National Drilling is trading at 4.69 as of the 31st of January 2025. This is a No Change since the beginning of the trading day. The stock's lowest day price was 4.69. National Drilling has hardly any chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. The performance scores are derived for the period starting the 1st of January 2025 and ending today, the 31st of January 2025. Click here to learn more.
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with National Drilling stock to make a market-neutral strategy. Peer analysis of National Drilling could also be used in its relative valuation, which is a method of valuing National Drilling by comparing valuation metrics with similar companies.