With 0.91 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.71 million shares. The 52-week range on NINE shows that it touched its highest point at $2.07 and its lowest point at $0.60 during that stretch. It currently has a 1-year price target of $0.75. Beta for the stock currently stands at 2.73.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of NINE was down-trending over the past week, with a drop of -11.95%, but this was down by -15.59% over a month. Three-month performance dropped to -41.66% while six-month performance fell -44.90%. The stock lost -65.46% in the past year, while it has lost -38.01% so far this year. A look at the trailing 12-month EPS for NINE yields -1.05 with Next year EPS estimates of -0.95. For the next quarter, that number is -0.22. This implies an EPS growth rate of 14.97% for this year and -2.50% for next year. EPS is expected to grow by 12.42% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 31.69%.
Float and Shares Shorts:
At present, 42.35 million NINE shares are outstanding with a float of 30.72 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for NINE since 1 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$1.1209 being high and -$1.1209 being low. For NINE, this leads to a yearly average estimate of -$1.1209. Based on analyst estimates, the high estimate for the next quarter is -$0.25 and the low estimate is -$0.25. The average estimate for the next quarter is thus -$0.25.
