Is Drilling Tools Stock a Good Investment?
Drilling Tools Investment Advice | DTI |
- Examine Drilling Tools' financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Drilling Tools' leadership team and their track record. Good management can help Drilling Tools navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Oil & Gas Equipment & Services space and any emerging trends that could impact Drilling Tools' business and its evolving consumer preferences.
- Compare Drilling Tools' performance and market position to its competitors. Analyze how Drilling Tools is positioned in terms of product offerings, innovation, and market share.
- Check if Drilling Tools pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Drilling Tools' stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Drilling Tools International stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Drilling Tools International is a good investment.
Sell | Buy |
Hold
Market Performance | Solid | Details | |
Volatility | Relatively risky | Details | |
Hype Condition | Under hyped | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Almost neglects market trends | Details | |
Investor Sentiment | Interested | Details | |
Analyst Consensus | Hold | Details | |
Financial Strenth (F Score) | Strong | Details | |
Financial Leverage | Inapplicable | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Examine Drilling Tools Stock
Researching Drilling Tools' stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 74.0% of the company shares are held by company insiders. The company has price-to-book (P/B) ratio of 1.06. Some equities with similar Price to Book (P/B) outperform the market in the long run. Drilling Tools Inter had not issued any dividends in recent years.
To determine if Drilling Tools is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Drilling Tools' research are outlined below:
| Drilling Tools Inter appears to be risky and price may revert if volatility continues | |
| Drilling Tools International was previously known as ROC Energy Acquisition and was traded on NASDAQ Exchange under the symbol ROC. | |
| Drilling Tools Inter has a strong financial position based on the latest SEC filings | |
| About 74.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: Drilling Tools International Releases Quarterly Earnings Results, Misses Estimates By 0.02 EPS - MarketBeat |
Drilling Tools uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Drilling Tools International. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Drilling Tools' previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 12th of February 2024 Upcoming Quarterly Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View |
Drilling Tools Target Price Consensus
We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Drilling target price is determined by taking all analyst projections and averaging them out. There is no one specific way to measure analysts' performance other than comparing it to past results via a very sophisticated attribution analysis. Drilling Tools' target price projections below should be used in combination with other traditional price prediction techniques such as stock price forecasting, investor sentiment analysis, technical analysis, earnings estimate, and various momentum models.
| One | Hold |
Most Drilling analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to help potential investors understand Drilling stock's fair price compared to its market value. Analysts arrive at stock ratings after researching the public financial statements of Drilling Tools Inter, talking to its executives and customers, or listening to those companies' conference calls.
Macroaxis Advice Exposure ValuationDrilling Tools Target Price Projection
Drilling Tools' current and average target prices are 5.65 and 3.30, respectively. The current price of Drilling Tools is the price at which Drilling Tools International is currently trading. On the other hand, Drilling Tools' target price is what analysts think the stock is worth or could sell for in the future. The more significant the discrepancy between the two prices, the more it stimulates investors to act.Target Price
Analyst Consensus On Drilling Tools Target Price
Drilling Tools Analyst Ratings
Drilling Tools' analyst stock recommendations are determined by taking an average estimate of all analysts we track and classifying them as Strong Buy, Buy, Hold, Strong Sell, or Sell. Ratings generally communicate what analysts sense about Drilling Tools stock, and they use a lot of effort and time to analyze it and arrive at a rating. That suggests that analyst recommendations are the outcome of an objective and thorough examination of Drilling Tools' financials, market performance, and future outlook by experienced professionals. Drilling Tools' historical ratings below, therefore, can serve as a valuable tool for investors.Drilling Tools' market capitalization trends
The company currently falls under 'Small-Cap' category with a total capitalization of 168.19 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Drilling Tools's market, we take the total number of its shares issued and multiply it by Drilling Tools's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.Market Cap |
|
Drilling Tools' profitablity analysis
Drilling Tools' profitability indicators refer to fundamental financial ratios that showcase Drilling Tools' ability to generate income relative to its revenue or operating costs. If, let's say, Drilling Tools is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, Drilling Tools' executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of Drilling Tools' profitability requires more research than a typical breakdown of Drilling Tools' financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | 0.11 | 0.09 | |
| Return On Capital Employed | 0.25 | 0.27 | |
| Return On Assets | 0.11 | 0.09 | |
| Return On Equity | 0.17 | 0.16 |
Determining Drilling Tools' profitability involves analyzing its financial statements and using various financial metrics to determine if Drilling Tools is a good buy. For example, gross profit margin measures Drilling Tools' profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Drilling Tools' profitability and make more informed investment decisions.
