In the latest trading session,, 0.48 million Nine Energy Service Inc (NYSE:NINE) shares changed hands as the company’s beta touched 2.71. With the company’s most recent per share price at $0.81 changing hands around $0.04 or 4.50% at last look, the market valuation stands at $34.20M. NINE’s current price is a discount, trading about -149.38% off its 52-week high of $2.02. The share price had its 52-week low at $0.44, which suggests the last value was 45.68% up since then. When we look at Nine Energy Service Inc’s average trading volume, we note the 10-day average is 0.87 million shares, with the 3-month average coming to 3.40 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 (NYSE:NINE) trade information
Instantly NINE is in green as seen in intraday trades today. With action 1.23%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -51.92%, with the 5-day performance at 1.23% in the green. However, in the 30-day time frame, Nine Energy Service Inc (NYSE:NINE) is -30.97% down. Looking at the short shares, we see there were 3.19 million shares sold at short interest cover period of 0.38 days.
The consensus price target for the stock as assigned by Wall Street analysts is 18, meaning bulls need an upside of 95.5% from its recent 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 -2122.22% plunge from its current level, while the stock would need to soar -2122.22% for it to hit the projected low.
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 13.59%, but the outlook for the next 5-year period is at 11.81% per year.
NINE Dividends
Nine Energy Service Inc is expected to release its next quarterly earnings report on 2025-May-07.
Nine Energy Service Inc (NYSE:NINE)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 16.98% of Nine Energy Service Inc shares while 27.91% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 33.62%. There are 27.91% 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 Mar 31, 2025 were VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and VANGUARD INDEX FUNDS-Vanguard Extended Market Index Fund . With 609.23 shares estimated at $0.49 million under it, the former controlled 1.44% of total outstanding shares. On the other hand, VANGUARD INDEX FUNDS-Vanguard Extended Market Index Fund held about 0.65% of the shares, roughly 274.73 shares worth around $0.22 million.
