Nine Energy Service Inc (NYSE:NINE)’s traded shares stood at 0.58 million during the last session, with the company’s beta value hitting 3.58. At the close of trading, the stock’s price was $1.09, to imply a decrease of -1.80% or -$0.02 in intraday trading. The NINE share’s 52-week high remains $3.26, putting it -199.08% down since that peak but still an impressive 31.19% since price per share fell to its 52-week low of $0.75. The company has a valuation of $46.17M, with an average of 1.55 million shares in intraday trading volume over the past 10 days and average of 1.92 million 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 -0.24.
Nine Energy Service Inc (NYSE:NINE) trade information
After registering a -1.80% 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 -6.03%, and -17.42% over 30 days. With these gigs, the year-to-date price performance is -2.68%. Short interest in Nine Energy Service Inc (NYSE:NINE) saw shorts transact 2.65 million shares and set a 1.61 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 -1551.38% off suggested target high and -1551.38% from its likely low.
Nine Energy Service Inc (NINE) estimates and forecasts
The rating firms project that company’s revenue will shrink -10.26% compared to the previous financial year.
Revenue forecast for the current quarter as set by 1 analysts is 135M. Meanwhile, for the current quarter, a total of 1 analyst(s) estimate revenue growth to 136M.Earnings reports from the last fiscal year show that sales brought in 144.07M and 142.12M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -6.30% before dropping -4.31% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 14.91% for the past 5-year period. While 2025 is set for a -25.11% return in earnings, projections for the next 5 years are at 14.15% annually.
NINE Dividends
Nine Energy Service Inc has its next earnings report out in March. 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 30.84% of total outstanding shares, with institutional holders owning 24.10% of the shares at 34.85% float percentage. In total, 24.10% 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.
We also have Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund as the top two Mutual Funds with the largest holdings of the Nine Energy Service Inc (NINE) shares. Going by data provided on Sep 30, 2024 , Vanguard Total Stock Market Index Fund holds roughly 609.23 shares. This is just over 1.44% of the total shares, with a market valuation of $0.66 million. Data from the same date shows that the other fund manager holds a little less at 274.73, or 0.65% of the shares, all valued at about 0.3 million.
