Sixty Six Oilfield Stock Performance
| SSOF Stock | USD 0.0001 0.00 0.00% |
On a scale of 0 to 100, Sixty Six holds a performance score of 4. The entity has a beta of -1.93, which indicates a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Sixty Six are expected to decrease by larger amounts. On the other hand, during market turmoil, Sixty Six is expected to outperform it. Please check Sixty Six's risk adjusted performance, variance, as well as the relationship between the Variance and kurtosis , to make a quick decision on whether Sixty Six's existing price patterns will revert.
Risk-Adjusted Performance
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Insignificant
Compared to the overall equity markets, risk-adjusted returns on investments in Sixty Six Oilfield are ranked lower than 4 (%) of all global equities and portfolios over the last 90 days. Despite nearly weak basic indicators, Sixty Six reported solid returns over the last few months and may actually be approaching a breakup point. ...more
| Other Cashflows From Investing Activities | 120.4 K | |
| Total Cashflows From Investing Activities | 120.4 K |
Sixty |
Sixty Six Relative Risk vs. Return Landscape
If you would invest 0.01 in Sixty Six Oilfield on August 24, 2024 and sell it today you would earn a total of 0.00 from holding Sixty Six Oilfield or generate 0.0% return on investment over 90 days. Sixty Six Oilfield is currently generating 0.7937% in daily expected returns and assumes 14.1765% risk (volatility on return distribution) over the 90 days horizon. In different words, most equities are less risky than Sixty, and most traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Sixty Six Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sixty Six's investment risk. Standard deviation is the most common way to measure market volatility of pink sheets, such as Sixty Six Oilfield, and traders can use it to determine the average amount a Sixty Six'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 = 0.056
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Estimated Market Risk
| 14.18 actual daily | 96 96% of assets are less volatile |
Expected Return
| 0.79 actual daily | 15 85% of assets have higher returns |
Risk-Adjusted Return
| 0.06 actual daily | 4 96% of assets perform better |
Based on monthly moving average Sixty Six is performing at about 4% 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 Sixty Six by adding it to a well-diversified portfolio.
Sixty Six Fundamentals Growth
Sixty Pink Sheet prices reflect investors' perceptions of the future prospects and financial health of Sixty Six, and Sixty Six 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 Sixty Pink Sheet performance.
| Profit Margin | (0.60) % | |||
| Operating Margin | (0.60) % | |||
| Current Valuation | 2.46 M | |||
| Shares Outstanding | 49.52 M | |||
| Price To Sales | 1.10 X | |||
| Revenue | 1.29 M | |||
| Total Debt | 564.4 K | |||
| Book Value Per Share | (0) X | |||
| Cash Flow From Operations | (61.26 K) | |||
About Sixty Six Performance
By analyzing Sixty Six's fundamental ratios, stakeholders can gain valuable insights into Sixty Six's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Sixty Six 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 Sixty Six has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Sixty Six Oilfield Services, Inc. sells and rents heavy oil field equipment to the oil and gas industry in the United States and internationally. Sixty Six Oilfield Services, Inc. was founded in 1959 and is based in Oklahoma City, Oklahoma with additional facilities in Germany and Dubai. Sixty Six operates under Oil Gas Equipment Services classification in the United States and is traded on OTC Exchange. It employs 1 people.Things to note about Sixty Six Oilfield performance evaluation
Checking the ongoing alerts about Sixty Six for important developments is a great way to find new opportunities for your next move. Pink Sheet alerts and notifications screener for Sixty Six Oilfield help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Sixty Six Oilfield is way too risky over 90 days horizon | |
| Sixty Six Oilfield has some characteristics of a very speculative penny stock | |
| Sixty Six Oilfield appears to be risky and price may revert if volatility continues | |
| Sixty Six Oilfield currently holds 564.4 K in liabilities. Sixty Six Oilfield has a current ratio of 0.26, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Sixty Six until it has trouble settling it off, either with new capital or with free cash flow. So, Sixty Six's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Sixty Six Oilfield sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Sixty to invest in growth at high rates of return. When we think about Sixty Six's use of debt, we should always consider it together with cash and equity. | |
| The entity reported the previous year's revenue of 1.29 M. Net Loss for the year was (778.74 K) with profit before overhead, payroll, taxes, and interest of 11.17 K. | |
| Sixty Six generates negative cash flow from operations | |
| Latest headline from gurufocus.com: GLAZER CAPITAL, LLC Adjusts Stake in Embrace Change Acquisition Corp |
- Analyzing Sixty Six'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 Sixty Six's stock is overvalued or undervalued compared to its peers.
- Examining Sixty Six'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 Sixty Six's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Sixty Six's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Sixty Six's pink sheet. These opinions can provide insight into Sixty Six's potential for growth and whether the stock is currently undervalued or overvalued.
Complementary Tools for Sixty Pink Sheet analysis
When running Sixty Six's price analysis, check to measure Sixty Six'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 Sixty Six is operating at the current time. Most of Sixty Six's value examination focuses on studying past and present price action to predict the probability of Sixty Six's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sixty Six's price. Additionally, you may evaluate how the addition of Sixty Six to your portfolios can decrease your overall portfolio volatility.
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