A new trading day began on Friday, with Nine Energy Service Inc (NYSE: NINE) stock price up 11.09% from the previous day of trading, before settling in for the closing price of $0.90. NINE’s price has ranged from $0.75 to $3.26 over the past 52 weeks.
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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. Meanwhile, its annual earnings per share averaged -25.00%. With a float of $30.70 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 Updates
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 27.53%, while institutional ownership is 26.60%. The most recent insider transaction that took place on Dec 03 ’24, was worth 59,155. In this transaction an insider of this company sold 35,380 shares at a rate of $1.67, taking the stock ownership to the 156,966 shares. Before that another transaction happened on Dec 03 ’24, when Company’s Officer proposed sale 35,380 for $1.67, making the entire transaction worth $59,148.
Nine Energy Service Inc (NINE) Performance Highlights and Predictions
Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.24 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
Here are Nine Energy Service Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.59. 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 18.97.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.20, a number that is poised to hit -0.24 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 1.37 million. That was better than the volume of 0.71 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 10.08%. Additionally, its Average True Range was 0.14.
During the past 100 days, Nine Energy Service Inc’s (NINE) raw stochastic average was set at 21.11%, which indicates a significant increase from 13.64% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 93.15% in the past 14 days, which was lower than the 100.77% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.1898, while its 200-day Moving Average is $1.6036. However, in the short run, Nine Energy Service Inc’s stock first resistance to watch stands at $1.0533. Second resistance stands at $1.1067. The third major resistance level sits at $1.1933. If the price goes on to break the first support level at $0.9133, it is likely to go to the next support level at $0.8267. Assuming the price breaks the second support level, the third support level stands at $0.7733.
Nine Energy Service Inc (NYSE: NINE) Key Stats
With a market capitalization of 47.06 million, the company has a total of 42,364K Shares Outstanding. Currently, annual sales are 609,530 K while annual income is -32,210 K. The company’s previous quarter sales were 138,160 K while its latest quarter income was -10,140 K.
