Nine Energy Service Inc (NYSE: NINE) kicked off on Monday, down -4.00% from the previous trading day, before settling in for the closing price of $1.75. Over the past 52 weeks, NINE has traded in a range of $0.75-$3.26.
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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. While this was happening, its average annual earnings per share was recorded -25.00%. With a float of $30.29 million, this company’s outstanding shares have now reached $42.36 million.
In an organization with 1157 employees, it is important to assess its efficiency. 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) Insider and Institutional Ownership
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 28.51%, while institutional ownership is 27.57%. The most recent insider transaction that took place on Nov 19 ’24, was worth 517,694. In this transaction 10% Owner of this company bought 435,000 shares at a rate of $1.19, taking the stock ownership to the 4,335,000 shares. Before that another transaction happened on Nov 21 ’24, when Company’s 10% Owner bought 260,000 for $1.24, making the entire transaction worth $321,334. This insider now owns 4,860,000 shares in total.
Nine Energy Service Inc (NINE) Latest Financial update
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
Take a look at Nine Energy Service Inc’s (NINE) current performance indicators. Last quarter, stock had a quick ratio of 1.59. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.14. Likewise, its price to free cash flow for the trailing twelve months is 31.59.
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)
Let’s dig in a bit further. During the last 5-days, its volume was 1.39 million. That was better than the volume of 0.69 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 77.05%. Additionally, its Average True Range was 0.18.
During the past 100 days, Nine Energy Service Inc’s (NINE) raw stochastic average was set at 73.21%, which indicates a significant decrease from 75.32% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 123.26% in the past 14 days, which was higher than the 95.69% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.1878, while its 200-day Moving Average is $1.6680. However, in the short run, Nine Energy Service Inc’s stock first resistance to watch stands at $1.7967. Second resistance stands at $1.9133. The third major resistance level sits at $1.9767. If the price goes on to break the first support level at $1.6167, it is likely to go to the next support level at $1.5533. The third support level lies at $1.4367 if the price breaches the second support level.
Nine Energy Service Inc (NYSE: NINE) Key Stats
The company with the Market Capitalisation of 78.34 million has total of 42,364K 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 138,160 K and last quarter income was -10,140 K.
