A new trading day began on Tuesday, with Nine Energy Service Inc (NYSE: NINE) stock price down -8.55% from the previous day of trading, before settling in for the closing price of $1.17. NINE’s price has ranged from $1.04 to $4.22 over the past 52 weeks.
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During the last 5-year period, the sales growth of Energy Sector giant was 4.59%. Meanwhile, its annual earnings per share averaged -37.28%. With a float of $30.12 million, this company’s outstanding shares have now reached $35.32 million.
Let’s determine the extent of company efficiency that accounts for 1157 employees. In terms of profitability, gross margin is 10.02%, operating margin of 1.08%, and the pretax margin is -8.04%.
Nine Energy Service Inc (NINE) Breakdown of a Key Holders of the stock
As we move forward, let’s examine how large-scale investors are investing in this stock of the Oil & Gas Equipment & Services Industry. The insider ownership of Nine Energy Service Inc is 26.84%, while institutional ownership is 49.58%. 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) Recent Fiscal highlights
According to the Wall Street analysts, stocks earnings will be around -37.28% per share during the next fiscal year.
Nine Energy Service Inc (NYSE: NINE) Trading Performance Indicators
Here are Nine Energy Service Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.43. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.08.
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)
Looking closely at Nine Energy Service Inc (NYSE: NINE), its last 5-days average volume was 0.42 million, which is a drop from its year-to-date volume of 0.61 million. As of the previous 9 days, the stock’s Stochastic %D was 15.54%. Additionally, its Average True Range was 0.10.
During the past 100 days, Nine Energy Service Inc’s (NINE) raw stochastic average was set at 3.06%, which indicates a significant increase from 2.86% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 97.55% in the past 14 days, which was higher than the 69.96% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.2176, while its 200-day Moving Average is $1.8729. However, in the short run, Nine Energy Service Inc’s stock first resistance to watch stands at $1.1133. Second resistance stands at $1.1567. The third major resistance level sits at $1.1833. If the price goes on to break the first support level at $1.0433, it is likely to go to the next support level at $1.0167. Now, if the price goes above the second support level, the third support stands at $0.9733.
Nine Energy Service Inc (NYSE: NINE) Key Stats
With a market capitalization of 44.05 million, the company has a total of 35,325K Shares Outstanding. Currently, annual sales are 609,530 K while annual income is -32,210 K. The company’s previous quarter sales were 132,400 K while its latest quarter income was -14,040 K.
