Nine Energy Service Inc (NYSE:NINE) has a beta value of 3.37 and has seen 2.0 million shares traded in the last trading session. The company, currently valued at $70.69M, closed the last trade at $1.45 per share which meant it gained $0.19 on the day or 15.08% during that session. The NINE stock price is -124.83% off its 52-week high price of $3.26 and 48.28% above the 52-week low of $0.75. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.28 million shares traded. The 3-month trading volume is 746.99K shares.

The consensus among analysts is that Nine Energy Service Inc (NINE) is Buy stock at the moment, with a recommendation rating of 5.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 1 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.2.

Nine Energy Service Inc (NYSE:NINE) trade information

Sporting 15.08% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the NINE stock price touched $1.45 or saw a rise of 5.84%. Year-to-date, Nine Energy Service Inc shares have moved -45.90%, while the 5-day performance has seen it change 26.09%. Over the past 30 days, the shares of Nine Energy Service Inc (NYSE:NINE) have changed 42.16%. Short interest in the company has seen 3.08 million shares shorted with days to cover at 4.22.

Wall Street analysts have a consensus price target for the stock at $18, which means that the shares’ value could jump 91.94% from current levels. The projected low price target is $18.0 while the price target rests at a high of $18.0. In that case, then, we find that the current price level is -1141.38% off the targeted high while a plunge would see the stock gain -1141.38% from current levels.

Nine Energy Service Inc (NINE) estimates and forecasts

Figures show that Nine Energy Service Inc shares have underperformed across the wider relevant industry. The company’s shares have lost -12.65% over the past 6 months, with this year growth rate of -37.50%, compared to -7.90% for the industry. Revenue growth from the last financial year stood is estimated to be -10.19%.

1 analysts offering their estimates for the company have set an average revenue estimate of 134.7M for the current quarter.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 14.91% over the past 5 years.

NINE Dividends

Nine Energy Service Inc is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

Nine Energy Service Inc (NYSE:NINE)’s Major holders

Insiders own 28.66% of the company shares, while shares held by institutions stand at 46.71% with a share float percentage of 65.47%. Investors are also buoyed by the number of investors in a company, with Nine Energy Service Inc having a total of 67.0 institutions that hold shares in the company. The top two institutional holders are SCF PARTNERS, INC. with over 9.09 million shares worth more than $15.27 million. As of 2024-06-30, SCF PARTNERS, INC. held 26.8443% of shares outstanding.

The other major institutional holder is GENDELL JEFFREY L, with the holding of over 3.4 million shares as of 2024-06-30. The firm’s total holdings are worth over $5.71 million and represent 10.0396% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund . As of Jun 30, 2024 , the former fund manager holds about 1.44% shares in the company for having 609.23 shares of worth $0.88 million while later fund manager owns 274.73 shares of worth $0.4 million as of Jun 30, 2024 , which makes it owner of about 0.65% of company’s outstanding stock.