Major Drilling Group Stock Buy Hold or Sell Recommendation
| MDI Stock | CAD 8.79 0.13 1.50% |
Assuming the 90 days trading horizon and your typical level of risk aversion, our recommendation regarding Major Drilling Group is 'Hold'. The recommendation algorithm takes into account all of Major Drilling's available fundamental, technical, and predictive indicators you will find on this site.
Check out Major 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. In addition, we conduct extensive research on individual companies such as Major and provide practical buy, sell, or hold advice based on investors' investing horizon and their risk tolerance towards Major Drilling Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Major |
Execute Major Drilling Buy or Sell Advice
The Major recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Major Drilling Group. Macroaxis does not own or have any residual interests in Major Drilling Group or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Major Drilling's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Hold
Market Performance | Very Weak | Details | |
Volatility | Somewhat reliable | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Fairly Valued | Details | |
Odds Of Distress | Very Small | Details | |
Economic Sensitivity | Follows the market closely | Details | |
Analyst Consensus | Not Available | Details | |
Reporting Quality (M-Score) | Inapplicable | Details |
Major Drilling Trading Alerts and Improvement Suggestions
| Major Drilling Group generated a negative expected return over the last 90 days | |
| Major Drilling Group is unlikely to experience financial distress in the next 2 years | |
| About 55.0% of the company shares are owned by institutional investors | |
| Latest headline from news.google.com: Major Drilling to Release Second Quarter Results for Fiscal 2025 - Yahoo Finance |
Major Drilling Returns Distribution Density
The distribution of Major Drilling's historical returns is an attempt to chart the uncertainty of Major Drilling's future price movements. The chart of the probability distribution of Major Drilling daily returns describes the distribution of returns around its average expected value. We use Major Drilling Group price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Major Drilling returns is essential to provide solid investment advice for Major Drilling.
| Mean Return | -0.11 | Value At Risk | -2.77 | Potential Upside | 3.30 | Standard Deviation | 2.65 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Major 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.
Major Drilling Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change In Cash | 31.1M | (36.1M) | 48.9M | 23.2M | 1.8M | 3.4M | |
| Free Cash Flow | 10.1M | 3.1M | 44.9M | 54.5M | 38.5M | 40.4M | |
| Depreciation | 39.5M | 39.2M | 44.0M | 47.5M | 51.7M | 33.4M | |
| Other Non Cash Items | 4.6M | 1.2M | 1.6M | (832K) | 102.7M | 107.8M | |
| Capital Expenditures | 32.0M | 31.3M | 49.9M | 58.7M | 73.5M | 37.0M | |
| Net Income | (55.6M) | 13.6M | 68.5M | 97.6M | 53.1M | 55.7M | |
| End Period Cash Flow | 58.4M | 22.4M | 71.3M | 94.4M | 96.2M | 101.0M | |
| Change To Inventory | (9.5M) | 5.2M | (6.5M) | (13.3M) | 3.8M | 3.9M | |
| Investments | (44.7M) | (29.4M) | (85.8M) | (64.0M) | (78.4M) | (74.5M) | |
| Net Borrowings | 32.6M | (37.4M) | 33.3M | (31.7M) | (36.4M) | (34.6M) | |
| Change To Netincome | 71.8M | (1.6M) | 9.0M | (2.3M) | (2.6M) | (2.5M) |
Major 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 Major Drilling or Metals & Mining 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 Major 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 Major 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 | -0.2 | |
β | Beta against Dow Jones | 0.61 | |
σ | Overall volatility | 2.68 | |
Ir | Information ratio | -0.09 |
Major Drilling Volatility Alert
Major Drilling Group exhibits very low volatility with skewness of -0.73 and kurtosis of 6.15. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Major 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 Major 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.Major Drilling Fundamentals Vs Peers
Comparing Major 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 Major Drilling's direct or indirect competition across all of the common fundamentals between Major Drilling and the related equities. This way, we can detect undervalued stocks with similar characteristics as Major Drilling or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Major Drilling's fundamental indicators could also be used in its relative valuation, which is a method of valuing Major Drilling by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Major Drilling to competition |
| Fundamentals | Major Drilling | Peer Average |
| Return On Equity | 0.0965 | -0.31 |
| Return On Asset | 0.0657 | -0.14 |
| Profit Margin | 0.07 % | (1.27) % |
| Operating Margin | 0.11 % | (5.51) % |
| Current Valuation | 640.14 M | 16.62 B |
| Shares Outstanding | 81.84 M | 571.82 M |
| Shares Owned By Insiders | 0.31 % | 10.09 % |
| Shares Owned By Institutions | 55.25 % | 39.21 % |
| Number Of Shares Shorted | 624 K | 4.71 M |
| Price To Book | 1.40 X | 9.51 X |
| Price To Sales | 1.03 X | 11.42 X |
| Revenue | 706.69 M | 9.43 B |
| Gross Profit | 176.9 M | 27.38 B |
| EBITDA | 135.26 M | 3.9 B |
| Net Income | 53.09 M | 570.98 M |
| Cash And Equivalents | 29.07 M | 2.7 B |
| Cash Per Share | 0.36 X | 5.01 X |
| Total Debt | 4.72 M | 5.32 B |
| Debt To Equity | 0.12 % | 48.70 % |
| Current Ratio | 3.62 X | 2.16 X |
| Book Value Per Share | 6.27 X | 1.93 K |
| Cash Flow From Operations | 112.03 M | 971.22 M |
| Short Ratio | 7.74 X | 4.00 X |
| Earnings Per Share | 0.57 X | 3.12 X |
| Price To Earnings To Growth | (10.15) X | 4.89 X |
| Target Price | 13.75 | |
| Beta | 1.6 | -0.15 |
| Market Capitalization | 719.38 M | 19.03 B |
| Total Asset | 612.18 M | 29.47 B |
| Retained Earnings | 151.74 M | 9.33 B |
| Working Capital | 241.76 M | 1.48 B |
| Current Asset | 190.67 M | 9.34 B |
| Current Liabilities | 44.22 M | 7.9 B |
Major Drilling Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Major . 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.
About Major Drilling Buy or Sell Advice
When is the right time to buy or sell Major Drilling Group? Buying financial instruments such as Major 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.
Use Investing Ideas to Build Portfolios
In addition to having Major Drilling in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Other Information on Investing in Major Stock
Major Drilling financial ratios help investors to determine whether Major Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Major with respect to the benefits of owning Major Drilling security.