Akita Drilling Stock Today
| AKTAF Stock | USD 1.09 0.05 4.39% |
Performance3 of 100
| Odds Of DistressOver 67
|
AKITA Drilling is trading at 1.09 as of the 19th of April 2024. This is a -4.39 percent decrease since the beginning of the trading day. The stock's lowest day price was 1.09. AKITA Drilling has more than 67 % chance of experiencing financial distress in the next few years of operation. It also did not have a very good performance during the last 90 trading days. Equity ratings for AKITA Drilling are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 20th of March 2024 and ending today, the 19th of April 2024. Click here to learn more.
AKITA Drilling Ltd. is an oil and gas drilling contractor in Canada and the United States. The company was founded in 1964 and is headquartered in Calgary, Canada. Akita Drilling operates under Oil Gas Drilling classification in the United States and is traded on OTC Exchange. The company has 38 M outstanding shares. More on AKITA Drilling
Moving together with AKITA Pink Sheet
| 0.63 | PPERF | Bank Mandiri Persero | PairCorr |
Moving against AKITA Pink Sheet
| 0.54 | BA | Boeing Earnings Call This Week | PairCorr |
| 0.49 | EC | Ecopetrol SA ADR Financial Report 8th of May 2024 | PairCorr |
Follow Valuation Odds of Bankruptcy
Check how we calculate scores
AKITA Pink Sheet Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. AKITA Drilling's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding AKITA Drilling or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| CEO | Karl Ruud |
| Thematic Idea | Oil And Gas (View all Themes) |
| Business Concentration | Oil And Gas, Energy, Energy Equipment & Services, Oil & Gas Drilling, Energy (View all Sectors) |
AKITA Drilling [AKTAF] is a Pink Sheet which is traded between brokers over the counter. The company currently falls under 'Micro-Cap' category with a current market capitalization of 52.22 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate AKITA Drilling's market, we take the total number of its shares issued and multiply it by AKITA Drilling'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. AKITA Drilling classifies itself under Energy Equipment & Services sector and is part of Energy industry. The entity has 38 M outstanding shares.
AKITA Drilling has accumulated about 4.07 M in cash with (3.46 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.1.
Check AKITA Drilling Probability Of Bankruptcy
Ownership AllocationAKITA Drilling holds a total of 38 Million outstanding shares. AKITA Drilling shows 17.81 percent of its outstanding shares held by insiders and 20.9 percent owned by other corporate entities. Please note that no matter how many assets the company secures, 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 AKITA Ownership Details
AKITA Stock Price Odds Analysis
In reference to a normal probability distribution, the odds of AKITA Drilling jumping above the current price in 90 days from now is about 71.44%. The AKITA Drilling probability density function shows the probability of AKITA Drilling pink sheet to fall within a particular range of prices over 90 days. Assuming the 90 days horizon AKITA Drilling has a beta of -0.5795. This suggests as returns on the benchmark increase, returns on holding AKITA Drilling are expected to decrease at a much lower rate. During a bear market, however, AKITA Drilling is likely to outperform the market. Additionally, aKITA Drilling has an alpha of 0.1505, 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 AKITA Drilling to move above the current price in 90 days from now is about 71.44 (This AKITA Drilling probability density function shows the probability of AKITA Pink Sheet to fall within a particular range of prices over 90 days) .
AKITA Drilling Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. AKITA Drilling market risk premium is the additional return an investor will receive from holding AKITA Drilling 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 AKITA Drilling. 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 AKITA Drilling's alpha and beta are two of the key measurements used to evaluate AKITA Drilling's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 1.24 | |||
| Semi Deviation | 1.44 | |||
| Standard Deviation | 2.98 | |||
| Variance | 8.86 |
AKITA Stock Against Markets
Picking the right benchmark for AKITA Drilling pink sheet 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 AKITA Drilling pink sheet 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 AKITA Drilling is critical whether you are bullish or bearish towards AKITA Drilling at a given time. Please also check how AKITA Drilling'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 AKITA Drilling 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?
Run Pair Correlation Now
Pair CorrelationCompare performance and examine fundamental relationship between any two equity instruments |
| All Next | Launch Module |
AKITA Drilling Corporate Directors
AKITA Drilling corporate directors refer to members of an AKITA Drilling board of directors. The board of directors generally takes responsibility for the AKITA Drilling'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 AKITA Drilling's board members must vote for the resolution. The AKITA Drilling board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Harish Mohan | Independent Director | Profile | |
| C Spitznagel | Director | Profile | |
| Douglas Dafoe | Director | Profile | |
| Nancy Southern | Director | Profile |
How to buy AKITA Pink Sheet?
Before investing in AKITA Drilling, 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 AKITA Drilling. To buy AKITA Drilling stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of AKITA Drilling. 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 AKITA Drilling stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located AKITA 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 AKITA 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 AKITA 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 AKITA Drilling?
The danger of trading AKITA 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 AKITA Drilling 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 AKITA Drilling. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile AKITA 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in AKITA 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 nation. Note that the AKITA Drilling information on this page should be used as a complementary analysis to other AKITA 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 Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
Complementary Tools for AKITA Pink Sheet analysis
When running AKITA Drilling's price analysis, check to measure AKITA 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 AKITA Drilling is operating at the current time. Most of AKITA Drilling's value examination focuses on studying past and present price action to predict the probability of AKITA 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 AKITA Drilling's price. Additionally, you may evaluate how the addition of AKITA Drilling to your portfolios can decrease your overall portfolio volatility.
| Commodity Channel Use Commodity Channel Index to analyze current equity momentum | |
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
| Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
| My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like | |
| Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes | |
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
| Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing |