Nine Energy Service ( (NINE) ) has issued an update.
On April 30, 2025, Nine Energy Service received a notification from the NYSE regarding noncompliance with the minimum share price requirement, as its stock price fell below $1.00 over 30 consecutive trading days. The company plans to address this issue within a six-month period, considering options like a reverse stock split, subject to stockholder approval. If compliance is not regained, the NYSE may delist the stock, potentially impacting the company’s liquidity and investor interest.
Spark’s Take on NINE Stock
According to Spark, TipRanks’ AI Analyst, NINE is a Neutral.
Nine Energy Service’s overall score reflects significant financial risks due to high leverage and ongoing losses. While technical analysis indicates bearish momentum, strategic initiatives and corporate restructuring provide some positive outlook. However, current valuation challenges and market conditions present ongoing risks.
To see Spark’s full report on NINE stock, click here.
More about Nine Energy Service
Nine Energy Service is an oilfield services company that provides completion solutions in North America and internationally. It is headquartered in Houston, Texas, and operates in regions such as the Permian, Eagle Ford, and Bakken, among others. The company focuses on delivering customized solutions and advanced technology to the global oil and gas industry.
YTD Price Performance: -30.73%
Average Trading Volume: 705,874
Technical Sentiment Signal: Buy
Current Market Cap: $36.08M
See more insights into NINE stock on TipRanks’ Stock Analysis page.