Akita Drilling Stock Analysis

AKITA Pink Sheet Analysis Notes

About 18.0% of the company shares are held by company insiders. The company has price-to-book (P/B) ratio of 0.51. Some equities with similar Price to Book (P/B) outperform the market in the long run. AKITA Drilling recorded a loss per share of 0.39. The entity last dividend was issued on the 18th of June 2019. The firm had 2:1 split on the 8th of June 2005. 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.The quote for AKITA Drilling is published daily by the National Quotation Bureau and the company does not need to meet minimum requirements or file with the SEC. For more info on AKITA Drilling please contact Linda ICDD at 403 292 7979 or go to https://www.akita-drilling.com.

AKITA Drilling Investment Alerts

AKITA Drilling Thematic Classifications

AKITA Market Capitalization

The company currently falls under 'Micro-Cap' category with a current market capitalization of 52.22 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate AKITA Drilling's market, we take the total number of its shares issued and multiply it by AKITA Drilling's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.

AKITA Profitablity

The company has Profit Margin (PM) of (0.05) %, which may suggest that it does not properly executes on its current pricing strategies or is unable to control all of the operational costs. This is way below average. Similarly, it shows Operating Margin (OM) of (0.03) %, which suggests for every $100 dollars of sales, it generated a net operating loss of $0.03.

Technical Drivers

As of the 22nd of November, AKITA Drilling shows the Mean Deviation of 1.91, risk adjusted performance of 0.0602, and Semi Deviation of 2.3. AKITA Drilling technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Please confirm AKITA Drilling standard deviation, value at risk, kurtosis, as well as the relationship between the jensen alpha and semi variance to decide if AKITA Drilling is priced adequately, providing market reflects its regular price of 1.22 per share. Given that AKITA Drilling is a hitting penny stock territory we recommend to closely look at its total risk alpha.

AKITA Drilling Price Movement Analysis

AKITA Drilling Predictive Daily Indicators

AKITA Drilling Forecast Models

AKITA Drilling's time-series forecasting models are one of many AKITA Drilling's pink sheet analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary AKITA Drilling's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

Pink Sheet analysis is the technique used by a trader or investor to examine and evaluate how AKITA Drilling prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling AKITA shares will generate the highest return on investment. We also built our pink sheet analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Pink Sheet such as AKITA Drilling. By using and applying AKITA Pink Sheet analysis, traders can create a robust methodology for identifying AKITA entry and exit points for their positions.

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.