While Nine Energy Service Inc has underperformed by -1.05%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, NINE fell by -47.29%, with highs and lows ranging from $5.65 to $1.78, whereas the simple moving average fell by -12.43% in the last 200 days.
On December 15, 2020, Citigroup Upgraded Nine Energy Service Inc (NYSE: NINE) to Neutral. A report published by Piper Sandler on May 18, 2020, Downgraded its rating to ‘Neutral’ for NINE. Goldman also Downgraded NINE shares as ‘Neutral’, setting a target price of $1.25 on the company’s shares in a report dated March 27, 2020. Tudor Pickering March 11, 2020d its ‘Buy’ rating to ‘Hold’ for NINE, as published in its report on March 11, 2020. JP Morgan also rated the stock as ‘Neutral’.
Analysis of Nine Energy Service Inc (NINE)
Further, the quarter-over-quarter decrease in sales is -13.56%, showing a negative trend in the upcoming months.
In order to gain a clear picture of Nine Energy Service Inc’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. Taking into account the quick ratio of the company, currently set at 1.56, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
An average volume of 623.99K can be a very valuable indicator of volatility for NINE stock. On a monthly basis, the volatility of the stock is set at 8.35%, whereas on a weekly basis, it is put at 12.09%, with a gain of 8.46% over the past seven days. Furthermore, long-term investors anticipate a median target price of $4.50, showing growth from the present price of $2.82, which can serve as yet another indication of whether NINE is worth investing in or should be passed over.
How Do You Analyze Nine Energy Service Inc Shares?
In addition to the fundamentals, you should also consider how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 18.35%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 57.77% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
NINE shares are owned by institutional investors to the tune of 57.77% at present.
