Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Nine Energy Service Inc’s current trading price is -71.21% away from its 52-week high, while its distance from the 52-week low is 24.04%. The stock’s price range during this period has varied between $1.04 and $4.48. The company, active in the Energy sector, saw a trading volume of around 2.69 million for the day, considerably higher average daily volume of 0.41 million observed over the last three months.
Nine Energy Service Inc’s stock has had a tumultuous market performance. The 1-year high for the company’s stock was $4.48 on 10/12/23, and the lowest price during the same period was recorded at $1.04 on 09/10/24.
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How Financial Performance Impacts Market Capitalization
Nine Energy Service Inc (NINE) has experienced a quarterly decline of -24.12% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 53.11M and boasts a workforce of 1157 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 1.5107, with a change in price of -0.7200. Similarly, Nine Energy Service Inc recorded 556,256 in trading volume during the last 100 days, posting a change of -35.82%.
NINE Stock Stochastic Average
As of today, the raw stochastic average of Nine Energy Service Inc over the past 50 days is 25.51%. This is a decrease compared to the raw stochastic average of the last 20 days, which was recorded at 67.57%. Additionally, the Stochastic %K and %D values for the company were 49.19% and 41.29%, respectively, over the past 20 days.
NINE Stock Price Performance Analysis
The stock price’s performance over the year has been unpredictable, resulting in a mix of pessimistic and optimistic outlooks among investors. Year to date metric has recorded a loss of -51.87%.However, over the last six months, we can see a stronger performance of -45.80%. Over the last 30 days, the price of NINE has fallen by 6.61%. And in the last five days, it has surged by 8.40%.
