Time to Buy Beat-Down Nine Energy Service Inc. (NINE) Stock? Here is the INSIGHT – Invest Chronicle

Time to Buy Beat-Down Nine Energy Service Inc. (NINE) Stock? Here is the INSIGHT

At the end of the latest market close, Nine Energy Service Inc. (NINE) was valued at $1.92. In that particular session, Stock kicked-off at the price of $2.11 while reaching the peak value of $2.11 and lowest value recorded on the day was $1.69. The stock current value is $1.73.Recently in News on August 4, 2021, Nine Energy Service Announces Second Quarter 2021 Results. Total liquidity position of $85.4 million as of June 30, 2021. You can read further details here

Nine Energy Service Inc. had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $4.0350 on 02/17/21, with the lowest value was $1.6500 for the same time period, recorded on 08/19/21.


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Nine Energy Service Inc. (NINE) full year performance was 55.86%

Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Nine Energy Service Inc. shares are logging -57.13% during the 52-week period from high price, and 65.44% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $1.05 and $4.03.

The company’s shares, operating in the sector of Energy managed to top a trading volume set approximately around 676588 for the day, which was evidently higher, when compared to the average daily volumes of the shares.

When it comes to the year-to-date metrics, the Nine Energy Service Inc. (NINE) recorded performance in the market was -36.40%, having the revenues showcasing -34.96% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 54.79M, as it employees total of 733 workers.

The Analysts eye on Nine Energy Service Inc. (NINE)

During the last month, 0 analysts gave the Nine Energy Service Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.

According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 2.3218, with a change in the price was noted -0.21. In a similar fashion, Nine Energy Service Inc. posted a movement of -10.82% for the period of last 100 days, recording 185,037 in trading volumes.

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Technical rundown of Nine Energy Service Inc. (NINE)

Raw Stochastic average of Nine Energy Service Inc. in the period of last 50 days is set at 3.90%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 10.81%. In the last 20 days, the company’s Stochastic %K was 28.83% and its Stochastic %D was recorded 36.64%.

Considering, the past performance of Nine Energy Service Inc., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -36.40%. Additionally, trading for the stock in the period of the last six months notably deteriorated by -45.94%, alongside a boost of 55.86% for the period of the last 12 months. The shares increased approximately by -15.61% in the 7-day charts and went down by -14.78% in the period of the last 30 days. Common stock shares were lifted by -34.96% during last recorded quarter.

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