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NINE
Stock ticker: NYSE
AS OF
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Price
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Capitalization
150.95M

NINE Nine Energy Service Forecast, Technical & Fundamental Analysis

a provider of oil and gas well services

Technical Analysis# Of IndicatorsAvg. Odds
   
   
Show details...
A.I.Advisor
a Summary for NINE with price predictions
08:00 PM EDT Sep 26, 2023

NINE sees MACD Histogram crosses below signal line

NINE saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on September 19, 2023. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 37 instances where the indicator turned negative. In of the 37 cases the stock moved lower in the days that followed. This puts the odds of a downward move at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on September 15, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on NINE as a result. In of 86 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The 10-day moving average for NINE crossed bearishly below the 50-day moving average on September 19, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 11 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where NINE declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

The Aroon Indicator for NINE entered a downward trend on September 01, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Bullish Trend Analysis

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 60 cases where NINE's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

NINE moved above its 50-day moving average on September 27, 2023 date and that indicates a change from a downward trend to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where NINE advanced for three days, in of 277 cases, the price rose further within the following month. The odds of a continued upward trend are .

NINE may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. NINE’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.000) is normal, around the industry mean (3.831). P/E Ratio (9.242) is within average values for comparable stocks, (39.900). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (2.119). Dividend Yield (0.000) settles around the average of (0.040) among similar stocks. P/S Ratio (0.210) is also within normal values, averaging (2.410).

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. NINE’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 85, placing this stock worse than average.

A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Schlumberger Limited (NYSE:SLB), Halliburton Company (NYSE:HAL), Valaris Limited (NYSE:VAL).

Industry description

The oilfield services/equipment industry is involved in providing various equipment and services to oil and natural gas producers. These companies rent drilling rigs and/or provide services to build and maintain oil and gas wells. The performance of this industry is dependent on demand for oil and natural gas, which in turn is often driven by macroeconomic conditions or business cycles. Schlumberger NV, Halliburton Company, and Baker Hughes are some of the biggest oilfield services companies.

Market Cap

The average market capitalization across the Oilfield Services/Equipment Industry is 3.09B. The market cap for tickers in the group ranges from 717 to 85.04B. SLB holds the highest valuation in this group at 85.04B. The lowest valued company is FLSS at 717.

High and low price notable news

The average weekly price growth across all stocks in the Oilfield Services/Equipment Industry was 1%. For the same Industry, the average monthly price growth was 6%, and the average quarterly price growth was 25%. NGS experienced the highest price growth at 25%, while CGGYY experienced the biggest fall at -19%.

Volume

The average weekly volume growth across all stocks in the Oilfield Services/Equipment Industry was 18%. For the same stocks of the Industry, the average monthly volume growth was 88% and the average quarterly volume growth was 27%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 59
P/E Growth Rating: 74
Price Growth Rating: 44
SMR Rating: 70
Profit Risk Rating: 85
Seasonality Score: -1 (-100 ... +100)
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Technical Analysis# Of IndicatorsAvg. Odds
   
   
Show details...
A.I. Advisor
published Earnings

NINE is expected to report earnings to rise 125.00% to -18 cents per share on November 09

Nine Energy Service NINE Stock Earnings Reports
Q3'23
Est.
$-0.18
Q2'23
Missed
by $0.07
Q1'23
Missed
by $0.44
Q4'22
Missed
by $0.05
Q3'22
Beat
by $0.38
The last earnings report on August 03 showed earnings per share of -7 cents, missing the estimate of 0 cents. With 865.83K shares outstanding, the current market capitalization sits at 150.95M.
A.I. Advisor
published General Information

General Information

a provider of oil and gas well services

Industry OilfieldServicesEquipment

Profile
Fundamentals
Details
Industry
Oilfield Services Or Equipment
Address
2001 Kirby Drive
Phone
+1 281 730-5100
Employees
1212
Web
https://www.nineenergyservice.com
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NINE and

Correlation & Price change

A.I.dvisor indicates that over the last year, NINE has been closely correlated with LBRT. These tickers have moved in lockstep 70% of the time. This A.I.-generated data suggests there is a high statistical probability that if NINE jumps, then LBRT could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To NINE
1D Price
Change %
NINE100%
+10.10%
LBRT - NINE
70%
Closely correlated
+5.24%
HAL - NINE
67%
Closely correlated
+3.04%
SLB - NINE
64%
Loosely correlated
+2.82%
TS - NINE
63%
Loosely correlated
+3.27%
KLXE - NINE
63%
Loosely correlated
+11.10%
More

Groups containing NINE

Correlation & Price change

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To NINE
1D Price
Change %
NINE100%
+10.10%
NINE
(undefined stocks)
81%
Closely correlated
+6.13%
oil field service
(undefined stocks)
71%
Closely correlated
+3.76%
oil field equipment
(undefined stocks)
71%
Closely correlated
+3.72%
Oilfield Services/Equipment
(undefined stocks)
70%
Closely correlated
+1.70%
gas wells
(undefined stocks)
66%
Loosely correlated
+2.80%
More