A look at Nine Energy Service Inc’s (NINE) recent performance gives investors their first glimpse of hope.

November 20, 2023, Nine Energy Service Inc (NYSE: NINE) trading session started at the price of $2.00, that was 9.18% jump from the session before. During the day, the shares moved up to $2.14 and dropped to $1.96 before settling in for the closing price of $1.96. A 52-week range for NINE has been $1.84 – $17.10.

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Energy Sector giant saw their annual sales surged by 14.48% over the last five years. When this article was written, the company’s average yearly earnings per share was at -289.49%. With a float of $28.66 million, this company’s outstanding shares have now reached $33.22 million.

The firm has a total of 1212 workers. Let’s measure their productivity. In terms of profitability, gross margin is +16.19, operating margin of +8.05, and the pretax margin is +2.52.

Nine Energy Service Inc (NINE) Insider Activity

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 18.88%, while institutional ownership is 54.62%. The most recent insider transaction that took place on Aug 11, was worth 187,022. In this transaction an insider of this company sold 40,657 shares at a rate of $4.60, taking the stock ownership to the 209,075 shares. Before that another transaction happened on Aug 11, when Company’s insider sold 22,221 for $4.67, making the entire transaction worth $103,772. This insider now owns 115,725 shares in total.

Nine Energy Service Inc (NINE) Earnings and Forecasts

Going through the last 3-months fiscal report unveiled on the 9/29/2023, it has been observed that the corporation posted -$0.38 earnings per share (EPS) during the time that was better than consensus figure (set at -$0.47) by $0.09. This company achieved a net margin of +2.43. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.35 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -289.49% 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 1.79. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.12.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.42, a number that is poised to hit -0.35 in the next quarter and is forecasted to reach -0.45 in one year’s time.

Technical Analysis of Nine Energy Service Inc (NINE)

Analysing the last 5-days average volume posted by the [Nine Energy Service Inc, NINE], we can find that recorded value of 1.23 million was better than the volume posted last year of 1.05 million. As of the previous 9 days, the stock’s Stochastic %D was 15.93%. Additionally, its Average True Range was 0.25.

During the past 100 days, Nine Energy Service Inc’s (NINE) raw stochastic average was set at 8.01%, which indicates a significant decrease from 16.09% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 141.30% in the past 14 days, which was higher than the 90.90% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $3.6400, while its 200-day Moving Average is $4.8400. Now, the first resistance to watch is $2.2000. This is followed by the second major resistance level at $2.2600. The third major resistance level sits at $2.3800. If the price goes on to break the first support level at $2.0200, it is likely to go to the next support level at $1.9000. Should the price break the second support level, the third support level stands at $1.8400.

Nine Energy Service Inc (NYSE: NINE) Key Stats

There are 35,325K outstanding shares of the company, which has a market capitalization of 75.58 million. As of now, sales total 593,380 K while income totals 14,390 K. Its latest quarter income was 140,620 K while its last quarter net income were -13,260 K.


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