Nine Energy Service Inc (NINE) stock is lower by 25.34% over the past week and gets a Bearish rating from InvestorsObserver's Sentiment Indicator.
Nine Energy Service Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on NINE!
What is Stock Sentiment?
Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.
Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish.
InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion.
For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.
What's Happening With NINE Stock Today?
Nine Energy Service Inc (NINE) stock has fallen -7.23% while the S&P 500 has risen 0.55% as of 1:59 PM on Monday, Jun 22. NINE is lower by -$0.17 from the previous closing price of $2.35 on volume of 307,313 shares. Over the past year the S&P 500 has risen 5.75% while NINE is lower by -87.11%. 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.
