High Arctic Energy Stock Today

HWO Stock  CAD 1.09  0.01  0.91%   

Performance

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Odds Of Distress

Less than 32

 
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High Arctic is selling at 1.09 as of the 28th of March 2024; that is -0.91 percent decrease since the beginning of the trading day. The stock's open price was 1.1. High Arctic has about a 32 percent probability of financial distress in the next few years of operation and has generated negative returns over the last 90 days. Equity ratings for High Arctic Energy are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 27th of February 2024 and ending today, the 28th of March 2024. Click here to learn more.
Business Domain
Energy
High Arctic Energy Services Inc. provides oilfield services in Canada, Papua New Guinea, and the United States. High Arctic Energy Services Inc. was founded in 1993 and is headquartered in Calgary, Canada. HIGH ARCTIC operates under Oil Gas Equipment Services classification in Canada and is traded on Toronto Stock Exchange. The company has 49.12 M outstanding shares of which 3.41 K shares are currently shorted by private and institutional investors with about 0.25 days to cover all short positions. More on High Arctic Energy

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High Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. High Arctic's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding High Arctic or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
CEO and PresJohn Braun
Business ConcentrationOil & Gas Equipment & Services, Energy, Energy, Energy Equipment & Services, Oil & Gas Equipment & Services, Energy (View all Sectors)
High Arctic's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to High Arctic's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand High Arctic's financial leverage. It provides some insight into what part of High Arctic's total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on High Arctic's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how High Arctic deploys its capital and how much of that capital is borrowed.
Liquidity
High Arctic cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company has accumulated 5.7 M in total debt with debt to equity ratio (D/E) of 5.1, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. High Arctic Energy has a current ratio of 2.54, suggesting that it is liquid and has the ability to pay its financial obligations in time and when they become due. Debt can assist High Arctic until it has trouble settling it off, either with new capital or with free cash flow. So, High Arctic's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like High Arctic Energy sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for High to invest in growth at high rates of return. When we think about High Arctic's use of debt, we should always consider it together with cash and equity.

Capital Expenditures

1.86 Million
High Arctic Energy (HWO) is traded on Toronto Exchange in Canada and employs 112 people. High Arctic is listed under Oil & Gas Equipment & Services category by Fama And French industry classification. The company currently falls under 'Micro-Cap' category with a current market capitalization of 53.54 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate High Arctic's market, we take the total number of its shares issued and multiply it by High Arctic's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. High Arctic Energy operates under Energy Equipment & Services sector and is part of Energy industry. The entity has 49.12 M outstanding shares of which 3.41 K shares are currently shorted by private and institutional investors with about 0.25 days to cover all short positions. High Arctic Energy has accumulated about 14.7 M in cash with 3.71 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.29.
Check High Arctic Probability Of Bankruptcy
Ownership Allocation
High Arctic Energy has a total of 49.12 Million outstanding shares. High Arctic secures significant amount of outstanding shares owned by insiders. An insider is usually defined as a CEO, other corporate executive, director, or institutional investor who own at least 10% of the company's outstanding shares. Since such a large part of the company is owned by insiders, it is advisable to analyze if each of these insiders have been buying or selling the stock in recent months. Please note that no matter how many assets the company holds, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check High Ownership Details

High Stock Price Odds Analysis

Contingent on a normal probability distribution, the odds of High Arctic jumping above the current price in 90 days from now is about 62.16%. The High Arctic Energy probability density function shows the probability of High Arctic stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon High Arctic has a beta of 0.4137. This usually indicates as returns on the market go up, High Arctic average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding High Arctic Energy will be expected to be much smaller as well. Additionally, high Arctic Energy has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming NYSE Composite.
  Odds Below 1.09HorizonTargetOdds Above 1.09
37.48%90 days
 1.09 
62.16%
Based on a normal probability distribution, the odds of High Arctic to move above the current price in 90 days from now is about 62.16 (This High Arctic Energy probability density function shows the probability of High Stock to fall within a particular range of prices over 90 days) .

High Arctic Historical Income Statement

High Arctic Energy Income Statement is one of the three primary financial statements used for reporting High's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of High Arctic Energy revenue and expense. High Arctic Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, High Arctic's Selling General Administrative is very stable compared to the past year. As of the 28th of March 2024, Total Revenue is likely to grow to about 111.7 M, while Depreciation And Amortization is likely to drop about 19.7 M. View More Fundamentals

High Stock Against Markets

Picking the right benchmark for High Arctic stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in High Arctic stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for High Arctic is critical whether you are bullish or bearish towards High Arctic Energy at a given time. Please also check how High Arctic's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in High Arctic without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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High Arctic Corporate Directors

High Arctic corporate directors refer to members of a High Arctic board of directors. The board of directors generally takes responsibility for the High Arctic's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of High Arctic's board members must vote for the resolution. The High Arctic board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Joe OliverDirectorProfile
Christopher WarrenCorporate Secretary, DirectorProfile
Thomas AlfordDirectorProfile
Daniel BordessaIndependent DirectorProfile

How to buy High Stock?

Before investing in High Arctic, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in High Arctic. To buy High Arctic stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of High Arctic. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase High Arctic stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located High Arctic Energy stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased High Arctic Energy stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as High Arctic Energy, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.

Already Invested in High Arctic Energy?

The danger of trading High Arctic Energy is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of High Arctic is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than High Arctic. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile High Arctic Energy is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in High Arctic Energy. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.

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When running High Arctic's price analysis, check to measure High Arctic'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 High Arctic is operating at the current time. Most of High Arctic's value examination focuses on studying past and present price action to predict the probability of High Arctic's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move High Arctic's price. Additionally, you may evaluate how the addition of High Arctic to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between High Arctic's value and its price as these two are different measures arrived at by different means. Investors typically determine if High Arctic is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, High Arctic'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.