The stock of Nine Energy Service Inc. (NYSE:NINE) increased by $0.18 on Friday to finish at $4.02, up 4.69 percent. The last five days have seen an average of 634,100 shares of common stock traded. 4 times new highs were reached in the current year, with a fall of -$10.51. The average number of shares traded over the last 20 days was 1,164,045, while the average volume over the last 50 days totaled 1,083,506.
NINE stock dropped -15.72% since last month. On 08/23/23, the company’s shares reached a one-month low of $3.79. The stock touched a high of $17.10 on 01/17/23, after rallying from a low of $2.30 in 52 weeks. The price of NINE stock has declined by -72.33% or -$10.51 this year, reaching a new high 4 times. Still, the stock price is down -76.49% from the 52-week high.
Insider Transactions
NINE stock investors should be aware that Nine Energy Service Inc. (NINE) stock had its last reported insider trading activity 17 days ago on Aug 11. On Aug 11, Crombie David sold 40,657 shares at $4.60 each. This transaction resulted in the insider making $187,022. On Aug 11, MOORE THEODORE R. sold 22,221 shares at a price of US$4.67. After the transaction, the insider now owns 115,725 shares. Fox Ann G had earlier sold 37,527 shares on Aug 09 for $4.90 a share. The transaction was completed for $183,882.
Valuation Metrics
Nine Energy Service Inc. (NINE) has a trailing price-to-earnings (P/E) ratio of 9.59. Beta for the stock is 3.45. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.21, and the price-to-cash flow ratio of 7.62.
Financial Health
For the three months ended June 29, Nine Energy Service Inc.’s quick ratio was 1.70, while its current ratio was 2.50, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 23.40% percent. Nine Energy Service Inc.’s EBITDA margin for the year ended June 29 was 16.30%, whereas its operating margin stood at 8.40% for the same period. Based on annual data, it had gross profit of $136.29 million and revenue of $593.38 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. NINE’s return on assets (ROA) during the last 12 months has been 3.20%. There was a 14.50% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -67.80%.
Earnings Surprise
According to Nine Energy Service Inc.’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $161.43 million, while revenues rose by 11.82% to $163.41 million. It was predicted that Nine Energy Service Inc.’s quarterly earnings would be -$0.06, but it ended up being -$0.04. EBITDA was $24.41 million for the quarter. At the end of Nine Energy Service Inc.’s most recent quarter ended June 29, its liabilities totaled 451.89 million, while its total debt was $376.78 million. Equity owned by shareholders amounts to $35.35 million.
Technical Picture
Here’s a quick look at Nine Energy Service Inc.’s (NINE) price momentum from a technical perspective. As of 25 August, the RSI 9-day stood at 39.88%, suggesting the stock is Neutral, with a 51.40% historical volatility rate.
The stochastic %K and %D were 9.54% and 7.89% respectively, while the average true range (ATR) was 0.31. Based on the 14-day stochastic reading of 15.28%, the RSI (14) reading is 42.47%. On the 9-day MACD Oscillator, the stock is at -0.09, and the 14-day reading is at -0.33.
Analyst Ratings
In its most recent analyst report, Citigroup raised its rating on Nine Energy Service Inc. (NYSE: NINE) to a Neutral. Prior to this, analysts firm rated the stock as a Sell. Analysts have assigned Nine Energy Service Inc. (NINE) an Overweight rating. NINE is a stock that is recommended for selling by 0 brokerage firms, while 1 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 1 other recommend it as a buy.
What is NINE’s price target for the next 12 months?
The current consensus forecast for the stock is between $6.00 and $7.00, with a median target price of $6.50. In analyzing these forecasts, the average price target given by analysts for Nine Energy Service Inc. (NINE) is $6.50.
