During the last session, Nine Energy Service Inc (NYSE:NINE)’s traded shares were 25.57 million, with the beta value of the company hitting 2.51. At the end of the trading day, the stock’s price was $1.14, reflecting an intraday gain of 49.20% or $0.38. The 52-week high for the NINE share is $2.02, that puts it down -77.19 from that peak though still a striking 61.4% gain since the share price plummeted to a 52-week low of $0.44. The company’s market capitalization is $48.28M, and the average trade volume was 2.07 million shares over the past three months.
Nine Energy Service Inc (NINE) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 5.00. NINE has a Sell rating from 0 analyst(s) out of 1 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it.
Nine Energy Service Inc (NYSE:NINE) trade information
Nine Energy Service Inc (NINE) registered a 49.20% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 49.20% in intraday trading to $1.14, hitting a weekly high. The stock’s 5-day price performance is 101.73%, and it has moved by 102.74% in 30 days. Based on these gigs, the overall price performance for the year is -22.97%.
The consensus price target of analysts on Wall Street is $18, which implies an increase of 93.67% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $18 and $18 respectively. As a result, NINE is trading at a discount of -1478.95% off the target high and -1478.95% off the low.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 31.69%. While earnings are projected to return 14.97% in 2025, the next five years will return 12.42% per annum.
NINE Dividends
Nine Energy Service Inc is due to release its next quarterly earnings on 2025-May-07. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Nine Energy Service Inc (NYSE:NINE)’s Major holders
Nine Energy Service Inc insiders own 16.98% of total outstanding shares while institutional holders control 29.41%, with the float percentage being 35.42%. SCF PARTNERS, INC. is the largest shareholder of the company, while 72.0 institutions own stock in it. As of 2024-06-30, the company held over 9.09 million shares (or 25.6133% of all shares), a total value of $15.27 million in shares.
The next largest institutional holding, with 3.4 million shares, is of GENDELL JEFFREY L’s that is approximately 9.5792% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $5.71 million.
