The outlook and analysis of Nine Energy Service Inc. (NINE)’s stock

Currently, Nine Energy Service Inc. [NINE] is trading at $2.55, down -6.59%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The NINE shares have lost -0.39% over the last week, with a monthly amount glided 16.44%, and seem to be holding up well over a long-time horizon.

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On 3, August 2022, Nine Energy Service Announces Second Quarter 2022 Results. In a post published today on Yahoo Finance, Total liquidity position of $74.5 million as of June 30, 2022.

From an analyst’s perspective:

Nine Energy Service Inc. [NYSE: NINE] stock has seen the most recent analyst activity on December 15, 2020, when Citigroup upgraded its rating to a Neutral and also boosted its price target to $3 from $1. Previously, Piper Sandler downgraded its rating to Neutral on May 18, 2020. On March 27, 2020, downgrade downgraded it’s rating to Neutral and revised its price target to $1.25 on the stock. Wells Fargo downgraded its rating to a Underweight. Tudor Pickering downgraded its rating to a Hold. Raymond James downgraded its rating to Mkt Perform for this stock on March 10, 2020. In a note dated March 10, 2020, JP Morgan downgraded an Neutral rating on this stock.

This stock has fluctuated between a low of $0.79 and a high of $8.10 over the last 52 weeks. Nine Energy Service Inc. [NYSE: NINE] shares were valued at $2.55 at the most recent close of the market.

Analyzing the NINE fundamentals

Recent quarter sales for Nine Energy Service Inc. [NYSE:NINE] were 116.94 billion which represents 75.50% growth. Gross Margin for this corporation currently stands at -1.03% with Operating Margin at -13.54%, Pretax Margin comes in at -18.49%, and Net Margin reading is -18.48%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 2.25 points at the first support level, and at 1.95 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.82, and for the 2nd resistance point, it is at 3.09.

Nine Energy Service Inc. [NINE] reported earnings per share of -$0.22 for its fiscal quarter that ended on 3/30/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.38/share, meaning a difference of $0.16 and a surprise factor of 42.10%. By comparison, the stated earnings for the previous quarter ended on 12/30/2021 were -$0.52 per share as compared to estimates of -$0.55 per share, a difference of $0.03 representing a surprise of 5.50%.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Nine Energy Service Inc. [NYSE:NINE] is 2.30. In addition, the Quick Ratio stands at 1.72 and the Cash Ratio stands at 0.38. Considering the valuation of this stock, the price to sales ratio is 0.09.

Transactions by insiders

In the past 3 months, 0 insiders have purchased 0 shares, and 2 have sold 44,217 shares. Recent insider trading involved Willis Darryl Keith, Director, that happened on May 24 when 22217.0 shares were sold., MOORE THEODORE R. completed a deal on May 09 to sell 22000.0 shares. Meanwhile, 10% Owner Frazier Warren Lynn sold 35000.0 shares on Dec 29.