An Evaluation Of Nine Energy Service Inc (NYSE: NINE) Prospects

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Recently, Yahoo Finance discussed the stock, revealing that Nine Energy Service Announces Fourth Quarter and Full Year 2023 Results.

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Stocks Info

NINE belongs to the Energy sector of the NYSE while operating in the Oil & Gas Equipment & Services industry. The current market capitalization of Nine Energy Service Inc is $74.88M. A total of 0.62 million shares were traded on the day, compared to an average of 744.08K shares.

In the most recent transaction, Sirkes Guy sold 16,709 shares of NINE for 2.19 per share on Mar 13 ’24. After the transaction, the insider now owns 117,918 company shares. In a previous transaction on Mar 12 ’24, Fox Ann G sold 216,704 shares at 2.17 per share. NINE shares that the insider owns now total 508,783.

Among the insiders who sold shares, Crombie David disposed of 40,657 shares on Aug 11 ’23 at a per-share price of $4.60. This resulted in the insider holding 209,075 shares of NINE after the transaction. In another insider transaction, MOORE THEODORE R. sold 22,221 shares at $4.67 per share on Aug 11 ’23. Company shares held by the insider now total 115,725.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, NINE has a high of $6.88 and a low of $1.78.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. NINE’s latest balance sheet shows that the firm has $21.51M in Cash & Short Term Investments as of fiscal 2021. There were $372.07M in debt and $56.45M in liabilities at the time. Its Book Value Per Share was -$1.01, while its Total Shareholder’s Equity was -$39.27M.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for NINE is Buy with a score of 3.00.

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