At the time of writing, Nine Energy Service Inc [NINE] stock is trading at $1.50, up 3.45%. 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 30.43% over the last week, with a monthly amount glided 60.94%, 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.
For the past year, the stock price of Nine Energy Service Inc fluctuated between $0.75 and $3.26. 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 $1.50 at the most recent close of the market. An investor can expect a potential return of 1100.0% based on the average NINE price forecast.
Analyzing the NINE fundamentals
According to Nine Energy Service Inc [NYSE:NINE], the company’s sales were 556.75M for trailing twelve months, which represents an -1.75% plunge. 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 1.3867 points at the first support level, and at 1.2733 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.6967, and for the 2nd resistance point, it is at 1.8933.
Ratios To Look Out For
It is important to note that Nine Energy Service Inc [NYSE:NINE] has a current ratio of 2.46. In addition, the Quick Ratio stands at 1.59 and the Cash Ratio stands at 0.24. Considering the valuation of this stock, the price to sales ratio is 0.13.
Transactions by insiders
Recent insider trading involved MONROE WILLIAM, 10% Owner, that happened on Nov 19 ’24 when 0.43 million shares were purchased. 10% Owner, MONROE WILLIAM completed a deal on Nov 21 ’24 to buy 0.26 million shares. Meanwhile, 10% Owner MONROE WILLIAM bought 0.27 million shares on Nov 20 ’24.
