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NINE’s latest rating updates from top analysts.

Nine Energy Service Inc’s recent filing unveils that its insider Sirkes Guy unloaded Company’s shares for reported $36609.0 on Mar 13 ’24. In the deal valued at $2.19 per share,16,709 shares were sold. As a result of this transaction, Sirkes Guy now holds 117,918 shares worth roughly $0.25 million.

Then, Fox Ann G sold 216,704 shares, generating $470,248 in total proceeds. Upon selling the shares at $2.17, the insider now owns 508,783 shares.

Before that, Crombie David sold 40,657 shares. Nine Energy Service Inc shares valued at $187,022 were divested by the insider at a price of $4.60 per share. As a result of the transaction, Crombie David now holds 209,075 shares, worth roughly $0.45 million.

Citigroup upgraded its Nine Energy Service Inc [NINE] rating to a Neutral from a a Sell in a research note published on December 15, 2020; the price target was increased to $3 from $1. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who decreased its forecast for the stock in mid May from “an Overweight” to “a Neutral”. Goldman also remained covering NINE and has decreased its forecast on March 27, 2020 with a “Neutral” recommendation from previously “Buy” rating. Wells Fargo revised its rating on March 13, 2020. It rated NINE as “an Underweight” which previously was an “an Equal weight”.

Price Performance Review of NINE

On Tuesday, Nine Energy Service Inc [NYSE:NINE] saw its stock fall -5.68% to $2.16. Over the last five days, the stock has lost -10.74%. Nine Energy Service Inc shares have fallen nearly -19.40% since the year began. Nevertheless, the stocks have fallen -44.04% over the past one year. While a 52-week high of $5.59 was reached on 04/12/24, a 52-week low of $1.78 was recorded on 03/07/24. SMA at 50 days reached $2.33, while 200 days put it at $3.11. A total of 0.46 million shares were traded, compared to the trading of 0.26 million shares in the previous session.

Levels Of Support And Resistance For NINE Stock

The 24-hour chart illustrates a support level at 2.11, which if violated will result in even more drops to 2.06. On the upside, there is a resistance level at 2.26. A further resistance level may holdings at 2.35. The Relative Strength Index (RSI) on the 14-day chart is 38.02, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.26, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 99.55%. Stochastics %K at 4.68% indicates the stock is a buying.

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