Independence Contract Drilling Analysis

Independence Contract Drilling is undervalued with Real Value of 0.0 and Hype Value of 0.0. The main objective of Independence Contract delisted stock analysis is to determine its intrinsic value, which is an estimate of what Independence Contract Drilling is worth, separate from its market price. There are two main types of Independence Contract's stock analysis: fundamental analysis and technical analysis.
The Independence Contract stock is traded in the USA on New York Stock Exchange, with the market opening at 09:30:00 and closing at 16:00:00 every Mon,Tue,Wed,Thu,Fri except for officially observed holidays in the USA. Here, you can get updates on important government artifacts, including earning estimates, SEC corporate filings, announcements, and Independence Contract's ongoing operational relationships across important fundamental and technical indicators.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Independence Stock Analysis Notes

About 12.0% of the company shares are held by company insiders. The company has price-to-book (P/B) ratio of 0.03. Some equities with similar Price to Book (P/B) outperform the market in the long run. Independence Contract recorded a loss per share of 4.16. The entity last dividend was issued on the 12th of March 2020. The firm had 1:20 split on the 12th of March 2020. Independence Contract Drilling, Inc. provides land-based contract drilling services for oil and natural gas producers in the United States. Independence Contract Drilling, Inc. was incorporated in 2011 and is headquartered in Houston, Texas. Independence Contract operates under Oil Gas Drilling classification in the United States and is traded on New York Stock Exchange. It employs 500 people. To learn more about Independence Contract Drilling call J Gallegos at 281 598 1230 or check out https://www.icdrilling.com.

Independence Contract Investment Alerts

Many investors view ongoing market volatility as an opportunity to purchase more delisted stocks at a favorable price or short it to generate a bearish trend profit opportunity. If you are one of those investors, make sure you clearly understand the position you are entering. Independence Contract's investment alerts are automatically generated signals that are significant enough to either complement your investing judgment regarding Independence Contract Drilling or challenge it. These alerts can help you understand what you are buying and avoid costly mistakes.
Independence Contract is not yet fully synchronised with the market data
Independence Contract has some characteristics of a very speculative penny stock
Independence Contract has a very high chance of going through financial distress in the upcoming years
The company reported the last year's revenue of 210.11 M. Reported Net Loss for the year was (37.7 M) with profit before taxes, overhead, and interest of 63.31 M.
About 12.0% of the company shares are held by company insiders

Independence Contract Upcoming and Recent Events

7th of March 2024
Upcoming Quarterly Report
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14th of May 2024
Next Financial Report
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31st of December 2023
Next Fiscal Quarter End
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7th of March 2024
Next Fiscal Year End
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30th of September 2023
Last Quarter Report
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31st of December 2022
Last Financial Announcement
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Independence Market Capitalization

The company currently falls under 'Nano-Cap' category with a total capitalization of 8.92 M.

Independence Profitablity

The company has Net Profit Margin of (0.33) %, which means that it does not effectively control expenditures or properly executes on its pricing strategies. This is way below average. In the same way, it shows Net Operating Margin of (0.1) %, which entails that for every $100 of revenue, it lost $0.1.

Independence Contract Insider Trading Activities

Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Independence Contract insiders, such as employees or executives, is commonly permitted as long as it does not rely on Independence Contract's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Independence Contract insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
 
Kokenes Kathrine over three months ago
Disposition of 12548 shares by Kokenes Kathrine of Independence Contract subject to Rule 16b-3
 
Stacy Nieuwoudt over three months ago
Disposition of 16666 shares by Stacy Nieuwoudt of Independence Contract subject to Rule 16b-3
 
Msd Partners, L.p. over three months ago
Disposition of tradable shares by Msd Partners, L.p. of Independence Contract at 4.51 subject to Rule 16b-3
 
Barrett Robert J. Iv over three months ago
Disposition of 3419 shares by Barrett Robert J. Iv of Independence Contract subject to Rule 16b-3
 
Msd Partners, L.p. over six months ago
Disposition of tradable shares by Msd Partners, L.p. of Independence Contract at 4.51 subject to Rule 16b-3
 
Philip Choyce over six months ago
Acquisition by Philip Choyce of 57362 shares of Independence Contract subject to Rule 16b-3
 
Kokenes Kathrine over six months ago
Acquisition by Kokenes Kathrine of 13063 shares of Independence Contract subject to Rule 16b-3
 
Scott Keller over six months ago
Disposition of 35851 shares by Scott Keller of Independence Contract subject to Rule 16b-3
 
Vincent Cebula over six months ago
Disposition of 2750 shares by Vincent Cebula of Independence Contract subject to Rule 16b-3
 
Barrett Robert J. Iv over six months ago
Disposition of 25000 shares by Barrett Robert J. Iv of Independence Contract subject to Rule 16b-3
 
Stacy Nieuwoudt over six months ago
Exercise or conversion by Stacy Nieuwoudt of 16667 shares of Independence Contract subject to Rule 16b-3
 
Stacy Nieuwoudt over six months ago
Exercise or conversion by Stacy Nieuwoudt of 16667 shares of Independence Contract subject to Rule 16b-3

Independence Contract Outstanding Bonds

Independence Contract issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Independence Contract uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Independence bonds can be classified according to their maturity, which is the date when Independence Contract Drilling has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.

Independence Contract Technical and Predictive Indicators

About Independence Stock Analysis

Stock analysis is the technique used by a trader or investor to examine and evaluate how Independence Contract 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 Independence shares will generate the highest return on investment. We also built our delisted stock 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 Delisted Stock such as Independence Contract. By using and applying Independence Stock analysis, traders can create a robust methodology for identifying Independence entry and exit points for their positions.
Independence Contract Drilling, Inc. provides land-based contract drilling services for oil and natural gas producers in the United States. Independence Contract Drilling, Inc. was incorporated in 2011 and is headquartered in Houston, Texas. Independence Contract operates under Oil Gas Drilling classification in the United States and is traded on New York Stock Exchange. It employs 500 people.

Be your own money manager

As an investor, your ultimate goal is to build wealth. Optimizing your investment portfolio is an essential element in this goal. Using our stock analysis tools, you can find out how much better you can do when adding Independence Contract to your portfolios without increasing risk or reducing expected return.

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Other Consideration for investing in Independence Stock

If you are still planning to invest in Independence Contract check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Independence Contract's history and understand the potential risks before investing.
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