Overall market sentiment has been high on Nine Energy Service Inc (NINE) stock lately. NINE receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.
Nine Energy Service Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on NINE!
In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.
Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.
InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.
Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.
What's Happening With NINE Stock Today?
Nine Energy Service Inc (NINE) stock is trading at $10.03 as of 2:34 PM on Friday, Dec 2, a decline of -$0.53, or -5.02% from the previous closing price of $10.56. The stock has traded between $10.00 and $10.73 so far today. Volume today is below average. So far 743,917 shares have traded compared to average volume of 1,788,749 shares.
To screen for more stocks like 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 one segment, Completion 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. It operates in the US, Canada, and other countries where most of the revenue is generated from the United States.
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