Currently, Nine Energy Service Inc [NINE] is trading at $1.02, down -1.92%. 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 13.31% over the last week, with a monthly amount drifted -27.66%, 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.
This stock has fluctuated between a low of $0.75 and a high of $3.26 over the last 52 weeks. 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 $1.02 at the most recent close of the market. An investor can expect a potential return of 1664.71% based on the average NINE price forecast.
Analyzing the NINE fundamentals
Trailing Twelve Months sales for Nine Energy Service Inc [NYSE:NINE] were 556.75M which represents -1.75% decline. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-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 0.9783 points at the first support level, and at 0.9365 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.0935, and for the 2nd resistance point, it is at 1.1669.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Nine Energy Service Inc [NYSE:NINE] 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 0.08.
Transactions by insiders
Recent insider trading involved Sirkes Guy, that happened on Dec 03 ’24 when 35380.0 shares were sold. Officer, Sirkes Guy completed a deal on Dec 03 ’24 to buy 35380.0 shares. Meanwhile, 10% Owner MONROE WILLIAM bought 0.43 million shares on Nov 19 ’24.
