On Tuesday, Nine Energy Service Inc (NYSE: NINE) was 14.16% up from the session before settling in for the closing price of $1.13. A 52-week range for NINE has been $1.04 – $4.48.
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A company in the Energy sector has jumped its sales by 4.59% annually for the last half of the decade. When this article was written, the company’s average yearly earnings per share was at -42.86%. With a float of $30.12 million, this company’s outstanding shares have now reached $35.32 million.
In an organization with 1157 employees, it is important to assess its efficiency.
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 26.84%, while institutional ownership is 49.60%. The most recent insider transaction that took place on Aug 12 ’24, was worth 23,521. In this transaction an insider of this company sold 17,320 shares at a rate of $1.36, taking the stock ownership to the 286,799 shares. Before that another transaction happened on Aug 12 ’24, when Company’s Chief Accounting Officer sold 2,894 for $1.36, making the entire transaction worth $3,930. This insider now owns 99,269 shares in total.
Nine Energy Service Inc (NINE) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around -42.86% 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 1.43. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.09.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.33, a number that is poised to hit -0.30 in the next quarter and is forecasted to reach -0.79 in one year’s time.
Technical Analysis of Nine Energy Service Inc (NINE)
Let’s dig in a bit further. During the last 5-days, its volume was 0.76 million. That was better than the volume of 0.6 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 31.11%. Additionally, its Average True Range was 0.09.
During the past 100 days, Nine Energy Service Inc’s (NINE) raw stochastic average was set at 24.39%, which indicates a significant decrease from 66.67% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 68.83% in the past 14 days, which was higher than the 66.14% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.3438, while its 200-day Moving Average is $1.9421. However, in the short run, Nine Energy Service Inc’s stock first resistance to watch stands at $1.4167. Second resistance stands at $1.5433. The third major resistance level sits at $1.6767. If the price goes on to break the first support level at $1.1567, it is likely to go to the next support level at $1.0233. The third support level lies at $0.8967 if the price breaches the second support level.
Nine Energy Service Inc (NYSE: NINE) Key Stats
There are 35,325K outstanding shares of the company, which has a market capitalization of 53.11 million. As of now, sales total 609,530 K while income totals -32,210 K. Its latest quarter income was 132,400 K while its last quarter net income were -14,040 K.
