Nine Energy Service Inc [NINE] stock prices are up 6.78% to $1.26 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The NINE shares have gain 1.61% over the last week, with a monthly amount glided 22.33%, and 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.
The stock price of Nine Energy Service Inc [NINE] has been fluctuating between $0.75 and $3.26 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 $1.26 at the most recent close of the market. An investor can expect a potential return of 1328.57% based on the average NINE price forecast.
Analyzing the NINE fundamentals
The Nine Energy Service Inc [NYSE:NINE] reported sales of 556.75M for trailing twelve months, representing a drop of -1.75%. Gross Profit Margin for this corporation currently stands at 0.11% with Operating Profit Margin at 0.02%, 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 0.91 and Total Capital is 0.03. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -5.72.
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 1.1933 points at the first support level, and at 1.1267 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.3033, and for the 2nd resistance point, it is at 1.3467.
Ratios To Look Out For
It’s worth pointing out that Nine Energy Service Inc [NYSE:NINE]’s Current Ratio is 2.46. As well, the Quick Ratio is 1.59, while the Cash Ratio is 0.24. Considering the valuation of this stock, the price to sales ratio is 0.10.
Transactions by insiders
Recent insider trading involved SCF-VII(A), L.P., AFFILIATE OF 10% OWNER, that happened on Nov 12 ’24 when 0.43 million shares were purchased. 10% Owner, SCF-VII, L.P. completed a deal on Nov 12 ’24 to buy 2.07 million shares. Meanwhile, Fox Ann G sold 0.14 million shares on Nov 06 ’24.
