Independence Contract Drilling Stock Performance
| ICD Stock | USD 1.90 0.01 0.53% |
The company retains a Market Volatility (i.e., Beta) of -0.15, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Independence Contract are expected to decrease at a much lower rate. During the bear market, Independence Contract is likely to outperform the market. Independence Contract has an expected return of -0.11%. Please make sure to check out Independence Contract skewness, day typical price, and the relationship between the maximum drawdown and daily balance of power , to decide if Independence Contract performance from the past will be repeated at some point in the near future.
Risk-Adjusted Performance
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Over the last 90 days Independence Contract Drilling has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of latest uncertain performance, the Stock's fundamental indicators remain sound and the latest tumult on Wall Street may also be a sign of longer-term gains for the firm shareholders. ...more
Last Split Factor 1:20 | Dividend Date 2020-03-12 | Last Split Date 2020-03-12 |
1 | Exercise or conversion by Stacy Nieuwoudt of 8130 shares of Independence Contract subject to Rule 16b-3 | 01/22/2024 |
2 | Exercise or conversion by Stacy Nieuwoudt of 16667 shares of Independence Contract subject to Rule 16b-3 | 02/09/2024 |
3 | Independence Contract Drilling Non-GAAP EPS of -0.61 misses by 0.15, revenue of 45.83M | 02/28/2024 |
4 | Acquisition by Stacy Nieuwoudt of 33334 shares of Independence Contract subject to Rule 16b-3 | 02/29/2024 |
5 | Disposition of 25000 shares by Barrett Robert J. Iv of Independence Contract subject to Rule 16b-3 | 03/08/2024 |
6 | Independence Contract Drilling Stock Price Passes Below 200-Day Moving Average of 2.44 - Defense World | 03/14/2024 |
7 | Disposition of 2750 shares by Vincent Cebula of Independence Contract subject to Rule 16b-3 | 03/18/2024 |
8 | ICD 2024 Client Survey Shows Companies Grappling with Counterparty Concentration Risk | 03/20/2024 |
9 | Energy Stocks Moving Monday EGY, ICD, REPX, REI, BORR, HNRG, PBT, GEOS - InvestorsObserver | 03/25/2024 |
10 | Tradeweb to buy investment tech firm ICD for 785 million | 04/08/2024 |
| Begin Period Cash Flow | 5.3 M | |
| Free Cash Flow | 20.4 M |
Independence |
Independence Contract Relative Risk vs. Return Landscape
If you would invest 209.00 in Independence Contract Drilling on January 18, 2024 and sell it today you would lose (20.00) from holding Independence Contract Drilling or give up 9.57% of portfolio value over 90 days. Independence Contract Drilling is generating negative expected returns assuming volatility of 3.0566% on return distribution over 90 days investment horizon. In other words, 27% of stocks are less volatile than Independence, and above 99% of all equities are expected to generate higher returns over the next 90 days. Expected Return |
| Risk |
Independence Contract Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Independence Contract's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Independence Contract Drilling, and traders can use it to determine the average amount a Independence Contract's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.0374
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| Negative Returns | ICD |
Estimated Market Risk
| 3.06 actual daily | 27 73% of assets are more volatile |
Expected Return
| -0.11 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.04 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Independence Contract is not performing at its full potential. However, 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 Independence Contract by adding Independence Contract to a well-diversified portfolio.
Independence Contract Fundamentals Growth
Independence Stock prices reflect investors' perceptions of the future prospects and financial health of Independence Contract, and Independence Contract fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Independence Stock performance.
| Return On Equity | -0.19 | ||||
| Return On Asset | 0.017 | ||||
| Profit Margin | (0.18) % | ||||
| Operating Margin | (0.06) % | ||||
| Current Valuation | 182.75 M | ||||
| Shares Outstanding | 15.27 M | ||||
| Price To Earning | (4.01) X | ||||
| Price To Book | 0.17 X | ||||
| Price To Sales | 0.14 X | ||||
| Revenue | 210.11 M | ||||
| Gross Profit | 63.31 M | ||||
| EBITDA | 54.77 M | ||||
| Net Income | (37.7 M) | ||||
| Cash And Equivalents | 5.33 M | ||||
| Cash Per Share | 0.54 X | ||||
| Total Debt | 158.08 M | ||||
| Debt To Equity | 0.59 % | ||||
| Current Ratio | 1.04 X | ||||
| Book Value Per Share | 12.59 X | ||||
| Cash Flow From Operations | 61.02 M | ||||
| Earnings Per Share | (2.69) X | ||||
| Market Capitalization | 30.23 M | ||||
| Total Asset | 511.24 M | ||||
| Retained Earnings | (436.79 M) | ||||
| Working Capital | 2.99 M | ||||
| Current Asset | 29.34 M | ||||
| Current Liabilities | 18.79 M | ||||
About Independence Contract Performance
To evaluate Independence Contract Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Independence Contract generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Independence Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Independence Contract market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Independence's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | 3.27 | 3.11 | |
| Return On Tangible Assets | (0.07) | (0.08) | |
| Return On Capital Employed | 0.02 | 0.03 | |
| Return On Assets | (0.07) | (0.08) | |
| Return On Equity | (0.21) | (0.22) |
Things to note about Independence Contract performance evaluation
Checking the ongoing alerts about Independence Contract for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Independence Contract help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Independence Contract generated a negative expected return over the last 90 days | |
| Independence Contract may become a speculative penny stock | |
| Independence Contract has high historical volatility and very poor performance | |
| Independence Contract has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the last year's revenue of 210.11 M. Reported Net Loss for the year was (37.7 M) with profit before taxes, overhead, and interest of 63.31 M. | |
| About 13.0% of the company shares are held by company insiders | |
| Latest headline from finance.yahoo.com: Tradeweb to buy investment tech firm ICD for 785 million |
- Analyzing Independence Contract's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Independence Contract's stock is overvalued or undervalued compared to its peers.
- Examining Independence Contract's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Independence Contract's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Independence Contract's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Independence Contract's stock. These opinions can provide insight into Independence Contract's potential for growth and whether the stock is currently undervalued or overvalued.
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Independence Contract 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 main economic indicators. Note that the Independence Contract information on this page should be used as a complementary analysis to other Independence Contract'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 Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
Complementary Tools for Independence Stock analysis
When running Independence Contract's price analysis, check to measure Independence Contract'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 Independence Contract is operating at the current time. Most of Independence Contract's value examination focuses on studying past and present price action to predict the probability of Independence Contract's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Independence Contract's price. Additionally, you may evaluate how the addition of Independence Contract to your portfolios can decrease your overall portfolio volatility.
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Is Independence Contract'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 Independence Contract. If investors know Independence 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 Independence Contract listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (2.69) | Revenue Per Share 14.995 | Quarterly Revenue Growth (0.24) | Return On Assets 0.017 | Return On Equity (0.19) |
The market value of Independence Contract is measured differently than its book value, which is the value of Independence that is recorded on the company's balance sheet. Investors also form their own opinion of Independence Contract's value that differs from its market value or its book value, called intrinsic value, which is Independence Contract'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 Independence Contract's market value can be influenced by many factors that don't directly affect Independence Contract'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 Independence Contract's value and its price as these two are different measures arrived at by different means. Investors typically determine if Independence Contract is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Independence Contract'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.