Akita Drilling Stock Performance
| AKTAF Stock | USD 1.22 0.01 0.83% |
On a scale of 0 to 100, AKITA Drilling holds a performance score of 6. The firm shows a Beta (market volatility) of -0.24, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning AKITA Drilling are expected to decrease at a much lower rate. During the bear market, AKITA Drilling is likely to outperform the market. Please check AKITA Drilling's information ratio, value at risk, kurtosis, as well as the relationship between the sortino ratio and semi variance , to make a quick decision on whether AKITA Drilling's price patterns will revert.
Risk-Adjusted Performance
6 of 100
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Modest
Compared to the overall equity markets, risk-adjusted returns on investments in AKITA Drilling are ranked lower than 6 (%) of all global equities and portfolios over the last 90 days. Despite nearly fragile basic indicators, AKITA Drilling reported solid returns over the last few months and may actually be approaching a breakup point. ...more
| Begin Period Cash Flow | 7.1 M | |
| Total Cashflows From Investing Activities | -11.8 M |
AKITA |
AKITA Drilling Relative Risk vs. Return Landscape
If you would invest 107.00 in AKITA Drilling on August 24, 2024 and sell it today you would earn a total of 15.00 from holding AKITA Drilling or generate 14.02% return on investment over 90 days. AKITA Drilling is currently producing 0.2429% returns and takes up 2.7663% volatility of returns over 90 trading days. Put another way, 24% of traded pink sheets are less volatile than AKITA, and 96% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
AKITA Drilling Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for AKITA Drilling's investment risk. Standard deviation is the most common way to measure market volatility of pink sheets, such as AKITA Drilling, and traders can use it to determine the average amount a AKITA Drilling's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0878
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Estimated Market Risk
| 2.77 actual daily | 24 76% of assets are more volatile |
Expected Return
| 0.24 actual daily | 4 96% of assets have higher returns |
Risk-Adjusted Return
| 0.09 actual daily | 6 94% of assets perform better |
Based on monthly moving average AKITA Drilling is performing at about 6% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of AKITA Drilling by adding it to a well-diversified portfolio.
AKITA Drilling Fundamentals Growth
AKITA Pink Sheet prices reflect investors' perceptions of the future prospects and financial health of AKITA Drilling, and AKITA Drilling fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on AKITA Pink Sheet performance.
| Return On Equity | -0.0705 | |||
| Return On Asset | -0.0152 | |||
| Profit Margin | (0.05) % | |||
| Operating Margin | (0.03) % | |||
| Current Valuation | 115.75 M | |||
| Shares Outstanding | 38 M | |||
| Price To Earning | (7.02) X | |||
| Price To Book | 0.51 X | |||
| Price To Sales | 0.29 X | |||
| Revenue | 110.09 M | |||
| EBITDA | 10.61 M | |||
| Cash And Equivalents | 4.07 M | |||
| Cash Per Share | 0.10 X | |||
| Total Debt | 84.44 M | |||
| Debt To Equity | 0.78 % | |||
| Book Value Per Share | 3.24 X | |||
| Cash Flow From Operations | (3.46 M) | |||
| Earnings Per Share | (0.39) X | |||
| Total Asset | 247.57 M | |||
About AKITA Drilling Performance
By analyzing AKITA Drilling's fundamental ratios, stakeholders can gain valuable insights into AKITA Drilling's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if AKITA Drilling has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if AKITA Drilling has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
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. It employs 1060 people.Things to note about AKITA Drilling performance evaluation
Checking the ongoing alerts about AKITA Drilling for important developments is a great way to find new opportunities for your next move. Pink Sheet alerts and notifications screener for AKITA Drilling help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| AKITA Drilling may become a speculative penny stock | |
| AKITA Drilling has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 110.09 M. Net Loss for the year was (20.99 M) with profit before overhead, payroll, taxes, and interest of 20.25 M. | |
| 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. | |
| Roughly 18.0% of the company shares are held by company insiders |
- Analyzing AKITA Drilling's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether AKITA Drilling's stock is overvalued or undervalued compared to its peers.
- Examining AKITA Drilling's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating AKITA Drilling's management team can have a significant impact on its success or failure. Reviewing the track record and experience of AKITA Drilling's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of AKITA Drilling's pink sheet. These opinions can provide insight into AKITA Drilling's potential for growth and whether the stock is currently undervalued or overvalued.
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.
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