In last trading session, Nine Energy Service Inc (NYSE:NINE) saw 1.13 million shares changing hands with its beta currently measuring 3.41. Company’s recent per share price level of $1.59 trading at $0.18 or 12.77% at ring of the bell on the day assigns it a market valuation of $75.96M. That closing price of NINE’s stock is at a discount of -105.03% from its 52-week high price of $3.26 and is indicating a premium of 52.83% from its 52-week low price of $0.75. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.36 million shares which gives us an average trading volume of 798.69K if we extend that period to 3-months.
For Nine Energy Service Inc (NINE), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 5.00. Splitting up the data highlights that, out of 1 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.2 in the current quarter.
Nine Energy Service Inc (NYSE:NINE) trade information
Upright in the green during last session for gaining 12.77%, in the last five days NINE remained trading in the green while hitting it’s week-highest on Monday, 11/25/24 when the stock touched $1.59 price level, adding 10.67% to its value on the day. Nine Energy Service Inc’s shares saw a change of -40.67% in year-to-date performance and have moved 34.75% in past 5-day. Nine Energy Service Inc (NYSE:NINE) showed a performance of 93.97% in past 30-days. Number of shares sold short was 4.09 million shares which calculate 3.95 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 18 to the stock, which implies a rise of 91.17% to its current value. Analysts have been projecting 18 as a low price target for the stock while placing it at a high target of 18. It follows that stock’s current price would drop -1032.08% in reaching the projected high whereas dropping to the targeted low would mean a loss of -1032.08% for stock’s current value.
Nine Energy Service Inc (NINE) estimates and forecasts
Statistics highlight that Nine Energy Service Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -5.36% of value to its shares in past 6 months, showing an annual growth rate of -37.50% while that of industry is -8.00. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -10.19% from the last financial year’s standing.
1 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 134.7M for the same.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 14.91% during past 5 years.
Nine Energy Service Inc (NYSE:NINE)’s Major holders
Insiders are in possession of 30.92% of company’s total shares while institution are holding 46.71 percent of that, with stock having share float percentage of 67.62%. Investors also watch the number of corporate investors in a company very closely, which is 46.71% institutions for Nine Energy Service Inc that are currently holding shares of the company. SCF PARTNERS, INC. is the top institutional holder at NINE for having 9.09 million shares of worth $15.27 million. And as of 2024-06-30, it was holding 26.8443 of the company’s outstanding shares.
The second largest institutional holder is GENDELL JEFFREY L, which was holding about 3.4 million shares on 2024-06-30. The number of shares represents firm’s hold over 10.0396 of outstanding shares, having a total worth of $5.71 million.
On the other hand, Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund are the top two Mutual Funds which own company’s shares. As of Jun 30, 2024 , the former fund manager was holding 609.23 shares of worth $0.97 million or 1.44% of the total outstanding shares. The later fund manager was in possession of 274.73 shares on Jun 30, 2024 , making its stake of worth around $0.44 million in the company or a holder of 0.65% of company’s stock.
