Nine Energy Service Inc (NYSE:NINE) has a beta value of 2.48 and has seen 25.55 million shares traded in the last trading session. The company, currently valued at $49.55M, closed the last trade at $1.17 per share which meant it gained $0.14 on the day or 13.59%% during that session. The NINE stock price is -72.65% off its 52-week high price of $2.02 and 62.39% above the 52-week low of $0.44. If we look at the company’s 10-day average daily trading volume, we find that it stood at 15.1 million shares traded. The 3-month trading volume is 2.62 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.
Nine Energy Service Inc (NYSE:NINE) trade information
Sporting 13.59%% in the green in last session, 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 $1.17 or saw a rise of 24.52%. Year-to-date, Nine Energy Service Inc shares have moved -20.95%, while the 5-day performance has seen it change 59.36%. Over the past 30 days, the shares of Nine Energy Service Inc (NYSE:NINE) have changed 131.13%. Short interest in the company has seen 2.69 million shares shorted with days to cover at 3.11.
Wall Street analysts have a consensus price target for the stock at $18, which means that the shares’ value could jump 93.5% from current levels. 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 current price level is -1438.46% off the targeted high while a plunge would see the stock gain -1438.46% from current levels.
Nine Energy Service Inc (NINE) estimates and forecasts
The company’s shares have gained 18.18% over the past 6 months.
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 31.69% over the past 5 years. Earnings growth for 2025 is a modest 14.97% while over the next 5 years, the company’s earnings are expected to increase by 12.42%.
NINE Dividends
Nine Energy Service Inc is expected to release its next earnings report on 2025-May-07 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 16.98% of the company shares, while shares held by institutions stand at 29.41% with a share float percentage of 35.42%. Investors are also buoyed by the number of investors in a company, with Nine Energy Service Inc having a total of 72.0 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 25.6133% 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 9.5792% of shares outstanding.
