Nine Energy Service Stock Today
| NINE Stock | USD 2.16 0.13 5.68% |
Performance0 of 100
| Odds Of DistressOver 63
|
Nine Energy is trading at 2.16 as of the 1st of May 2024, a -5.68 percent decrease since the beginning of the trading day. The stock's lowest day price was 2.15. Nine Energy has more than 63 % chance of experiencing financial distress in the next few years of operation. It also generated negative returns for investors over the last 90 days. Equity ratings for Nine Energy Service are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 1st of April 2024 and ending today, the 1st of May 2024. Click here to learn more.
Business Domain Energy | IPO Date 19th of January 2018 |
Nine Energy Service, Inc. operates as an onshore completion services provider that targets unconventional oil and gas resource development across North American basins and internationally. Nine Energy Service, Inc. was incorporated in 2011 and is headquartered in Houston, Texas. The company has 35.32 M outstanding shares of which 3.96 M shares are now shorted by private and institutional investors with about 5.37 trading days to cover. More on Nine Energy Service
Moving together with Nine Stock
| 0.61 | DWSN | Dawson Geophysical | PairCorr |
Moving against Nine Stock
| 0.55 | NOA | North American Const | PairCorr |
Nine Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Nine Energy's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Nine Energy or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| CEO | Ann Fox | ||||
| Old Names | [Delta 9 Cannabis Inc, Nation International Edutainment Public Company Limited] | ||||
| Business Concentration | Oil & Gas Equipment & Services, Energy, NYSE Composite, Energy, Energy Equipment & Services, Oil & Gas Equipment & Services, Energy (View all Sectors) | ||||
| Average Analyst Recommendation Analysts covering Nine Energy report their recommendations after researching Nine Energy's financial statements, talking to executives and customers, or listening in on Nine Energy's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Nine Energy Service. The Nine consensus assessment is calculated by taking the average forecast from all of the analysts covering Nine Energy. | |||||
Nine Energy's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Nine Energy's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | |||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Nine Energy's financial leverage. It provides some insight into what part of Nine Energy's total assets is financed by creditors.
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Nine Energy Service (NINE) is traded on New York Stock Exchange in USA. It is located in 2001 Kirby Drive, Houston, TX, United States, 77019 and employs 1,157 people. Nine Energy is listed under Oil & Gas Equipment & Services category by Fama And French industry classification. The company currently falls under 'Micro-Cap' category with a current market capitalization of 76.3 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Nine Energy's market, we take the total number of its shares issued and multiply it by Nine Energy's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Nine Energy Service conducts business under Energy Equipment & Services sector and is part of Energy industry. The entity has 35.32 M outstanding shares of which 3.96 M shares are now shorted by private and institutional investors with about 5.37 trading days to cover.
Nine Energy Service currently holds about 22.41 M in cash with 45.51 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.67.
Check Nine Energy Probability Of Bankruptcy
Ownership AllocationNine Energy Service maintains a total of 35.32 Million outstanding shares. Over half of Nine Energy's outstanding shares are owned by institutional investors. These institutional investors are typically referred to as corporate investors that shop for positions in a given instrument to benefit from reduced trade commissions. Consequently, these institutions are subject to different rules and regulations than regular investors in Nine Energy Service. Please watch out for any change in the institutional holdings of Nine Energy Service as this could mean something significant has changed or is about to change at the company. Please note that no matter how many assets the company has, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check Nine Ownership Details
Nine Stock Price Odds Analysis
What are Nine Energy's target price odds to finish over the current price? Based on a normal probability distribution, the odds of Nine Energy jumping above the current price in 90 days from now is about 74.75%. The Nine Energy Service probability density function shows the probability of Nine Energy stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days Nine Energy has a beta of 0.3764. This indicates as returns on the market go up, Nine Energy average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Nine Energy Service will be expected to be much smaller as well. Additionally, nine Energy Service has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Nine Energy to move above the current price in 90 days from now is about 74.75 (This Nine Energy Service probability density function shows the probability of Nine Stock to fall within a particular range of prices over 90 days) .
