Is Wall Street High Or Low On Nine Energy Service Inc. (NINE)?


Nine Energy Service Inc. (NYSE:NINE) traded with an addition of $0.53 to close at $13.94 on Friday, an upside of 3.93 percent. An average of 1,681,311 shares of common stock have been traded in the last five days. There was a gain of $1.85 in the past week, and it reached a new high 19 times over the past 12 months. The last 20 days have seen an average of 1,535,028 shares traded, while the 50-day average volume stands at 1,687,231.

NINE stock has increased by 39.83% in the last month. The company shares reached their 1-month lowest point of $8.28 on 12/12/22. With the stock rallying to its 52-week high on 12/27/22, shares of the company touched a low of $0.90 and a high of $14.24 in 52 weeks. It has reached a new high 18 times so far this year and achieved 1241.00% or $12.92 in price. In spite of this, the price is down -2.12% from the 52-week high.

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Insider Transactions

NINE stock investors should be aware that Nine Energy Service Inc. (NINE) stock had its last reported insider trading activity 8 days ago on Dec 22. In this transaction, the insider spent $3,702,380. 10% Owner, Frazier Warren Lynn, disposed of 21,958 shares at a price of $10.81 on Dec 01. The insider now owns more than $237,289 worth of shares. Prior to that, 10% Owner Frazier Warren Lynn went on to Sale 75,000 shares at $10.01 each on Nov 17. An amount of $750,630 was transacted.

Valuation Metrics

Nine Energy Service Inc. (NINE) stock’s beta is 3.53. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.73.

Financial Health

The quick ratio of Nine Energy Service Inc. for the three months ended September 29 was 1.30, and the current ratio was 1.80, indicating that the company is able to meet its debt obligations. Its gross profit as reported stood at $41.43 million compared to revenue of $349.42 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Nine Energy Service Inc.’s return on assets was -2.40%.

Earnings Surprise

For the three-month period that ended September 29, Nine Energy Service Inc. had $305.63 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $14.29 million in the quarter, while revenues were grew 212.32%. The analyst consensus anticipated Nine Energy Service Inc.’s latest quarter earnings to come in at $0.02 per share, but it turned out to be $0.39, a 1,850.00% surprise. For the quarter, EBITDA amounted to $32.13 million. Shareholders own equity worth $33.22 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Nine Energy Service Inc. (NINE) price momentum. RSI 9-day as of the close on 29 December was 70.35%, suggesting the stock is Overbought, with historical volatility in this time frame at 118.50%.

As of today, NINE’s price is $13.33 +15.33% or $1.85 from its 5-day moving average. NINE is currently trading +31.82% higher than its 20-day SMA and +393.62% higher than its 100-day SMA. However, the stock’s current price level is +197.44% above the SMA50 and +454.58% above the SMA200.

The stochastic %K and %D were 82.89% and 81.40%, respectively, and the average true range (ATR) was 1.17. With the 14-day stochastic at 94.63% and the average true range at 1.12, the RSI (14) stands at 68.81%. The stock has reached 0.78 on the 9-day MACD Oscillator while the 14-day reading was at 1.81.

Analyst Ratings

Citigroup upgraded Nine Energy Service Inc. (NYSE: NINE) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as a Sell. The consensus rating for Nine Energy Service Inc. (NINE) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell NINE, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 others rate it as a “buy”.

What is NINE’s price target for the next 12 months?

Analysts predict a range of price targets between $9.50 and $15.50, with a median target of $12.50. Taking a look at these predictions, the average price target given by analysts for Nine Energy Service Inc. (NINE) stock is $12.50.


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