Nine Energy Service Stock Price on May 12, 2024

NINE Stock  USD 1.58  0.02  1.25%   
If you're considering investing in Nine Stock, it is important to understand the factors that can impact its price. As of today, the current price of Nine Energy stands at 1.58, as last reported on the 6th of June, with the highest price reaching 1.68 and the lowest price hitting 1.56 during the day. Nine Energy Service has Sharpe Ratio of -0.11, which conveys that the firm had a -0.11% return per unit of risk over the last 3 months. Nine Energy exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nine Energy's Risk Adjusted Performance of (0.06), standard deviation of 4.16, and Mean Deviation of 3.11 to check out the risk estimate we provide.
  
Nine Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.1069

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Estimated Market Risk

 4.16
  actual daily
36
64% of assets are more volatile

Expected Return

 -0.44
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.11
  actual daily
0
Most of other assets perform better
Based on monthly moving average Nine Energy is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Nine Energy by adding Nine Energy to a well-diversified portfolio.

Related Headline

Geospace Technologies Headline on 10th of May 2024

Q2 Revenue 24.3M, down 22.6 percent from 31.4M in the same quarter last year.Q2 Net Loss 4.3M, or per diluted share, compared to a net income of 4.6M, o

Nine Energy Valuation on May 12, 2024

It is possible to determine the worth of Nine Energy on a given historical date. On May 12, 2024 Nine was worth 1.98 at the beginning of the trading date compared to the closed value of 1.89. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Nine Energy stock. Still, in general, we apply an absolute valuation method to find Nine Energy's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Nine Energy where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Nine Energy's related companies.
 Open High Low Close Volume
  2.00    2.03    1.93    1.95    705,974  
05/10/2024
  1.98    2.07    1.85    1.89    796,238  
  1.85    1.93    1.81    1.82    787,967  
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Open Value
1.98
1.89
Closing Value
14.45
Upside

Nine Energy Trading Date Momentum on May 12, 2024

On May 13 2024 Nine Energy Service was traded for  1.82  at the closing time. The top price for the day was 1.93  and the lowest listed price was  1.81 . The trading volume for the day was 788 K. The trading history from May 13, 2024 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 3.70% . The trading delta at closing time against the current closing price is 2.12% .

Nine Energy Service Fundamentals Correlations and Trends

By evaluating Nine Energy's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Nine Energy's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Nine financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Nine Energy Stock history

Nine Energy investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Nine is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Nine Energy Service will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Nine Energy stock prices may prove useful in developing a viable investing in Nine Energy
Nine Energy Service, Inc. operates as an onshore completion services provider that targets unconventional oil and gas resource development across North American basins and internationally. Nine Energy Service, Inc. was incorporated in 2011 and is headquartered in Houston, Texas. Nine Energy operates under Oil Gas Equipment Services classification in the United States and is traded on New York Stock Exchange. It employs 944 people.

Nine Energy Stock Technical Analysis

Nine Energy technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Nine Energy technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Nine Energy trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Nine Energy Period Price Range

Low
May 10, 2024
-0.09  -4.55%
High

 1.98 

     

 1.89 

Nine Energy June 6, 2024 Market Strength

Market strength indicators help investors to evaluate how Nine Energy stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Nine Energy shares will generate the highest return on investment. By undertsting and applying Nine Energy stock market strength indicators, traders can identify Nine Energy Service entry and exit signals to maximize returns

Nine Energy Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Nine Energy's price direction in advance. Along with the technical and fundamental analysis of Nine Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Nine to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.

Complementary Tools for Nine Stock analysis

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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