Precision Drilling Stock Price on March 22, 2024
| PDS Stock | USD 72.68 0.43 0.60% |
Below is the normalized historical share price chart for Precision Drilling extending back to November 15, 1996. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Precision Drilling stands at 72.68, as last reported on the 31st of May, with the highest price reaching 73.10 and the lowest price hitting 72.01 during the day.
If you're considering investing in Precision Stock, it is important to understand the factors that can impact its price. Precision Drilling appears to be very steady, given 3 months investment horizon. Precision Drilling maintains Sharpe Ratio (i.e., Efficiency) of 0.14, which implies the firm had a 0.14% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Precision Drilling, which you can use to evaluate the volatility of the company. Please evaluate Precision Drilling's Semi Deviation of 1.69, risk adjusted performance of 0.0927, and Coefficient Of Variation of 708.24 to confirm if our risk estimates are consistent with your expectations.
At this time, Precision Drilling's Total Stockholder Equity is comparatively stable compared to the past year. Liabilities And Stockholders Equity is likely to gain to about 3.3 B in 2024, whereas Other Stockholder Equity is likely to drop slightly above 71.3 M in 2024. . Price To Sales Ratio is likely to drop to 0.48 in 2024. Price Earnings Ratio is likely to drop to 3.25 in 2024. Precision Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 15th of November 1996 | 200 Day MA 63.1179 | 50 Day MA 70.617 | Beta 2.897 |
Precision |
Sharpe Ratio = 0.1427
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 2.15 actual daily | 19 81% of assets are more volatile |
Expected Return
| 0.31 actual daily | 6 94% of assets have higher returns |
Risk-Adjusted Return
| 0.14 actual daily | 11 89% of assets perform better |
Based on monthly moving average Precision Drilling is performing at about 11% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Precision Drilling by adding it to a well-diversified portfolio.
Price Book 0.8889 | Enterprise Value Ebitda 2.6612 | Price Sales 0.5313 | Shares Float 14 M | Wall Street Target Price 94.34 |
Related Headline
Helmerich Headline on 22nd of March 2024
Acquisition by Donald Robillard of 4675 shares of Helmerich ... by Donald Robillard
Filed transaction by Helmerich And Payne Director. Grant, award or other acquisition pursuant to Rule 16b-3
Precision Drilling Valuation on March 22, 2024
It is possible to determine the worth of Precision Drilling on a given historical date. On March 22, 2024 Precision was worth 65.77 at the beginning of the trading date compared to the closed value of 64.91. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Precision Drilling stock. Still, in general, we apply an absolute valuation method to find Precision Drilling's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Precision Drilling where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Precision Drilling's related companies.
| Open | High | Low | Close | Volume | |
| 67.22 | 67.54 | 65.89 | 65.98 | 46,976 | |
03/22/2024 | 65.77 | 65.90 | 64.57 | 64.91 | 41,280 |
| 64.97 | 67.18 | 64.90 | 66.58 | 40,759 |
| Backtest Precision Drilling | | | Precision Drilling History | | | Precision Drilling Valuation | Previous | Next |
Precision Drilling Trading Date Momentum on March 22, 2024
| On March 25 2024 Precision Drilling was traded for 66.58 at the closing time. Highest Precision Drilling's price during the trading hours was 67.18 and the lowest price during the day was 64.90 . The net volume was 40.8 K. The overall trading history on the 25th of March contributed to the next trading period price appreciation. The trading delta at closing time to the next next day price was 2.57% . The trading delta at closing time to current price is 4.14% . |
Precision Drilling Fundamentals Correlations and Trends
By evaluating Precision Drilling's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Precision Drilling's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Precision financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Precision Drilling Stock history
Precision Drilling investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Precision is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Precision Drilling will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Precision Drilling stock prices may prove useful in developing a viable investing in Precision Drilling
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 15.3 M | 14.4 M | |
| Net Loss | -30.9 M | -29.3 M |
Precision Drilling Quarterly Net Working Capital |
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Precision Drilling Stock Technical Analysis
Precision Drilling technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Precision Drilling Period Price Range
Low | March 22, 2024
| High |
65.77 | 64.91 |
Precision Drilling May 31, 2024 Market Strength
Market strength indicators help investors to evaluate how Precision Drilling stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Precision Drilling shares will generate the highest return on investment. By undertsting and applying Precision Drilling stock market strength indicators, traders can identify Precision Drilling entry and exit signals to maximize returns
| Accumulation Distribution | 833.12 | |||
| Daily Balance Of Power | (0.65) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 65.24 | |||
| Day Typical Price | 65.13 | |||
| Price Action Indicator | (0.76) | |||
| Period Momentum Indicator | 7.77 |
Precision Drilling Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Precision Drilling's price direction in advance. Along with the technical and fundamental analysis of Precision Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Precision to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0927 | |||
| Jensen Alpha | 0.274 | |||
| Total Risk Alpha | 0.2456 | |||
| Sortino Ratio | 0.1476 | |||
| Treynor Ratio | 0.2032 |
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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Precision Drilling. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment. For more information on how to buy Precision Stock please use our How to Invest in Precision Drilling guide.Note that the Precision Drilling information on this page should be used as a complementary analysis to other Precision Drilling's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
Complementary Tools for Precision Stock analysis
When running Precision Drilling's price analysis, check to measure Precision Drilling's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Precision Drilling is operating at the current time. Most of Precision Drilling's value examination focuses on studying past and present price action to predict the probability of Precision Drilling's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Precision Drilling's price. Additionally, you may evaluate how the addition of Precision Drilling to your portfolios can decrease your overall portfolio volatility.
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Is Precision Drilling's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Precision Drilling. If investors know Precision will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Precision Drilling listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.55) | Earnings Share 12.17 | Revenue Per Share 136.766 | Quarterly Revenue Growth (0.06) | Return On Assets 0.0524 |
The market value of Precision Drilling is measured differently than its book value, which is the value of Precision that is recorded on the company's balance sheet. Investors also form their own opinion of Precision Drilling's value that differs from its market value or its book value, called intrinsic value, which is Precision Drilling's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Precision Drilling's market value can be influenced by many factors that don't directly affect Precision Drilling's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Precision Drilling's value and its price as these two are different measures arrived at by different means. Investors typically determine if Precision Drilling is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Precision Drilling's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.