Fund held about 0.67% of the shares, roughly 274.73 shares worth around $0.35 million.
