Currently, there are 42.35M common shares owned by the public and among those 30.44M shares have been available to trade.
The company’s stock has a 5-day price change of 41.90% and -40.31% over the past three months. NINE shares are trading -34.45% year to date (YTD), with the 12-month market performance down to -52.94% lower. It has a 12-month low price of $0.44 and touched a high of $2.02 over the same period. NINE has an average intraday trading volume of 733.27K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 35.95%, 6.10%, and -31.34% respectively.
Institutional ownership of Nine Energy Service Inc (NYSE: NINE) shares accounts for 29.33% of the company’s 42.35M shares outstanding.
It has a market capitalization of $31.09M and a beta (3y monthly) value of 2.52. The earnings-per-share (ttm) stands at -$1.05. Price movements for the stock have been influenced by the stock’s volatility, which stands at 10.17% over the week and 7.82% over the month.
Analysts forecast that Nine Energy Service Inc (NINE) will achieve an EPS of -0.22 for the current quarter, -0.25 for the next quarter and -0.95 for current fiscal year. The lowest estimate earnings-per-share for the quarter is -0.22 while analysts give the company a high EPS estimate of -0.22. Comparatively, EPS for the current quarter was -0.39 a year ago. Earnings per share for the fiscal year are expected to increase by 14.97%, and -2.50% over the next financial year. EPS should shrink at an annualized rate of 12.42% over the next five years, compared to 31.69% over the past 5-year period.
Looking at the support for the NINE, a number of firms have released research notes about the stock. Citigroup stated their Neutral rating for the stock in a research note on December 15, 2020, with the firm’s price target at $1-$3. Tudor Pickering on their part issued Hold rating on March 11, 2020.
