NINE (Nine Energy Service Inc) dropped -5.00 at the last close: Is This Today’s Most Popular Stock?

Nine Energy Service Inc (NYSE: NINE) kicked off on Tuesday, down -5.00% from the previous trading day, before settling in for the closing price of $2.80. Over the past 52 weeks, NINE has traded in a range of $1.78-$5.59.

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Over the past five-year period, the growth rate of yearbook sales for the company of the Energy sector was 4.59%. While this was happening, its average annual earnings per share was recorded 31.92%. With a float of $28.84 million, this company’s outstanding shares have now reached $35.32 million.

Considering the fact that the conglomerate employs 1157 people, you should pay attention to its efficiency factor.

Nine Energy Service Inc (NINE) Breakdown of a Key Holders of the stock

Our next focus will be how large-scale investors are participating in this stock of the Oil & Gas Equipment & Services Industry. The insider ownership of Nine Energy Service Inc is 18.35%, while institutional ownership is 57.77%. The most recent insider transaction that took place on Mar 13 ’24, was worth 36,609. In this transaction an insider of this company sold 16,709 shares at a rate of $2.19, taking the stock ownership to the 117,918 shares. Before that another transaction happened on Mar 12 ’24, when Company’s insider sold 216,704 for $2.17, making the entire transaction worth $470,248. This insider now owns 508,783 shares in total.

Nine Energy Service Inc (NINE) Recent Fiscal highlights

Wall Street market experts anticipate that the next fiscal year will bring earnings of 231.46 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 31.92% per share during the next fiscal year.

Nine Energy Service Inc (NYSE: NINE) Trading Performance Indicators

Take a look at Nine Energy Service Inc’s (NINE) current performance indicators. Last quarter, stock had a quick ratio of 1.56. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.15. Likewise, its price to free cash flow for the trailing twelve months is 4.49.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.96, a number that is poised to hit -0.32 in the next quarter and is forecasted to reach -0.56 in one year’s time.

Technical Analysis of Nine Energy Service Inc (NINE)

Compared to the last year’s volume of 0.7 million, its volume of 1.11 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 47.59%. Additionally, its Average True Range was 0.23.

During the past 100 days, Nine Energy Service Inc’s (NINE) raw stochastic average was set at 59.32%, which indicates a significant increase from 49.58% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 73.68% in the past 14 days, which was higher than the 72.10% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $2.29, while its 200-day Moving Average is $3.21. Nevertheless, the first resistance level for the watch stands at $2.78 in the near term. At $2.90, the stock is likely to face the second major resistance level. The third major resistance level sits at $3.03. If the price goes on to break the first support level at $2.53, it is likely to go to the next support level at $2.40. Now, if the price goes above the second support level, the third support stands at $2.28.

Nine Energy Service Inc (NYSE: NINE) Key Stats

The company with the Market Capitalisation of 93.95 million has total of 35,325K Shares Outstanding. Its annual sales at the moment are 609,530 K in contrast with the sum of -32,210 K annual income. Company’s last quarter sales were recorded 144,070 K and last quarter income was -10,310 K.