ICD stock: buy or sell?
February 27th, 2020
Independence Contract Drilling, Inc. provides land-based contract drilling services for oil and natural gas producers in the United States.
Should I buy ICD stock?Make a decision about when to buy or sell stocks is one of the hardest parts of being a trader or investor. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.
None of our preferred buy setups matches with Independence Contract Drilling stock situation right now, therefore this is not a suitable entry point.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is Independence Contract Drilling stock a buy?
Financial institutions and banks post stock ratings everyday.Unfortunately, we couldn't detect any rating for ICD stock for the last month.
ICD stock analysis
Shares of Independence Contract Drilling ended today at $0.40 and plummed a bloodcurdling -6.98%.
Independence Contract Drilling plummed a bloodcurdling -6.98% and closed at $0.40. ICD marked a lower low and a lower high in the short term, defining a downward trend. Climbing above $0.63 would break this short term down trend and open possibilities for reversing this situation. Since price and SMA100d lines crossed down on January, ICD fell $-0.66 per share (-62.26%).
Independence Contract Drilling shares plummed -27.27% this week, ending at $0.40. Counting this, it's been 5 red weeks in a row, sliding $-0.39 or a -47.56%.
Since early January, when ICD stock price broke down the 20-weeks moving avarage line, it slid $-0.66 per share (-62.26%).
ICD stock price history
ICD IPO was on November 16th, 2010 at $4.60 per share1. Since then, ICD stock declined a -91.30%, with a yearly average of -10.10%.
1: Adjusted price after possible price splits or reverse-splits.
ICD stock historical price chart
ICD stock reached 52-week highs at $3.67, and all-time highs 2014-09-02 with a price of 12.29.
ICD stock price targetHow much a stock will be priced tomorrow or next week is quite unpredictable However, financial institutions invest time and resources to provide the most accurated estimations to help investors to make their decisions. The accuracy of these stock price predictions is not very high, and you should not blindly believe and make decisions only based on what this ratings or price target predictions say. For the last month we have not found any price prediction for Independence Contract Drilling stock by any trusted analyst.
Financials and fundamental analysis
Earnings date and Earnings per ShareAfter publishing its last earnings report , Independence Contract Drilling . Unfortunately, reported EPS is not yet available in our database.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsCompared to 2017, last anual turnover report draw an amazing growth of 58.44% to $142.61 million USD. Aligned with this, its profit margin (compared to sales) climbed to -14.02%, that is $-19.99 million.
|2013||$43 M||-||$-2.00 M-4.7%||-|
|2014||$70 M||64.40%||$-28.17 M-40.0%||1,308.40%|
|2015||$88 M||25.69%||$-7.88 M-8.9%||-72.02%|
|2016||$70 M||-20.76%||$-22.18 M-31.7%||181.45%|
|2017||$90 M||28.47%||$-24.30 M-27.0%||9.56%|
|2018||$143 M||58.44%||$-19.99 M-14.0%||-17.72%|
Quarterly financial resultsIndependence Contract Drilling posted $62.79 million in revenues for 2018-Q4, a 120.78% up compared to previous quarter. Reported quarter earnings marked $-8.60 M with a profit margin of -13.69%. Profit margin stayed stable a 0.15% compared to previous quarter when profit margin was -13.84%. When comparing sales to same quarter last year, Independence Contract Drilling sales marked an outstanding gain and skyrocketed a 150.74%. Looking back to recent quarterly results, Independence Contract Drilling posted 7 negative quarters in a row.
|2017-Q1||$20 M||-||$-6.27 M-31.0%||-|
|2017-Q2||$21 M||5.19%||$-6.30 M-29.6%||0.48%|
|2017-Q3||$23 M||10.12%||$-5.98 M-25.5%||-5.08%|
|2017-Q4||$25 M||6.81%||$-5.75 M-22.9%||-3.93%|
|2018-Q1||$26 M||2.34%||$-4.15 M-16.2%||-27.83%|
|2018-Q2||$26 M||0.50%||$-3.31 M-12.9%||-20.09%|
|2018-Q3||$28 M||10.43%||$-3.94 M-13.8%||18.83%|
|2018-Q4||$63 M||120.78%||$-8.60 M-13.7%||118.36%|
Independence Contract Drilling ownershipWhen you are planning to invest in shares of a stock, it's always worth to check its ownership structure.
Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For Independence Contract Drilling, 7.40% of all outstanding shares are owned by its staff.
Bearish positions for ICD stock account 0.00%, no big difference from last month.
The following table compares ownership indicators for other stocks related to Independence Contract Drilling:
|Market cap||$30.5 M|
|Total shares||76.3 M|
|Float shares||49.8 M|
|- Institutional holdings (%)||81.1%|
|- Insider holdings (%)||7.4%|
|Shares in short selling||0.0%|
|Thursday, February 27th, 2020|
|Day range||$0.40 - $0.44|
|Average true range||$0.05|
|50d mov avg||$0.79|
|100d mov avg||$0.82|
|200d mov avg||$1.18|
Independence Contract Drilling performancePerformance as an absolute value is never valid if it's not benchmarked against competitors or related stocks in the industry. We selected as the bechmarking frame for Independence Contract Drilling stock.