Akita Drilling Stock Net Income
| AKTAF Stock | USD 1.08 0.00 0.00% |
AKITA Drilling fundamentals help investors to digest information that contributes to AKITA Drilling's financial success or failures. It also enables traders to predict the movement of AKITA Pink Sheet. The fundamental analysis module provides a way to measure AKITA Drilling's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to AKITA Drilling pink sheet.
AKITA |
AKITA Drilling Company Net Income Analysis
AKITA Drilling's Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.
Current AKITA Drilling Net Income | (20.99 M) |
Most of AKITA Drilling's fundamental indicators, such as Net Income, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, AKITA Drilling is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
| Competition |
Based on the recorded statements, AKITA Drilling reported net income of (20.99 Million). This is 100.92% lower than that of the Energy Equipment & Services sector and 94.77% lower than that of the Energy industry. The net income for all United States stocks is 103.68% higher than that of the company.
AKITA Net Income Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses AKITA Drilling's direct or indirect competition against its Net Income to detect undervalued stocks with similar characteristics or determine the pink sheets which would be a good addition to a portfolio. Peer analysis of AKITA Drilling could also be used in its relative valuation, which is a method of valuing AKITA Drilling by comparing valuation metrics of similar companies.AKITA Drilling is currently under evaluation in net income category among related companies.
AKITA Fundamentals
| Return On Equity | -0.0705 | |||
| Return On Asset | -0.0152 | |||
| Profit Margin | (0.05) % | |||
| Operating Margin | (0.03) % | |||
| Current Valuation | 115.75 M | |||
| Shares Outstanding | 38 M | |||
| Shares Owned By Insiders | 17.81 % | |||
| Shares Owned By Institutions | 20.90 % | |||
| Price To Earning | (7.02) X | |||
| Price To Book | 0.51 X | |||
| Price To Sales | 0.29 X | |||
| Revenue | 110.09 M | |||
| Gross Profit | 20.25 M | |||
| EBITDA | 10.61 M | |||
| Net Income | (20.99 M) | |||
| Cash And Equivalents | 4.07 M | |||
| Cash Per Share | 0.10 X | |||
| Total Debt | 84.44 M | |||
| Debt To Equity | 0.78 % | |||
| Current Ratio | 1.58 X | |||
| Book Value Per Share | 3.24 X | |||
| Cash Flow From Operations | (3.46 M) | |||
| Earnings Per Share | (0.39) X | |||
| Number Of Employees | 1.06 K | |||
| Beta | 1.81 | |||
| Market Capitalization | 52.22 M | |||
| Total Asset | 247.57 M | |||
| Annual Yield | 0.22 % | |||
| Net Asset | 247.57 M |
About AKITA Drilling Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze AKITA Drilling's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of AKITA Drilling using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of AKITA Drilling based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards AKITA Drilling in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, AKITA Drilling's short interest history, or implied volatility extrapolated from AKITA Drilling options trading.
Pair Trading with AKITA Drilling
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if AKITA Drilling position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in AKITA Drilling will appreciate offsetting losses from the drop in the long position's value.Moving against AKITA Pink Sheet
| 0.62 | EC | Ecopetrol SA ADR | PairCorr |
| 0.53 | SMCE | SMC Entertainment | PairCorr |
The ability to find closely correlated positions to AKITA Drilling could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AKITA Drilling when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back AKITA Drilling - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling AKITA Drilling to buy it.
The correlation of AKITA Drilling is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as AKITA Drilling moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AKITA Drilling moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for AKITA Drilling can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AKITA Drilling. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. Note that the AKITA Drilling information on this page should be used as a complementary analysis to other AKITA Drilling's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.
Complementary Tools for AKITA Pink Sheet analysis
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.
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