Nine Energy Service Inc (NYSE:NINE)’s traded shares stood at 1.08 million during the last session, with the company’s beta value hitting 3.30. At the close of trading, the stock’s price was $0.93, to imply a decrease of -8.63% or -$0.09 in intraday trading. The NINE share’s 52-week high remains $3.81, putting it -309.68% down since that peak but still an impressive -7.53% since price per share fell to its 52-week low of $1.00. The company has a valuation of $38.37M, with an average of 0.34 million shares in intraday trading volume over the past 10 days and average of 480.96K shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Nine Energy Service Inc (NINE), translating to a mean rating of 5.00. Of 1 analyst(s) looking at the stock, 0 analyst(s) give NINE a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 1 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.3.
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Nine Energy Service Inc (NYSE:NINE) trade information
After registering a -8.63% downside in the last session, Nine Energy Service Inc (NINE) has traded red over the past five days. The 5-day price performance for the stock is -10.38%, and -16.79% over 30 days. With these gigs, the year-to-date price performance is -65.22%. Short interest in Nine Energy Service Inc (NYSE:NINE) saw shorts transact 2.34 million shares and set a 8.04 days time to cover.
The extremes give us $18 and $18 for target low and target high price respectively. As such, NINE has been trading -1835.48% off suggested target high and -1835.48% from its likely low.
Nine Energy Service Inc (NINE) estimates and forecasts
Looking at statistics comparing Nine Energy Service Inc share performance against respective industry, we note that the company has underperformed competitors. Nine Energy Service Inc (NINE) shares are -59.65% down over the last 6 months, with its year-to-date growth rate lower than industry average at -53.75% against -8.60%. Revenue is forecast to grow 21.10% this quarter before falling -7.10% for the next one. The rating firms project that company’s revenue will shrink -11.10% compared to the previous financial year.
Revenue forecast for the current quarter as set by 1 analysts is 134.6M. Meanwhile, for the current quarter, a total of 1 analyst(s) estimate revenue growth to 133.9M.Earnings reports from the last fiscal year show that sales brought in 140.62M and 144.08M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -4.30% before dropping -7.10% in the following quarter.
NINE Dividends
Nine Energy Service Inc has its next earnings report out on 2024-Oct-31. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Nine Energy Service Inc (NYSE:NINE)’s Major holders
Nine Energy Service Inc insiders hold 30.15% of total outstanding shares, with institutional holders owning 49.70% of the shares at 71.15% float percentage. In total, 49.70% institutions holds shares in the company, led by SCF PARTNERS, INC.. As of 2024-06-30, the company held over 9.09 million shares (or 26.8443% of shares), all amounting to roughly $15.27 million.
The next major institution holding the largest number of shares is GENDELL JEFFREY L with 3.4 million shares, or about 10.0396% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $5.71 million.
