Independence Contract Buy Hold or Sell Recommendation

ICD -- USA Stock  

Fiscal Quarter End: December 31, 2019  

Considering 30-days investment horizon, and your above average risk tolerance our recommendation regarding Independence Contract Drilling is 'Strong Sell'. Macroaxis provides Independence Contract buy hold or sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding ICD positions. The advice algorithm takes into account all of Independence Contract available fundamental, technical, and predictive indicators you will find on this site. The advice is provided from ICD buy-and-hold prospective. Please also check Independence Contract Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for muliple equity instruments please use Instant Ratings tool.

Time Horizon

Risk Tolerance

Symbol
Execute Advice
Sell Independence ContractBuy Independence Contract
Strong Sell

Volatility

Hype Condition

Current Valuation

Odds of Distress

Economic Sensitivity

Analyst Consensus

Piotroski F Score

Financial Leverage

Inapplicable
For the selected time horizon Independence Contract Drilling has a mean deviation of 4.66, semi deviation of 0.0, standard deviation of 6.41, variance of 41.04, downside variance of 0.0 and semi variance of 0.0
We provide buy, hold, or sell suggestion to complement the regular expert consensus on Independence Contract. Our dynamic recommendation engine utilizes multi - dimensional algorithm to analyze the organization potential to grow using all technical and fundamental data available at the time. To make sure Independence Contract Drilling is not overpriced, please check out all Independence Contract fundamentals including its Price to Sales, Cash per Share and the relationship between Number of Shares Shorted and EBITDA . As Independence Contract appears to be a penny stock we also urge to confirm its Number of Shares Shorted numbers.

Independence Contract Trading Alerts and Improvement Suggestions

Independence Contract generates negative expected return over the last 30 days
Independence Contract has high historical volatility and very poor performance
Independence Contract has some characteristics of a very speculative penny stock
Independence Contract has high likelihood to experience some financial distress in the next 2 years
The company reported last year revenue of 221.1 M. Reported Net Loss for the year was (34.38 M) with profit before taxes, overhead, and interest of 47.39 M.
Over 82.0% of the company shares are owned by institutional investors
Latest headline from financerecorder.com: Independence Contract Drilling Stock Sentiment Worsens - FinanceRecorder

Independence Contract current analysts recommendations

Target Median Price2.00
Target Mean Price1.76
Recommendation Mean2.20
Target High Price2.50
Number Of Analyst Opinions7
Target Low Price0.75

Independence Contract Returns Distribution Density

Mean Return0.66Value At Risk8.91
Potential Upside11.59Standard Deviation6.41
 Return Density 
      Distribution 

Independence Contract Greeks

α
Alpha over DOW
=0.76
β
Beta against DOW=1.75
σ
Overall volatility
=6.48
Ir
Information ratio =0.11

Independence Contract Volatility Alert

Independence Contract Drilling is displaying above average volatility of 6.41 over selected time horizon. Investors should scrutinize Independence Contract Drilling independently to make sure intended market timing strategies are aligned with expectations about Independence Contract volatility. Independence Contract Drilling is a potential penny stock. Although Independence Contract may be in fact a good instrument to invest, many penny stocks are speculative in nature and are subject to artificial stock hype. Please make sure you totally understand upside potential and downside risk of investing in Independence Contract Drilling. We encourage investors to look for the signals such us email spams, message board hypes, claims of breakthroughs, volume upswings,sudden news releases, promotions that are not reported, or demotions released before SEC filings. Please also check biographies and work history of current and past company officers before investing in high volatility instruments, penny stocks, or equities with microcap classification. You can indeed make money on this equity instrument if you perfectly time your entry and exit. However, remember that penny stocks that has been the subject of an artificial hype usually unable to maintain its increased share price for more than just a few days. The price of a promoted high volatility instrument will almost always revert back. The one and only way to increase shareholder value is through legitimate performance backed up by solid fundamentals.
    
 Better Than Average     
    
 Worse Than Average Compare Independence Contract to competition

Independence Contract Fundamental Vs Peers

FundamentalsIndependence ContractPeer Average
Return On Equity(0.0386) (0.31) 
Return On Asset(0.0305) (0.14) 
Profit Margin(0.33) (1.27) 
Operating Margin24.34 (5.51) 
Current Valuation193.35 M16.62 B
Shares Outstanding76.95 M571.82 M
Shares Owned by Insiders8.26 10.09 
Shares Owned by Institutions81.57 39.21 
Number of Shares Shorted1.07 M4.71 M
Price to Earning(4.01) 28.72 
Price to Book0.19 9.51 
Price to Sales0.32 11.42 
Revenue221.1 M9.43 B
Gross Profit47.39 M27.38 B
EBITDA53.82 M3.9 B
Net Income(34.38 M)570.98 M
Cash and Equivalents9.15 M2.7 B
Cash per Share0.12 5.01 
Total Debt131.23 M5.32 B
Debt to Equity35.70 48.70 
Current Ratio1.23 2.16 
Book Value Per Share11.09 1.93 K
Cash Flow from Operations10.58 M971.22 M
Short Ratio3.00 4.00 
Earnings Per Share(0.46) 3.12 
Price to Earnings To Growth(0.42) 4.89 
Number of Employees90018.84 K
Beta1.97-0.15
Market Capitalization70.71 M19.03 B
Total Asset314.79 M29.47 B
Retained Earnings(23.8 M)9.33 B
Working Capital10.55 M1.48 B
Current Asset29.34 M9.34 B
   Purchase by J Thompson of 5000 shares of Independence Contract [view details]
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