The market has been neutral on Nine Energy Service Inc (NINE) stock recently. NINE gets a Neutral score from InvestorsObserver's Stock Sentiment Indicator.
Nine Energy Service Inc has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on NINE!
What is Stock Sentiment?
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.
Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.
InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.
The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What's Happening With NINE Stock Today?
Nine Energy Service Inc (NINE) stock is down -4.88% while the S&P 500 is unchanged 0% as of 4:00 PM on Tuesday, Jun 30. NINE is lower by -$0.10 from the previous closing price of $2.05 on volume of 93,329 shares. Over the past year the S&P 500 is up 3.00% while NINE is lower by -88.54%. NINE earned $0.11 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 15.91.
To see InvestorsObserver's Sentiment Score for Nine Energy Service Inc click here.
More About Nine Energy Service Inc
Nine Energy Service Inc is a North American onshore completion and production services provider. It targets unconventional oil and gas resource development. It operates in two segments, Completion Solutions, which is the key revenue generator, and Production Solutions. The Completion Solutions segment offers cementing services; completion tools, including liner hangers and accessories, frac sleeves, fully composite frac plugs, and specialty open hole float equipment and centralizers and other services. The Production Solutions segment provides production enhancement and well workover services through well-servicing rigs and ancillary equipment. It operates in the US, Canada, and other countries where the majority of the revenue is generated from the United States.
