In last trading session, Nine Energy Service Inc (NYSE:NINE) saw 0.57 million shares changing hands with its beta currently measuring 3.58. Company’s recent per share price level of $1.20 trading at -$0.06 or -4.76% at ring of the bell on the day assigns it a market valuation of $50.84M. That closing price of NINE’s stock is at a discount of -171.67% from its 52-week high price of $3.26 and is indicating a premium of 37.5% from its 52-week low price of $0.75.
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.
Nine Energy Service Inc (NYSE:NINE) trade information
Upright in the red during last session for losing -4.76%, in the last five days NINE remained trading in the red while hitting it’s week-highest on Friday, 02/21/25 when the stock touched $1.20 price level, adding 6.98% to its value on the day. Nine Energy Service Inc’s shares saw a change of 7.14% in year-to-date performance and have moved -1.64% in past 5-day. Nine Energy Service Inc (NYSE:NINE) showed a performance of -18.92% in past 30-days.
Wall Street analysts have assigned a consensus price target of 18 to the stock, which implies a rise of 93.33% 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 -1400.0% in reaching the projected high whereas dropping to the targeted low would mean a loss of -1400.0% for stock’s current value.
Nine Energy Service Inc (NINE) estimates and forecasts
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. In 2025, company’s earnings growth rate is likely to be around -25.11% while estimates for its earnings growth in next 5 years are of 14.15%.
Nine Energy Service Inc (NYSE:NINE)’s Major holders
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 25.6133 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 9.5792 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 Sep 30, 2024 , the former fund manager was holding 609.23 shares of worth $0.73 million or 1.44% of the total outstanding shares. The later fund manager was in possession of 274.73 shares on Sep 30, 2024 , making its stake of worth around $0.33 million in the company or a holder of 0.65% of company’s stock.
