A share price of Nine Energy Service Inc [NINE] is currently trading at $1.23, up 5.13%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The NINE shares have gain 12.84% over the last week, with a monthly amount drifted -3.91%, and not seem to be holding up well over a long-time horizon.
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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 experienced fluctuations in its stock price throughout the past year between $1.04 and $4.68. 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 $1.23 at the most recent close of the market. An investor can expect a potential return of 1363.41% based on the average NINE price forecast.
Analyzing the NINE fundamentals
Trailing Twelve Months sales for Nine Energy Service Inc [NYSE:NINE] were 559.21M which represents -17.98% decline. Gross Profit Margin for this corporation currently stands at 0.1% with Operating Profit Margin at 0.01%, Pretax Profit Margin comes in at -0.08%, and Net Profit Margin reading is -0.08%. To continue investigating profitability, this company’s Return on Assets is posted at -0.12, Equity is 1.18 and Total Capital is 0.02. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-6.64.
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 1.1705 points at the first support level, and at 1.1111 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.2897, and for the 2nd resistance point, it is at 1.3495.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Nine Energy Service Inc [NYSE:NINE] is 2.15. Also, the Quick Ratio is 1.43, while the Cash Ratio stands at 0.31. Considering the valuation of this stock, the price to sales ratio is 0.09.
Transactions by insiders
Recent insider trading involved Crombie David,, that happened on Aug 12 ’24 when 17320.0 shares were sold. Chief Accounting Officer, Luz S. Brett completed a deal on Aug 12 ’24 to sell 2894.0 shares. Meanwhile, MOORE THEODORE R. sold 9594.0 shares on Aug 12 ’24.
