Drilling Tools International Stock Price on February 12, 2024
| DTI Stock | 5.95 0.26 4.19% |
If you're considering investing in Drilling Stock, it is important to understand the factors that can impact its price. As of today, the current price of Drilling Tools stands at 5.95, as last reported on the 5th of June, with the highest price reaching 6.28 and the lowest price hitting 5.94 during the day. Drilling Tools is relatively risky given 3 months investment horizon. Drilling Tools Inter secures Sharpe Ratio (or Efficiency) of 0.29, which denotes the company had a 0.29% return per unit of risk over the last 3 months. We were able to interpolate and analyze data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.19% are justified by taking the suggested risk. Use Drilling Tools Downside Deviation of 2.49, coefficient of variation of 355.79, and Mean Deviation of 2.83 to evaluate company specific risk that cannot be diversified away.
As of now, Drilling Tools' Other Stockholder Equity is increasing as compared to previous years. The Drilling Tools' current Stock Based Compensation is estimated to increase to about 4.2 M, while Total Stockholder Equity is projected to decrease to under 48.1 M. . As of now, Drilling Tools' Price Earnings To Growth Ratio is increasing as compared to previous years. The Drilling Tools' current Price To Operating Cash Flows Ratio is estimated to increase to 3.08, while Price To Sales Ratio is projected to decrease to 0.43. Drilling Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Drilling |
Sharpe Ratio = 0.2943
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Estimated Market Risk
| 4.03 actual daily | 35 65% of assets are more volatile |
Expected Return
| 1.19 actual daily | 23 77% of assets have higher returns |
Risk-Adjusted Return
| 0.29 actual daily | 22 78% of assets perform better |
Based on monthly moving average Drilling Tools is performing at about 22% 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 Drilling Tools by adding it to a well-diversified portfolio.
Price Book 1.0594 | Enterprise Value Ebitda 2.315 | Price Sales 0.5857 | Shares Float 8.1 M | Wall Street Target Price 4.8 |
Drilling Tools Valuation on February 12, 2024
It is possible to determine the worth of Drilling Tools on a given historical date. On February 12, 2024 Drilling was worth 3.0 at the beginning of the trading date compared to the closed value of 2.98. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Drilling Tools stock. Still, in general, we apply an absolute valuation method to find Drilling Tools' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Drilling Tools where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Drilling Tools' related companies.
| Open | High | Low | Close | Volume | |
| 2.86 | 2.91 | 2.85 | 2.88 | 2,126 | |
02/12/2024 | 3.00 | 3.04 | 2.92 | 2.98 | 14,449 |
| 2.95 | 3.12 | 2.95 | 2.99 | 40,453 |
| Backtest Drilling Tools | | | Drilling Tools History | | | Drilling Tools Valuation | Previous | Next |
Drilling Tools Trading Date Momentum on February 12, 2024
| On February 13 2024 Drilling Tools International was traded for 2.99 at the closing time. Highest Drilling Tools's price during the trading hours was 3.12 and the lowest price during the day was 2.95 . The net volume was 40.5 K. The overall trading history on the 13th of February 2024 contributed to the next trading period price growth. The overall trading delta to the next next day price was 0.34% . The overall trading delta to current price is 1.01% . |
Drilling Tools Inter Fundamentals Correlations and Trends
By evaluating Drilling Tools' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Drilling Tools' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Drilling financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Drilling Tools Stock history
Drilling Tools investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Drilling is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Drilling Tools Inter will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Drilling Tools stock prices may prove useful in developing a viable investing in Drilling Tools
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 25.1 M | 21 M |
Drilling Tools Quarterly Net Working Capital |
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Drilling Tools Stock Technical Analysis
Drilling Tools technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Drilling Tools Period Price Range
Low | February 12, 2024
| High |
3.00 | 2.98 |
Drilling Tools June 5, 2024 Market Strength
Market strength indicators help investors to evaluate how Drilling Tools stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Drilling Tools shares will generate the highest return on investment. By undertsting and applying Drilling Tools stock market strength indicators, traders can identify Drilling Tools International entry and exit signals to maximize returns
Drilling Tools Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Drilling Tools' price direction in advance. Along with the technical and fundamental analysis of Drilling Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Drilling to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1839 | |||
| Jensen Alpha | 1.1 | |||
| Total Risk Alpha | 1.04 | |||
| Sortino Ratio | 0.4361 | |||
| Treynor Ratio | (3.20) |
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Complementary Tools for Drilling Stock analysis
When running Drilling Tools' price analysis, check to measure Drilling Tools' 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 Drilling Tools is operating at the current time. Most of Drilling Tools' value examination focuses on studying past and present price action to predict the probability of Drilling Tools' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Drilling Tools' price. Additionally, you may evaluate how the addition of Drilling Tools to your portfolios can decrease your overall portfolio volatility.
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