Nine Stock Institutional Holders
Institutional Holdings refers to the ownership stake in Nine Energy that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Nine Energy's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Nine Energy's value.| Instituion | Recorded On | Shares | |
| Franklin Resources Inc | 2023-12-31 | 198.1 K | |
| Lord, Abbett & Co Llc | 2023-12-31 | 157.2 K | |
| Geode Capital Management, Llc | 2023-12-31 | 156.6 K | |
| Susquehanna International Group, Llp | 2023-12-31 | 147.7 K | |
| Bridgeway Capital Management, Llc | 2023-12-31 | 132.7 K | |
| Cannell Capital Llc | 2023-12-31 | 132.5 K | |
| Gsa Capital Partners Llp | 2023-12-31 | 118.8 K | |
| Bank Of New York Mellon Corp | 2023-12-31 | 109.8 K | |
| Bank Of America Corp | 2023-12-31 | 100 K | |
| Simmons L E & Associates Inc | 2023-12-31 | 9.1 M | |
| Gendell Jeffrey L | 2023-12-31 | 3.3 M |
Nine Energy Historical Income Statement
Nine Energy Service Income Statement is one of the three primary financial statements used for reporting Nine's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Nine Energy Service revenue and expense. Nine Energy Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At present, Nine Energy's Selling General Administrative is projected to increase significantly based on the last few years of reporting. The current year's Other Operating Expenses is expected to grow to about 600.9 M, whereas Total Revenue is forecasted to decline to about 439.3 M. View More FundamentalsNine Stock Against Markets
Picking the right benchmark for Nine Energy stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Nine Energy stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Nine Energy is critical whether you are bullish or bearish towards Nine Energy Service at a given time. Please also check how Nine Energy's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Nine Energy without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Nine Energy Corporate Directors
Nine Energy corporate directors refer to members of a Nine Energy board of directors. The board of directors generally takes responsibility for the Nine Energy's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Nine Energy's board members must vote for the resolution. The Nine Energy board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Kritha Matithanawirun | Independent Director | Profile | |
| Scott Schwinger | Independent Director | Profile | |
| David Baldwin | Independent Director | Profile | |
| Thapchai SAEYOON | Director | Profile |
How to buy Nine Stock?
Before investing in Nine Energy, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Nine Energy. To buy Nine Energy stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Nine Energy. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Nine Energy stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Nine Energy Service stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Nine Energy Service stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Nine Energy Service, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Nine Stock please use our How to Invest in Nine Energy guide.
Already Invested in Nine Energy Service?
The danger of trading Nine Energy Service is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Nine Energy is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Nine Energy. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Nine Energy Service is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Nine Energy Service is a strong investment it is important to analyze Nine Energy's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Nine Energy's future performance. For an informed investment choice regarding Nine Stock, refer to the following important reports: Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nine Energy Service. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for Nine Stock analysis
When running Nine Energy's price analysis, check to measure Nine Energy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Nine Energy is operating at the current time. Most of Nine Energy's value examination focuses on studying past and present price action to predict the probability of Nine Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nine Energy's price. Additionally, you may evaluate how the addition of Nine Energy to your portfolios can decrease your overall portfolio volatility.
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Is Nine Energy's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Nine Energy. If investors know Nine will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Nine Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.97) | Revenue Per Share 18.314 | Quarterly Revenue Growth (0.14) | Return On Assets 0.0276 | Return On Equity (5.83) |
The market value of Nine Energy Service is measured differently than its book value, which is the value of Nine that is recorded on the company's balance sheet. Investors also form their own opinion of Nine Energy's value that differs from its market value or its book value, called intrinsic value, which is Nine Energy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Nine Energy's market value can be influenced by many factors that don't directly affect Nine Energy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Nine Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nine Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nine Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.