Nine Energy Service Inc [NYSE: NINE] stock went on an upward path that rose over 24.61% on Friday, amounting to a one-week price increase of more than 41.90%.
Over the last 12 months, NINE stock dropped by -52.94%. The one-year Nine Energy Service Inc stock forecast points to a potential upside of 2.67. The average equity rating for NINE stock is currently 5.00, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $31.09 million, with 42.35 million shares outstanding and 30.44 million shares in the current float. Compared to the average trading volume of 733.27K shares, NINE stock reached a trading volume of 55872745 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Nine Energy Service Inc [NINE]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for NINE shares is $0.75 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on NINE stock is a recommendation set at 5.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Citigroup have made an estimate for Nine Energy Service Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on December 15, 2020. The new note on the price target was released on May 18, 2020, representing the official price target for Nine Energy Service Inc stock. Previously, the target price had yet another drop from $9 to $1.25, while Goldman kept a Neutral rating on NINE stock.
The Average True Range (ATR) for Nine Energy Service Inc is set at 0.09, with the Price to Sales ratio for NINE stock in the period of the last 12 months amounting to 0.06. Price to Free Cash Flow for NINE in the course of the last twelve months was 8.88 with Quick ratio for the last quarter at 1.43.
NINE Stock Performance Analysis:
Nine Energy Service Inc [NINE] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 41.90. With this latest performance, NINE shares gained by 6.19% in over the last four-week period, additionally sinking by -40.79% over the last 6 months – not to mention a drop of -52.94% in the past year of trading.
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Insight into Nine Energy Service Inc Fundamentals:
Nine Energy Service Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.43 and a Current Ratio set at 2.03.
NINE Stock EPS
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for NINE. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Nine Energy Service Inc go to 12.42%.
Nine Energy Service Inc [NINE] Institutonal Ownership Details
The top three institutional holders of NINE stocks are: SCF PARTNERS, INC. with ownership of 9.09 million shares, which is approximately 25.6133%. GENDELL JEFFREY L, holding 3.4 million shares of the stock with an approximate value of $$5.71 million in NINE stocks shares; and GENDELL JEFFREY L, currently with $$4.15 million in NINE stock with ownership which is approximately 6.9566%.
