Independence Contract Drilling Inc. (ICD) is priced at $4.27 after the most recent trading session. At the very opening of the session, the stock price was $3.51 and reached a high price of $4.47, prior to closing the session it reached the value of $3.59. The stock touched a low price of $3.37.Recently in News on September 20, 2021, Independence Contract Drilling, Inc. Announces Continued Dayrate Progression and Progress on Rig Reactivation Plans. Independence Contract Drilling, Inc. (the “Company” or “ICD”) (NYSE: ICD) today announced that it has signed a drilling contract for the reactivation of its 16th rig which will work in the Permian Basin, with a scheduled start date in mid-October 2021. You can read further details here
Independence Contract Drilling Inc. had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $7.97 on 02/22/21, with the lowest value was $2.52 for the same time period, recorded on 08/20/21.
Independence Contract Drilling Inc. (ICD) full year performance was 62.98%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Independence Contract Drilling Inc. shares are logging -46.42% during the 52-week period from high price, and 91.48% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $2.23 and $7.97.
The company’s shares, operating in the sector of Energy managed to top a trading volume set approximately around 2995279 for the day, which was evidently higher, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the Independence Contract Drilling Inc. (ICD) recorded performance in the market was 45.24%, having the revenues showcasing 24.13% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 30.49M, as it employees total of 300 workers.
Analysts verdict on Independence Contract Drilling Inc. (ICD)
During the last month, 0 analysts gave the Independence Contract Drilling Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 3.49, with a change in the price was noted +1.14. In a similar fashion, Independence Contract Drilling Inc. posted a movement of +36.42% for the period of last 100 days, recording 208,100 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for ICD is recording 0.67 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.61.
Independence Contract Drilling Inc. (ICD): Technical Analysis
Raw Stochastic average of Independence Contract Drilling Inc. in the period of last 50 days is set at 89.74%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 89.58%. In the last 20 days, the company’s Stochastic %K was 84.13% and its Stochastic %D was recorded 80.16%.
Let’s take a glance in the erstwhile performances of Independence Contract Drilling Inc., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 45.24%. Additionally, trading for the stock in the period of the last six months notably improved by 27.84%, alongside a boost of 62.98% for the period of the last 12 months. The shares increased approximately by 37.74% in the 7-day charts and went down by 59.33% in the period of the last 30 days. Common stock shares were driven by 24.13% during last recorded quarter.