How much can investors make with Nine Energy Service Inc (NINE) stock in the next 12 months?

Nine Energy Service Inc [NINE] stock is trading at $2.26, up 4.15%. 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 gain 8.65% over the last week, with a monthly amount drifted -6.22%, and not seem to be holding up well over a long-time horizon.

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On 18, January 2024, Nine Energy Service Announces Timing of Fourth Quarter and Full Year 2023 Earnings Release and Conference Call. In a post published today on Yahoo Finance, Nine Energy Service, Inc. (NYSE:NINE) announced today that it has scheduled its fourth quarter and full year 2023 earnings conference call for Friday, March 8, 2024 at 9:00 am Central Time. During the call, Nine will discuss its financial and operating results for the quarter and full year ended December 31, 2023, which are expected to be released prior to the conference call.

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.

Nine Energy Service Inc [NINE] stock has fluctuated between $1.78 and $10.69 over the past year. Currently, Wall Street analysts expect the stock to reach $18 within the next 12 months. Nine Energy Service Inc [NYSE: NINE] shares were valued at $2.26 at the most recent close of the market. An investor can expect a potential return of 696.46% based on the average NINE price forecast.

Analyzing the NINE fundamentals

Nine Energy Service Inc [NYSE:NINE] reported sales of 632.12M for the trailing twelve months, which represents a drop of -16.02%. Gross Profit Margin for this corporation currently stands at 0.15% with Operating Profit Margin at 0.03%, Pretax Profit Margin comes in at -0.02%, and Net Profit Margin reading is -0.02%. To continue investigating profitability, this company’s Return on Assets is posted at -0.04, Equity is 0.75 and Total Capital is 0.06. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-13.91.

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 2.18 points at the first support level, and at 2.09 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.32, and for the 2nd resistance point, it is at 2.37.

Nine Energy Service Inc [NINE] reported earnings per share of -$0.38 for its fiscal quarter that ended on 9/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.47/share, meaning a difference of $0.09 and a surprise factor of 19.10%. By comparison, the stated earnings for the previous quarter ended on 6/29/2023 were -$0.06 per share as compared to estimates of -$0.04 per share, a difference of -$0.02 representing a surprise of -50.00%.

Ratios To Look Out For

For context, Nine Energy Service Inc’s Current Ratio is 2.80. In addition, the Quick Ratio stands at 1.79 and the Cash Ratio stands at 0.21. Considering the valuation of this stock, the price to sales ratio is 0.13.

Transactions by insiders

Recent insider trading involved Crombie David,, that happened on Aug 11 when 40657.0 shares were sold., MOORE THEODORE R. completed a deal on Aug 11 to sell 22221.0 shares. Meanwhile, Fox Ann G sold 37527.0 shares on Aug 09.

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