We suggest to use analysis of AKITA Drilling fundamentals to see if markets are right now mispricing the company. We were able to interpolate and analyze data for thirty-five available fundamental indicators for AKITA Drilling, which can be compared to its peers. The stock experiences a somewhat bearish sentiment, but the market may correct it shortly. Check odds of AKITA Drilling to be traded at C$1.5714 in 90 days. Key indicators impacting AKITA Drilling's financial strength include:
Understanding current and past AKITA Drilling Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of AKITA Drilling's financial statements are interrelated, with each one affecting the others. For example, an increase in AKITA Drilling's assets may result in an increase in income on the income statement.
Please note, the imprecision that can be found in AKITA Drilling's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of AKITA Drilling. Check AKITA Drilling's Beneish M Score to see the likelihood of AKITA Drilling's management manipulating its earnings.
AKITA Drilling Stock Summary
AKITA Drilling competes with Ensign Energy, Total Energy, and PHX Energy. AKITA Drilling Ltd. provides contract drilling services in Canada and the United States. AKITA Drilling Ltd. was founded in 1964 and is headquartered in Calgary, Canada. AKITA DRILLING operates under Oil Gas Drilling classification in Canada and is traded on Toronto Stock Exchange. It employs 1067 people.
You should never invest in AKITA Drilling without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of AKITA Stock, because this is throwing your money away. Analyzing the key information contained in AKITA Drilling's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.
AKITA Drilling Key Financial Ratios
AKITA Drilling's financial ratios allow both analysts and investors to convert raw data from AKITA Drilling's financial statements into concise, actionable information that can be used to evaluate the performance of AKITA Drilling over time and compare it to other companies across industries.
Comparative valuation techniques use various fundamental indicators to help in determining AKITA Drilling's current stock value. Our valuation model uses many indicators to compare AKITA Drilling value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across AKITA Drilling competition to find correlations between indicators driving AKITA Drilling's intrinsic value. More Info.
AKITA Drilling is rated fourth in return on equity category among its peers. It also is rated fourth in return on asset category among its peers . At this time, AKITA Drilling's Return On Equity is comparatively stable compared to the past year. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the AKITA Drilling's earnings, one of the primary drivers of an investment's value.
AKITA Drilling Systematic Risk
AKITA Drilling's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. AKITA Drilling volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The function did not generate any output. Please change time horizon or modify your input parameters. The output start index for this execution was one with a total number of output elements of sixty. The Beta measures systematic risk based on how returns on AKITA Drilling correlated with the market. If Beta is less than 0 AKITA Drilling generally moves in the opposite direction as compared to the market. If AKITA Drilling Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one AKITA Drilling is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of AKITA Drilling is generally in the same direction as the market. If Beta > 1 AKITA Drilling moves generally in the same direction as, but more than the movement of the benchmark.
AKITA Drilling Total Assets Over Time
AKITA Drilling Thematic Clasifications
AKITA Drilling is part of Oil And Gas investing theme. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. Oil And Gas drilling, production, pipelines, and equipment. Companies involved in drilling, production, and distribution of oil and gas pipelines
This theme covers Oil And Gas drilling, production, pipelines, and equipment. Companies involved in drilling, production, and distribution of oil and gas pipelines. Get More Thematic Ideas
Today, most investors in AKITA Drilling Stock are looking for potential investment opportunities by analyzing not only static indicators but also various AKITA Drilling's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of AKITA Drilling growth as a starting point in their analysis.
AKITA Drilling November 26, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of AKITA Drilling help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of AKITA Drilling. We use our internally-developed statistical techniques to arrive at the intrinsic value of AKITA Drilling based on widely used predictive technical indicators. In general, we focus on analyzing AKITA Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build AKITA Drilling's daily price indicators and compare them against related drivers.
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.