In the last trading session, 1.0 million Nine Energy Service Inc (NYSE:NINE) shares changed hands as the company’s beta touched 3.07. With the company’s per share price at $1.29 changed hands at $0.06 or 4.88% during last session, the market valuation stood at $54.63M. NINE’s last price was a discount, traded about -152.71% off its 52-week high of $3.26. The share price had its 52-week low at $0.75, which suggests the last value was 41.86% up since then. When we look at Nine Energy Service Inc’s average trading volume, we note the 10-day average is 0.79 million shares, with the 3-month average coming to 1.70 million.
Analysts gave the Nine Energy Service Inc (NINE) stock a consensus recommendation rating of Buy, calculated at a mean rating of 5.00. If we narrow down to specifics, the data shows that 0 out of 1 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended NINE as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight. Nine Energy Service Inc’s EPS for the current quarter is expected to be -0.16.
Nine Energy Service Inc (NYSE:NINE) trade information
Instantly NINE was in green as seen at the end of in last trading. With action 8.40%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 15.18%, with the 5-day performance at 8.40% in the green. However, in the 30-day time frame, Nine Energy Service Inc (NYSE:NINE) is 5.74% up. Looking at the short shares, we see there were 3.3 million shares sold at short interest cover period of 3.38 days.
The consensus price target for the stock as assigned by Wall Street analysts is 18, meaning bulls need an upside of 92.83% from its current market value. According to analyst projections, NINE’s forecast low is 18 with 18 as the target high. To hit the forecast high, the stock’s price needs a -1295.35% plunge from its current level, while the stock would need to soar -1295.35% for it to hit the projected low.
Nine Energy Service Inc (NINE) estimates and forecasts
Year-over-year growth is forecast to reach 8.25% up from the last financial year.
Consensus estimates given by 1 financial analysts project the company’s revenue in the current quarter to hit an average of 149.1M. 1 analysts are of the opinion that Nine Energy Service Inc’s revenue for the current quarter will be 151.8M. The company’s revenue for the corresponding quarters a year ago was 142.12M and 132.4M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 4.91%. The estimates for the next quarter sales put growth at 14.65%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 31.69%. The 2025 estimates are for Nine Energy Service Inc earnings to increase by 45.79%, but the outlook for the next 5-year period is at 34.92% per year.
NINE Dividends
Nine Energy Service Inc is expected to release its next quarterly earnings report on 2025-Mar-04.
Nine Energy Service Inc (NYSE:NINE)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 16.42% of Nine Energy Service Inc shares while 35.62% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 42.62%. There are 35.62% institutions holding the Nine Energy Service Inc stock share, with SCF PARTNERS, INC. the top institutional holder. As of 2024-06-30, the company held 25.6133% of the shares, roughly 9.09 million NINE shares worth $15.27 million.
GENDELL JEFFREY L holds the second largest percentage of outstanding shares, with 9.5792% or 3.4 million shares worth $5.71 million as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund . With 609.23 shares estimated at $0.79 million under it, the former controlled 1.44% of total outstanding shares. On the other hand, Vanguard Extended Market Index Fund held about 0.65% of the shares, roughly 274.73 shares worth around $0.35 million.
