Nine Energy Service Inc (NYSE: NINE) on Friday, soared 6.24% from the previous trading day, before settling in for the closing price of $0.96. Within the past 52 weeks, NINE’s price has moved between $0.75 and $3.70.
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During the last 5-year period, the sales growth of Energy Sector giant was 4.59%. The company achieved an average annual earnings per share of -25.00%. With a float of $30.99 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 10.59%, operating margin of 1.67%, and the pretax margin is -7.55%.
Nine Energy Service Inc (NINE) Breakdown of a Key Holders of the stock
Observing investor behavior towards Oil & Gas Equipment & Services industry stocks is more important than anything else. The insider ownership of Nine Energy Service Inc is 26.84%, while institutional ownership is 48.20%. 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
As on 9/30/2024, Multinational firm has announced its last quarter scores, in which it reported -0.28 earnings per share (EPS) for the period topping the consensus outlook (set at -0.35) by 0.07. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.3 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -25.00% per share during the next fiscal year.
Nine Energy Service Inc (NYSE: NINE) Trading Performance Indicators
Nine Energy Service Inc (NINE) is currently performing well based on its current performance indicators. A quick ratio of 1.59 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.08. Likewise, its price to free cash flow for the trailing twelve months is 18.51.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.20, a number that is poised to hit -0.20 in the next quarter and is forecasted to reach -0.75 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 0.95 million, which is a jump from its year-to-date volume of 0.61 million. As of the previous 9 days, the stock’s Stochastic %D was 73.15%. 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 21.19%, which indicates a significant decrease from 70.97% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 110.84% in the past 14 days, which was higher than the 78.31% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.1288, while its 200-day Moving Average is $1.7701. However, in the short run, Nine Energy Service Inc’s stock first resistance to watch stands at $1.0666. Second resistance stands at $1.1133. The third major resistance level sits at $1.1465. If the price goes on to break the first support level at $0.9867, it is likely to go to the next support level at $0.9535. Now, if the price goes above the second support level, the third support stands at $0.9068.
Nine Energy Service Inc (NYSE: NINE) Key Stats
Market capitalization of the company is 45.91 million based on 41,167K outstanding shares. Right now, sales total 609,530 K and income totals -32,210 K. The company made 132,400 K in profit during its latest quarter, and -14,040 K in sales during its previous quarter.
