Nine Energy Service Inc (NYSE:NINE) shares, rose in value on Friday, November 01, with the stock price up by 6.24% to the previous day’s close as strong demand from buyers drove the stock to $1.02.
Actively observing the price movement in the last trading, the stock closed the session at $0.96, falling within a range of $1.0001 and $1.08. Referring to stock’s 52-week performance, its high was $3.70, and the low was $0.75. On the whole, NINE has fluctuated by -21.54% over the past month.
With the market capitalization of Nine Energy Service Inc currently standing at about $41.99 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Mar-06.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 541.6M, with a low estimate of 133.9M and a high estimate of 133.9M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 133.9M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that NINE’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of NINE currently trading nearly -3.56% and -9.64% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 46.64, while the 7-day volatility ratio is showing 14.93% which for the 30-day chart, stands at 8.50%. Furthermore, Nine Energy Service Inc (NINE)’s beta value is 3.31, and its average true range (ATR) is 0.10.
A comparison of Nine Energy Service Inc (NINE) with its peers suggests the former has fared considerably weaker in the market. NINE showed an intraday change of 6.24% in last session, and over the past year, it shrunk by -70.61%%.
Data on historical trading for Nine Energy Service Inc (NYSE:NINE) indicates that the trading volumes over the past 10 days have averaged 0.67 and over the past 3 months, they’ve averaged 532.84K. According to company’s latest data on outstanding shares, there are 35.32 million shares outstanding.
Nearly 26.84% of Nine Energy Service Inc’s shares belong to company insiders and institutional investors own 49.60% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 2.58 million shares as on 2024-10-15, resulting in a short ratio of 4.43. According to the data, the short interest in Nine Energy Service Inc (NINE) stood at 854.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 2.52 million. The stock has fallen by -61.94% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the NINE stock heading into the next quarter.
