Nine Energy Service Inc [NYSE: NINE] surged by $2619998.97 during the normal trading session on Monday and reaching a high of $1.55 during the day while it closed the day at $2620000.0.
Nine Energy Service Inc stock has also gained 59.36% of its value over the past 7 days. However, NINE stock has declined by -2.50% in the 3 months of the year. Over the past six months meanwhile, it has gained 18.18% and lost -20.95% year-on date.
The market cap for NINE stock reached $49.55 million, with 42.35 million shares outstanding and 30.44 million shares in the current float. Compared to the average trading volume of 2.62M shares, NINE reached a trading volume of 25547741 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about 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.
Price to Free Cash Flow for NINE in the course of the last twelve months was 14.16 with Quick ratio for the last quarter at 1.43.
NINE stock trade performance evaluation
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 59.36. With this latest performance, NINE shares gained by 131.13% in over the last four-week period, additionally plugging by 18.18% over the last 6 months – not to mention a rise of 4.46% in the past year of trading.
Nine Energy Service Inc [NINE]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Nine Energy Service Inc [NINE] shares currently have an operating margin of 2.09% and a Gross Margin at 11.27%. Nine Energy Service Inc’s Net Margin is presently recorded at -7.13%.
Return on Equity for this stock declined to -10.84%, with Return on Assets sitting at -10.84%.
Earnings per share (EPS) analysis for Nine Energy Service Inc [NINE] stock
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]: Institutional Ownership
There are presently around $29.41%, or 35.42%% of NINE stock, in the hands of institutional investors. 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%.
