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Is Nine Energy Services Inc (NYSE:NINE) Stock All Set To Hit New High This Week?

Nine Energy Services Inc (NYSE:NINE) came into considerable focus earlier on this week after the company announced the schedule of its conference call for the second fiscal quarter financial results.

Yesterday investors piled on to the stock in a big way and the Nine Energy stock ended up clocking gains of as much as 15%. Back on July 12, the company announced that the above mentioned conference call has been scheduled at 9 a.m. Central Time on August 5, 2021. It was also pointed out that during the course of the conference call; the company is going to discuss the operating results as well as financial results for the quarter that ended on June 30, 2021.

The financial results are going to be released by the company prior to the commencement of the conference call. Those who are interested in joining the call from the United States can call the toll free number (877) 524-8416. Back in March the company had announced its financial results for the fiscal fourth quarter and the full year 2020. At the end of the financial year that ended on December 31, 2020, the company boasted of a cash balance of as much as $68.9 million.

Market Reaction:

On Tuesday, NINE stock soared 15.44% at $3.29 with more than 2.57 million shares, compared to its average volume of 153k shares. The stock had moved within a range of $2.8300 – 3.6999 after opening the trade at $2.90. Over the past 52-week, the stock has been trading within a range of $0.9890 – 4.0350.

Published by Madison Hall

After graduating from the University of Buffalo, Madison gained a real interest in the markets. She tends to be a swing trader and enjoys Pilates and yoga in her downtime.

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