Orbit Garant Drilling Stock Today
| OGD Stock | CAD 0.59 0.03 4.84% |
Performance4 of 100
| Odds Of DistressLess than 33
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Orbit Garant is selling at 0.59 as of the 24th of April 2024; that is -4.84 percent decrease since the beginning of the trading day. The stock's open price was 0.62. Orbit Garant has about a 33 percent probability of financial distress in the next few years of operation and did not have a very good performance during the last 90 trading days. Equity ratings for Orbit Garant Drilling are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 27th of October 2023 and ending today, the 24th of April 2024. Click here to learn more.
Business Domain Materials | Category Basic Materials |
Orbit Garant Drilling Inc. provides mineral drilling services in Canada, the United States, South America, and West Africa. Orbit Garant Drilling Inc. was founded in 1965 and is headquartered in Val-dOr, Canada. ORBIT GARANT operates under Other Industrial Metals Mining classification in Canada and is traded on Toronto Stock Exchange. The company has 37.37 M outstanding shares of which 2.3 K shares are now shorted by private and institutional investors with about 3.07 days to cover all short positions. More on Orbit Garant Drilling
Moving against Orbit Stock
| 0.48 | THRM | Therma Bright | PairCorr |
Follow Valuation Profit Patterns Odds of Bankruptcy
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Orbit 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. Orbit Garant's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Orbit Garant or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| CEO | Eric Alexandre | ||||
| Thematic Idea | Oil And Gas (View all Themes) | ||||
| Business Concentration | Diversified Metals & Mining, Other Industrial Metals & Mining, Basic Materials, Oil And Gas, Materials, Metals & Mining, Other Industrial Metals & Mining, Basic Materials (View all Sectors) | ||||
Orbit Garant's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Orbit Garant'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 Orbit Garant's financial leverage. It provides some insight into what part of Orbit Garant's total assets is financed by creditors.
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Orbit Garant Drilling (OGD) is traded on Toronto Exchange in Canada and employs 1,300 people. Orbit Garant is listed under Diversified Metals & Mining category by Fama And French industry classification. The company currently falls under 'Micro-Cap' category with a current market capitalization of 22.05 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Orbit Garant's market, we take the total number of its shares issued and multiply it by Orbit Garant'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. Orbit Garant Drilling operates under Metals & Mining sector and is part of Materials industry. The entity has 37.37 M outstanding shares of which 2.3 K shares are now shorted by private and institutional investors with about 3.07 days to cover all short positions.
Orbit Garant Drilling has accumulated about 2.18 M in cash with 14.35 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.14.
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Ownership AllocationOrbit Garant owns a total of 37.37 Million outstanding shares. Orbit Garant has 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 maintains, if the real value of the company is less than the current market value, you may not be able to make money on it.
Check Orbit Ownership Details
Orbit Stock Price Odds Analysis
Contingent on a normal probability distribution, the odds of Orbit Garant jumping above the current price in 90 days from now is about 31.8%. The Orbit Garant Drilling probability density function shows the probability of Orbit Garant stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon Orbit Garant has a beta of 0.4203. This indicates as returns on the market go up, Orbit Garant average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Orbit Garant Drilling will be expected to be much smaller as well. Additionally, orbit Garant Drilling has an alpha of 0.1465, implying that it can generate a 0.15 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Orbit Garant to move above the current price in 90 days from now is about 31.8 (This Orbit Garant Drilling probability density function shows the probability of Orbit Stock to fall within a particular range of prices over 90 days) .
Orbit Garant Drilling Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Orbit Garant market risk premium is the additional return an investor will receive from holding Orbit Garant long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Orbit Garant. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Orbit Garant's alpha and beta are two of the key measurements used to evaluate Orbit Garant's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 2.45 | |||
| Semi Deviation | 2.95 | |||
| Standard Deviation | 4.24 | |||
| Variance | 18.01 |
Orbit Stock Against Markets
Picking the right benchmark for Orbit Garant 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 Orbit Garant 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 Orbit Garant is critical whether you are bullish or bearish towards Orbit Garant Drilling at a given time. Please also check how Orbit Garant'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 Orbit Garant 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.Did you try this?
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| All Next | Launch Module |
Orbit Garant Corporate Executives
Elected by the shareholders, the Orbit Garant's board of directors comprises two types of representatives: Orbit Garant inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Orbit. The board's role is to monitor Orbit Garant's management team and ensure that shareholders' interests are well served. Orbit Garant's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Orbit Garant's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Daniel Maheu | CFO Secretary | Profile |
How to buy Orbit Stock?
Before investing in Orbit Garant, 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 Orbit Garant. To buy Orbit Garant stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Orbit Garant. 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 Orbit Garant stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Orbit Garant Drilling 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 Orbit Garant Drilling 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 Orbit Garant Drilling, 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 Orbit Garant Drilling?
The danger of trading Orbit Garant Drilling 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 Orbit Garant 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 Orbit Garant. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Orbit Garant Drilling 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Orbit Garant 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 board of governors. Note that the Orbit Garant Drilling information on this page should be used as a complementary analysis to other Orbit Garant'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 Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
Complementary Tools for Orbit Stock analysis
When running Orbit Garant's price analysis, check to measure Orbit Garant'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 Orbit Garant is operating at the current time. Most of Orbit Garant's value examination focuses on studying past and present price action to predict the probability of Orbit Garant's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Orbit Garant's price. Additionally, you may evaluate how the addition of Orbit Garant to your portfolios can decrease your overall portfolio volatility.
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