Independence Contract Drilling Inc. (NYSE: ICD) established initial surge of 29.18% at $6.64, as the Stock market unbolted on February 19, 2021. During the day, the stock rose to $6.75 and sunk to $5.13 before settling in for the price of $5.14 at the close. Taking a more long-term approach, ICD posted a 52-week range of $1.08-$14.39.
In the past 5-years timespan, the Energy sector firm’s annual sales growth was 23.70%. Meanwhile, its Annual Earning per share during the time was 13.40%. Nevertheless, stock’s Earnings Per Share (EPS) this year is -91.70%. This publicly-traded company’s shares outstanding now amounts to $5.70 million, simultaneously with a float of $5.42 million. The organization now has a market capitalization sitting at $31.67 million. At the time of writing, stock’s 50-day Moving Average stood at $3.88, while the 200-day Moving Average is $3.68.
If we measure the efficiency of the company that is accounted for 650 employees. It has generated 313,234 per worker during the last fiscal year. Meanwhile, its income per employee was -93,520. The stock had 5.23 Receivables turnover and 0.35 Total Asset turnover. For the Profitability, stocks gross margin was +6.54, operating margin was -1.34 and Pretax Margin of -29.92.
Independence Contract Drilling Inc. (ICD) Ownership Facts and Figures
Sometimes it is also beneficial to study the sentiment of large-scale investors towards the stock of the Independence Contract Drilling Inc. industry. Independence Contract Drilling Inc.’s current insider ownership accounts for 1.80%, in contrast to 23.10% institutional ownership. According to the most recent insider trade that took place on Dec 31, this organization’s Director sold 6,675 shares at the rate of 3.00, making the entire transaction reach 20,025 in total value, affecting insider ownership by 171,543. Preceding that transaction, on Dec 31, Company’s Director sold 27,982 for 3.00, making the whole transaction’s value amount to 83,946. This particular insider is now the holder of 723,622 in total.
Independence Contract Drilling Inc. (ICD) Earnings and Revenue Records
Going through the last 3-months fiscal report unveiled on the 9/29/2020, it has been observed that the corporation posted -$2.73 earnings per share (EPS) during the time that was better the consensus figure (set at -$3.18) by $0.45. This company achieved a net margin of -29.86 while generating a return on equity of -16.81. Wall Street market experts anticipate that the next fiscal year will bring earnings of -2.53 per share during the current fiscal year.
Independence Contract Drilling Inc.’s EPS decrease for this current 12-month fiscal period is -91.70% and is forecasted to reach -8.94 in the upcoming year. Considering the longer run, market analysts have predicted that Company’s EPS will increase by 7.00% through the next 5 years, which can be compared against the 13.40% growth it accomplished over the previous five years trading on the market.
Independence Contract Drilling Inc. (NYSE: ICD) Trading Performance Indicators
Let’s observe the current performance indicators for Independence Contract Drilling Inc. (ICD). It’s Quick Ratio in the last reported quarter now stands at 2.00. The Stock has managed to achieve an average true range (ATR) of 0.57. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 0.27.
In the same vein, ICD’s Diluted EPS (Earnings per Share) trailing twelve months is recorded -22.03, a figure that is expected to reach -2.63 in the next quarter, and analysts are predicting that it will be -8.94 at the market close of one year from today.
Technical Analysis of Independence Contract Drilling Inc. (ICD)
Now, what If we examine the latest scores posted by [Independence Contract Drilling Inc., ICD]. During the last 5-days, its volume was better the volume of 0.39 million it reported in year-ago period. During the previous 9 days, stock’s Stochastic %D was recorded 82.78% While, its Average True Range was 0.64.
Raw Stochastic average of Independence Contract Drilling Inc. (ICD) in the period of the previous 100 days is set at 97.57%, which indicates a major rise in contrast to 96.50% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 136.35% that was higher than 102.52% volatility it exhibited in the past 100-days period.