During the last session, Nine Energy Service Inc (NYSE:NINE)’s traded shares were 1.22 million, with the beta value of the company hitting 3.35. The 52-week high for the NINE share is $3.26, that puts it down -176.27 from that peak though still a striking 36.44% gain since the share price plummeted to a 52-week low of $0.75. The company’s market capitalization is $49.99M, and the average intraday trading volume over the past 10 days was 1.76 million shares, and the average trade volume was 717.43K shares over the past three months.
Nine Energy Service Inc (NINE) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 5.00. NINE has a Sell rating from 0 analyst(s) out of 1 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.2.
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Nine Energy Service Inc (NYSE:NINE) trade information
The stock’s 5-day price performance is -4.84%, and it has moved by 13.46% in 30 days. Based on these gigs, the overall price performance for the year is -44.86%. The short interest in Nine Energy Service Inc (NYSE:NINE) is 3.08 million shares and it means that shorts have 4.22 day(s) to cover.
The consensus price target of analysts on Wall Street is $18, which implies an increase of 93.44% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $18 and $18 respectively. As a result, NINE is trading at a discount of -1425.42% off the target high and -1425.42% off the low.
Nine Energy Service Inc (NINE) estimates and forecasts
Statistics show that Nine Energy Service Inc has underperformed its competitors in share price, compared to the industry in which it operates. Nine Energy Service Inc (NINE) shares have gone down -32.57% during the last six months, with a year-to-date growth rate less than the industry average at -37.50% against -8.10. In the rating firms’ projections, revenue will increase 2.90% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 134.7M as predicted by 1 analyst(s). Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to 547.4M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 144.07M and 609.53M respectively. In this case, analysts expect current quarter sales to shrink by -6.51% and then drop by -10.19% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 14.91%. While earnings are projected to return -25.00% in 2024.
NINE Dividends
Nine Energy Service Inc is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Nine Energy Service Inc (NYSE:NINE)’s Major holders
Nine Energy Service Inc insiders own 28.66% of total outstanding shares while institutional holders control 46.71%, with the float percentage being 65.47%. SCF PARTNERS, INC. is the largest shareholder of the company, while 67.0 institutions own stock in it. As of 2024-06-30, the company held over 9.09 million shares (or 26.8443% of all shares), a total value of $15.27 million in shares.
The next largest institutional holding, with 3.4 million shares, is of GENDELL JEFFREY L’s that is approximately 10.0396% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $5.71 million.
