August 04, 2022, Nine Energy Service Inc. (NYSE: NINE) trading session started at the price of $2.78, that was -6.59% drop from the session before. During the day, the shares moved up to $2.79 and dropped to $2.22 before settling in for the closing price of $2.73. A 52-week range for NINE has been $0.79 – $8.10.
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Annual sales at Energy sector company grew by 4.40% over the past five years. When this article was written, the company’s average yearly earnings per share was at 83.30%. With a float of $14.92 million, this company’s outstanding shares have now reached $30.49 million.
Let’s look at the performance matrix of the company that is accounted for 944 employees. In terms of profitability, gross margin is -1.03, operating margin of -13.54, and the pretax margin is -18.49.
Nine Energy Service Inc. (NINE) Insider and Institutional Ownership
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Nine Energy Service Inc. stocks. The insider ownership of Nine Energy Service Inc. is 6.80%, while institutional ownership is 46.80%. The most recent insider transaction that took place on May 24, was worth 60,208. In this transaction Director of this company sold 22,217 shares at a rate of $2.71, taking the stock ownership to the 16,906 shares. Before that another transaction happened on May 09, when Company’s insider sold 22,000 for $2.81, making the entire transaction worth $61,820. This insider now owns 187,585 shares in total.
Nine Energy Service Inc. (NINE) Latest Financial update
Going through the last 3-months fiscal report unveiled on the 3/30/2022, it has been observed that the corporation posted -$0.22 earnings per share (EPS) during the time that was better than consensus figure (set at -$0.38) by $0.16. This company achieved a net margin of -18.48. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.08 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 83.30% per share during the next fiscal year.
Nine Energy Service Inc. (NYSE: NINE) Trading Performance Indicators
You can see what Nine Energy Service Inc. (NINE) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 1.70. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.21.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -2.08, a number that is poised to hit -0.02 in the next quarter and is forecasted to reach 0.82 in one year’s time.
Technical Analysis of Nine Energy Service Inc. (NINE)
Nine Energy Service Inc. (NYSE: NINE) saw its 5-day average volume 0.66 million, a negative change from its year-to-date volume of 2.15 million. As of the previous 9 days, the stock’s Stochastic %D was 68.83%. Additionally, its Average True Range was 0.26.
During the past 100 days, Nine Energy Service Inc.’s (NINE) raw stochastic average was set at 23.11%, which indicates a significant decrease from 55.56% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 92.42% in the past 14 days, which was lower than the 106.12% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.82, while its 200-day Moving Average is $2.20. Nevertheless, the first resistance level for the watch stands at $2.82 in the near term. At $3.09, the stock is likely to face the second major resistance level. The third major resistance level sits at $3.39. If the price goes on to break the first support level at $2.25, it is likely to go to the next support level at $1.95. The third support level lies at $1.68 if the price breaches the second support level.
Nine Energy Service Inc. (NYSE: NINE) Key Stats
There are 32,719K outstanding shares of the company, which has a market capitalization of 82.19 million. As of now, sales total 349,420 K while income totals -64,580 K. Its latest quarter income was 116,940 K while its last quarter net income were -6,900 K.