Nine Energy Service Stock Probability of Future Stock Price Finishing Over 2.88
| NINE Stock | USD 2.80 0.02 0.71% |
Closest to current price Nine long CALL Option Payoff at Expiration
Nine |
Nine Energy Target Price Odds to finish over 2.88
The tendency of Nine Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move over $ 2.88 or more in 90 days |
| 2.80 | 90 days | 2.88 | near 1 |
Based on a normal probability distribution, the odds of Nine Energy to move over $ 2.88 or more in 90 days from now is near 1 (This Nine Energy Service probability density function shows the probability of Nine Stock to fall within a particular range of prices over 90 days) . Probability of Nine Energy Service price to stay between its current price of $ 2.80 and $ 2.88 at the end of the 90-day period is about 1.29 .
Given the investment horizon of 90 days Nine Energy has a beta of 0.23. This indicates as returns on the market go up, Nine Energy average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Nine Energy Service will be expected to be much smaller as well. Additionally Nine Energy Service has an alpha of 0.2061, implying that it can generate a 0.21 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). Nine Energy Price Density |
| Price |
Predictive Modules for Nine Energy
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Nine Energy Service. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nine Energy's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Nine Energy Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Nine Energy is not an exception. The market had few large corrections towards the Nine Energy's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Nine Energy Service, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Nine Energy within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 0.21 | |
β | Beta against NYSE Composite | 0.23 | |
σ | Overall volatility | 0.24 | |
Ir | Information ratio | 0.04 |
Nine Energy Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Nine Energy for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Nine Energy Service can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Nine Energy Service had very high historical volatility over the last 90 days | |
| Nine Energy Service has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the previous year's revenue of 609.53 M. Net Loss for the year was (32.21 M) with profit before overhead, payroll, taxes, and interest of 136.29 M. | |
| Nine Energy Service has a poor financial position based on the latest SEC disclosures | |
| About 58.0% of the company shares are owned by institutional investors | |
| Latest headline from businesswire.com: Nine Energy Service Announces Timing of First Quarter 2024 Earnings Release and Conference Call |
Nine Energy Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Nine Stock often depends not only on the future outlook of the current and potential Nine Energy's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Nine Energy's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 33.3 M | |
| Cash And Short Term Investments | 30.8 M |
Nine Energy Technical Analysis
Nine Energy's future price can be derived by breaking down and analyzing its technical indicators over time. Nine Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Nine Energy Service. In general, you should focus on analyzing Nine Stock price patterns and their correlations with different microeconomic environments and drivers.
Nine Energy Predictive Forecast Models
Nine Energy's time-series forecasting models is one of many Nine Energy's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Nine Energy's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Nine Energy Service
Checking the ongoing alerts about Nine Energy for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Nine Energy Service help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Nine Energy Service had very high historical volatility over the last 90 days | |
| Nine Energy Service has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the previous year's revenue of 609.53 M. Net Loss for the year was (32.21 M) with profit before overhead, payroll, taxes, and interest of 136.29 M. | |
| Nine Energy Service has a poor financial position based on the latest SEC disclosures | |
| About 58.0% of the company shares are owned by institutional investors | |
| Latest headline from businesswire.com: Nine Energy Service Announces Timing of First Quarter 2024 Earnings Release and Conference Call |
Check out Nine Energy Backtesting, Nine Energy Valuation, Nine Energy Correlation, Nine Energy Hype Analysis, Nine Energy Volatility, Nine Energy History as well as Nine Energy Performance. You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.
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When running Nine Energy's price analysis, check to measure Nine Energy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Nine Energy is operating at the current time. Most of Nine Energy's value examination focuses on studying past and present price action to predict the probability of Nine Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nine Energy's price. Additionally, you may evaluate how the addition of Nine Energy to your portfolios can decrease your overall portfolio volatility.
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Is Nine Energy's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Nine Energy. If investors know Nine will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Nine Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.97) | Revenue Per Share 18.314 | Quarterly Revenue Growth (0.14) | Return On Assets 0.0276 | Return On Equity (5.83) |
The market value of Nine Energy Service is measured differently than its book value, which is the value of Nine that is recorded on the company's balance sheet. Investors also form their own opinion of Nine Energy's value that differs from its market value or its book value, called intrinsic value, which is Nine Energy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Nine Energy's market value can be influenced by many factors that don't directly affect Nine Energy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Nine Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nine Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nine Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.