At the last check on Friday, Nine Energy Service Inc.’s (NYSE:NINE) stock was up $0.07, moving up 1.36 percent to $4.86. The average number of shares traded per day over the past five days has been 1,113,015 shares. 2 times new highs have been achieved over the past 5 days, with a $0.27 gain in that time frame. In the last twenty days, the average volume was 1,187,029, while in the previous 50 days, it was 948,020.
Since last month, NINE stock rose 35.24%. Shares of the company fell to $3.47 on 07/06/23, the lowest level in the past month. A 52-week high of $17.10 was reached on 01/17/23 after having rallying from a 52-week low of $2.22. Since the beginning of this year, NINE’s stock price has dropped by -66.59% or -$9.56, and marked a new high 4 times. However, the stock has declined by -71.61% since its 52-week high.
NINE stock investors should be aware that Nine Energy Service Inc. (NINE) stock had its last reported insider trading activity 80 days ago on May 16. Willis Darryl Keith, the Director of the company, purchased of 3,355 shares for $2.98 on May 16. It resulted in a $9,998 investment by the insider. Fox Ann G sold 15,485 shares at an average price of $3.48 on May 03. The insider now owns 635,914 shares following the transaction. On May 03, Crombie David sold 10,827 shares at $3.48 apiece. The transaction was valued at $37,678.
Valuation Metrics
Right now, Nine Energy Service Inc. (NINE) has a P/E ratio of about 10.49. The stock’s beta is 3.42.
Financial Health
In the three months ended June 29, Nine Energy Service Inc.’s quick ratio stood at 1.80, while its current ratio was 2.70, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 23.40% percent. In the year ended June 29, EBITDA margin amounted to 16.30%, whereas operating margins totaled 8.20%. Based on annual data, NINE earned $136.29 million in gross profit and brought in $593.38 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 14.50%. Return on equity (ROE) for the past 12 months was -53.60%.
In Nine Energy Service Inc.’s quarter-end financial report for June 29, it reported total debt of $331.53 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. NINE’s revenue rose 28.44% to $166.67 million during the quarter, while net income inched up to $163.41 million. While analysts expected Nine Energy Service Inc. to report -$0.04 quarterly earnings, the actual figure was -$0.06 per share. During the quarter, the company generated $22.2 million in EBITDA. The liabilities of Nine Energy Service Inc. were 438.04 million at the end of its most recent quarter ended June 29, and its total debt was $373.29 million. The value of shareholders’ equity is $34.72 million.
Technical Picture
This quick technical analysis looks at Nine Energy Service Inc.’s (NINE) price momentum. With a historical volatility rate of 61.54%, the RSI 9-day stood at 58.40% on 03 August.
With respect to its five-day moving average, the current Nine Energy Service Inc. price is up by +5.74% percent or $0.27. At present, NINE shares trade +19.47% above its 20-day simple moving average and -22.95% percent below its 100-day simple moving average. However, the stock is currently trading approximately +42.00% above its SMA50 and +17.22% above its SMA200.
Stochastic coefficient K was 34.28% and Stochastic coefficient D was 37.07%, while ATR was 0.44. Given the Stochastic reading of 47.90% for the 14-day period, the RSI (14) reading has been calculated as 58.75%. As of today, the MACD Oscillator reading stands at -0.02, while the 14-day reading stands at -0.06.
Analyst Ratings
Citigroup upgraded its rating on Nine Energy Service Inc. (NYSE: NINE) to a Neutral in a note to investors on December 15, 2020. The analysts firm previously had a Sell rating on the stock.Nine Energy Service Inc. (NINE) has been rated Overweight by analysts. According to 0 brokerage firms, NINE is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Nine Energy Service Inc. stock as buy, with 1 recommending it as overweight.
With a median target price of $6.50, the current consensus forecast for the stock is $6.00 – $7.00. Based on these forecasts, analysts predict Nine Energy Service Inc. (NINE) will achieve an average price target of $6.50.
