Nine Energy Service Inc (NYSE:NINE) has a beta value of 3.51 and has seen 1.04 million shares traded in the recent trading session. The company, currently valued at $65.97M, closed the recent trade at $1.34 per share which meant it lost -$0.09 on the day or -6.34% during that session. The NINE stock price is -143.28% off its 52-week high price of $3.26 and 44.03% 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 1.69 million shares traded. The 3-month trading volume is 1.15 million 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 -0.24.
Nine Energy Service Inc (NYSE:NINE) trade information
Sporting -6.34% in the red today, 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 $1.34 or saw a rise of 15.72%. Year-to-date, Nine Energy Service Inc shares have moved 19.59%, while the 5-day performance has seen it change 31.31%. Over the past 30 days, the shares of Nine Energy Service Inc (NYSE:NINE) have changed -13.03%. Short interest in the company has seen 3.79 million shares shorted with days to cover at 3.41.
Wall Street analysts have a consensus price target for the stock at $18, which means that the shares’ value could jump 92.56% from the levels at last check today. 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 latest price level in today’s session is -1243.28% off the targeted high while a plunge would see the stock gain -1243.28% from the levels at last check today.
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 -19.80% over the past 6 months, with this year growth rate of -40.00%, compared to -9.00% for the industry. Revenue growth from the last financial year stood is estimated to be -10.26%.
1 analysts offering their estimates for the company have set an average revenue estimate of 135M for the current quarter. 1 have an estimated revenue figure of 136M for the next ending quarter. Year-ago sales stood 144.07M and 142.12M respectively for this quarter and the next, and analysts expect sales will shrink by -6.30% for the current quarter and -10.26% for the next.
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 February 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 30.84% of the company shares, while shares held by institutions stand at 31.94% with a share float percentage of 46.19%. 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.
