Akita Drilling Stock Buy Hold or Sell Recommendation
| AKT-A Stock | CAD 1.62 0.02 1.22% |
Assuming the 90 days trading horizon and your slightly conservative level of risk, our recommendation regarding AKITA Drilling is 'Hold'. A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell AKITA Drilling given historical horizon and risk tolerance towards AKITA Drilling. When Macroaxis issues a 'buy' or 'sell' recommendation for AKITA Drilling, the advice is generated through an automated system that utilizes algorithms and statistical models.
Check out AKITA Drilling Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. Note, we conduct extensive research on individual companies such as AKITA and provide practical buy, sell, or hold advice based on investors' constraints. AKITA Drilling. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
AKITA |
Execute AKITA Drilling Buy or Sell Advice
The AKITA recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on AKITA Drilling. Macroaxis does not own or have any residual interests in AKITA Drilling or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute AKITA Drilling's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Hold
Market Performance | OK | Details | |
Volatility | Very risky | Details | |
Hype Condition | Over hyped | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Below Average | Details | |
Economic Sensitivity | Barely shadows the market | Details | |
Analyst Consensus | Not Available | Details | |
Reporting Quality (M-Score) | Inapplicable | Details |
AKITA Drilling Trading Alerts and Improvement Suggestions
| AKITA Drilling may become a speculative penny stock | |
| About 18.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: Two micro-cap stocks with strong fundamentals 2024-11-22 Investing News - Stockhouse Publishing |
AKITA Drilling Returns Distribution Density
The distribution of AKITA Drilling's historical returns is an attempt to chart the uncertainty of AKITA Drilling's future price movements. The chart of the probability distribution of AKITA Drilling daily returns describes the distribution of returns around its average expected value. We use AKITA Drilling price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of AKITA Drilling returns is essential to provide solid investment advice for AKITA Drilling.
| Mean Return | 0.27 | Value At Risk | -3.75 | Potential Upside | 4.62 | Standard Deviation | 2.57 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of AKITA Drilling historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
AKITA Drilling Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change In Cash | (1.5M) | 7.1M | (5.3M) | 11.5M | (2.1M) | (2.0M) | |
| Free Cash Flow | 6.3M | 15.3M | (19.9M) | 216K | 11.0M | 11.5M | |
| Depreciation | 36.8M | 32.7M | 28.8M | 30.3M | 28.5M | 19.1M | |
| Other Non Cash Items | 115K | 79.5M | (1.9M) | (5.6M) | (10.2M) | (9.7M) | |
| Capital Expenditures | 15.2M | 7.6M | 16.4M | 18.0M | 24.6M | 27.4M | |
| Net Income | (19.9M) | (93.3M) | (21.0M) | 4.3M | 18.4M | 19.3M | |
| End Period Cash Flow | 2.8M | 7.1M | 1.8M | 13.3M | 11.2M | 15.6M | |
| Net Borrowings | (849K) | (11.1M) | 10.4M | 6.2M | 5.6M | 5.3M | |
| Change To Netincome | (4.6M) | 70.5M | (2.4M) | (6.1M) | (7.0M) | (6.7M) | |
| Investments | 3.9M | 1.4M | 492K | (13.6M) | (12.0M) | (11.4M) |
AKITA Drilling Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to AKITA Drilling or Energy Equipment & Services sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that AKITA Drilling's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a AKITA stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over Dow Jones | 0.26 | |
β | Beta against Dow Jones | 0.01 | |
σ | Overall volatility | 2.60 | |
Ir | Information ratio | 0.06 |
AKITA Drilling Volatility Alert
AKITA Drilling currently demonstrates below-average downside deviation. It has Information Ratio of 0.06 and Jensen Alpha of 0.26. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure AKITA Drilling's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact AKITA Drilling's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.AKITA Drilling Fundamentals Vs Peers
Comparing AKITA Drilling's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze AKITA Drilling's direct or indirect competition across all of the common fundamentals between AKITA Drilling and the related equities. This way, we can detect undervalued stocks with similar characteristics as AKITA Drilling or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of AKITA Drilling's fundamental indicators could also be used in its relative valuation, which is a method of valuing AKITA Drilling by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare AKITA Drilling to competition |
| Fundamentals | AKITA Drilling | Peer Average |
| Return On Equity | 0.0132 | -0.31 |
| Return On Asset | -0.0067 | -0.14 |
| Profit Margin | 0.01 % | (1.27) % |
| Operating Margin | (0) % | (5.51) % |
| Current Valuation | 115.57 M | 16.62 B |
| Shares Outstanding | 38.08 M | 571.82 M |
| Shares Owned By Insiders | 17.55 % | 10.09 % |
| Shares Owned By Institutions | 20.79 % | 39.21 % |
| Number Of Shares Shorted | 16.77 K | 4.71 M |
| Price To Earning | (6.85) X | 28.72 X |
| Price To Book | 0.41 X | 9.51 X |
| Price To Sales | 0.37 X | 11.42 X |
| Revenue | 225.48 M | 9.43 B |
| Gross Profit | 49.11 M | 27.38 B |
| EBITDA | 51.69 M | 3.9 B |
| Net Income | 18.41 M | 570.98 M |
| Cash And Equivalents | 6.68 M | 2.7 B |
| Cash Per Share | 0.17 X | 5.01 X |
| Total Debt | 70.42 M | 5.32 B |
| Debt To Equity | 0.43 % | 48.70 % |
| Current Ratio | 1.85 X | 2.16 X |
| Book Value Per Share | 4.03 X | 1.93 K |
| Cash Flow From Operations | 35.57 M | 971.22 M |
| Short Ratio | 0.52 X | 4.00 X |
| Earnings Per Share | 0.05 X | 3.12 X |
| Target Price | 2.75 | |
| Number Of Employees | 1.07 K | 18.84 K |
| Beta | 1.98 | -0.15 |
| Market Capitalization | 66.12 M | 19.03 B |
| Total Asset | 263.64 M | 29.47 B |
| Retained Earnings | 2.51 M | 9.33 B |
| Working Capital | 27.13 M | 1.48 B |
| Five Year Return | 9.09 % |
AKITA Drilling Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as AKITA . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Accumulation Distribution | 2128.97 | |||
| Daily Balance Of Power | (0.50) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 1.63 | |||
| Day Typical Price | 1.63 | |||
| Price Action Indicator | (0.02) | |||
| Period Momentum Indicator | (0.02) |
About AKITA Drilling Buy or Sell Advice
When is the right time to buy or sell AKITA Drilling? Buying financial instruments such as AKITA Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
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Additional Tools for AKITA Stock 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.