Nine Energy Service Inc (NYSE:NINE) price closed lower on Friday, April 12, dropping -1.05% below its previous close.
A look at the daily price movement shows that the last close reads $2.85. The company’s 5Y monthly beta was ticking 3.46. Taking into account the 52-week price action we note that the stock hit a 52-week high of $5.65 and 52-week low of $1.78. The stock added 29.36% on its value in the past month.
Nine Energy Service Inc, which has a market valuation of $99.60 million, is expected to release its quarterly earnings report May 06, 2024 – May 10, 2024.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give NINE a short term outlook of 50% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Sell, while an average of long term indicators are currently assigning the stock as Hold.
The overview shows that NINE’s price is at present 18.29% off the SMA20 and 24.59% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 65.93, with weekly volatility standing at 12.09%. The indicator jumps to 8.35% when calculated based on the past 30 days. Nine Energy Service Inc (NYSE:NINE)’s beta value is holding at 3.42, while the average true range (ATR) indicator is currently reading 0.22. An analysis of the Nine Energy Service Inc (NYSE:NINE) stock in terms of its daily trading volume indicates that the 3-month average is 623.99K.
Current records show that the company has 35.32M in outstanding shares. The insiders’ percentage holdings are 18.35% of outstanding shares while the percentage share held by institutions stands at 57.77%. But the 5.22% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
