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Reason’s why Nine Energy Service Inc. (NINE) is an asset to your trade with current Target Price of $13.75

For the readers interested in the stock health of Nine Energy Service Inc. (NINE). It is currently valued at $5.47. When the transactions were called off in the previous session, Stock hit the highs of $6.00, after setting-off with the price of $5.80. Company’s stock value dipped to $5.18 during the trading on the day. When the trading was stopped its value was $6.44.Recently in News on March 7, 2023, Nine Energy Service Announces Fourth Quarter and Full Year 2022 Results. Full year 2022 revenue, net income and adjusted EBITDAA of $593.4 million, $14.4 million and $93.7 million, respectively. 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 $17.10 on 01/17/23, with the lowest value was $2.03 for the same time period, recorded on 07/14/22.

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Nine Energy Service Inc. (NINE) full year performance was 72.56%

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 -68.01% during the 52-week period from high price, and 169.46% 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 $2.03 and $17.10.

The company’s shares, operating in the sector of Energy managed to top a trading volume set approximately around 1612442 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 -62.35%, having the revenues showcasing -37.56% 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 196.81M, as it employees total of 1212 workers.

Market experts do have their say about 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 10.20, with a change in the price was noted +0.79. In a similar fashion, Nine Energy Service Inc. posted a movement of +16.88% for the period of last 100 days, recording 1,613,422 in trading volumes.

Technical breakdown of Nine Energy Service Inc. (NINE)

Raw Stochastic average of Nine Energy Service Inc. in the period of last 50 days is set at 2.43%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 4.79%. In the last 20 days, the company’s Stochastic %K was 3.51% and its Stochastic %D was recorded 3.20%.

Bearing in mind the latest performance of Nine Energy Service Inc., several 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 -62.35%. Additionally, trading for the stock in the period of the last six months notably improved by 78.76%, alongside a boost of 72.56% for the period of the last 12 months. The shares increased approximately by -38.95% in the 7-day charts and went up by -49.91% in the period of the last 30 days. Common stock shares were lifted by -37.56% during last recorded quarter.

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