The data published in Drilling Tools' official financial statements usually reflect Drilling Tools' business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Drilling Tools Inter. For example, before you start analyzing numbers published by Drilling accountants, it's critical to develop an understanding of what Drilling Tools' liquidity, profitability, and earnings quality are in the context of the Energy Equipment & Services space in which it operates.
Please note, the presentation of Drilling Tools' financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Drilling Tools' management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Drilling Tools' accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Drilling Tools International. Please utilize our Beneish M Score to check the likelihood of Drilling Tools' management manipulating its earnings.
Evaluate Drilling Tools' management efficiency
Drilling Tools Inter has Return on Asset of 0.1467 % which means that on every $100 spent on assets, it made $0.1467 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.2141 %, implying that it generated $0.2141 on every 100 dollars invested. Drilling Tools' management efficiency ratios could be used to measure how well Drilling Tools manages its routine affairs as well as how well it operates its assets and liabilities. The Drilling Tools' current Return On Capital Employed is estimated to increase to 0.27, while Return On Tangible Assets are projected to decrease to 0.09. As of now, Drilling Tools' Other Current Assets are increasing as compared to previous years. The Drilling Tools' current Intangible Assets is estimated to increase to about 234.9 K, while Total Assets are projected to decrease to under 112.6 M.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 4.14 | 4.35 | |
| Net Current Asset Value | 0.00 | 0.00 | |
| Tangible Asset Value | 0.00 | 0.00 | |
| Tangible Book Value Per Share | 4.13 | 4.34 | |
| Enterprise Value Over EBITDA | 1.69 | 1.60 | |
| Price Book Value Ratio | 0.77 | 0.73 | |
| Enterprise Value Multiple | 1.69 | 1.60 | |
| Price Fair Value | 0.77 | 0.73 | |
| Enterprise Value | 0.00 | 0.00 |
The analysis of Drilling Tools' management efficiency is an essential part of evaluating and assessing the financial and operational performance of the entity. It is also vital to analyze Drilling Tools' future growth prospects and the overall market conditions to determine the value and potential of its stock. The analysis involves studying a range of financial metrics such as revenue, earnings, profit margins, cash flow, debt, market share, and external factors such as economic trends, industry outlook, competition, and government regulations. The goal of Drilling Stock analysis is to determine whether it is undervalued, fairly valued, or overvalued and to make informed investment decisions.
Beta (0.95) |
Basic technical analysis of Drilling Stock
As of the 12th of May 2024, Drilling Tools shows the Mean Deviation of 2.87, coefficient of variation of 359.44, and Downside Deviation of 2.43. Drilling Tools Inter technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to interpolate and analyze data for nineteen technical drivers for Drilling Tools International, which can be compared to its peers. Please confirm Drilling Tools Inter variance, as well as the relationship between the maximum drawdown and semi variance to decide if Drilling Tools Inter is priced favorably, providing market reflects its regular price of 5.65 per share. Given that Drilling Tools has jensen alpha of 1.12, we urge you to verify Drilling Tools International's prevailing market performance to make sure the company can sustain itself at a future point.Drilling Tools' 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 Drilling Tools insiders, such as employees or executives, is commonly permitted as long as it does not rely on Drilling Tools' 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 Drilling Tools 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.
Ghasemi Seifi few days ago Disposition of 131358 shares by Ghasemi Seifi of Drilling Tools at 78.894 subject to Rule 16b-3 | ||
David Johnson over a week ago Insider Trading | ||
Ghasemi Seifi over a month ago Acquisition by Ghasemi Seifi of 414 shares of Drilling Tools subject to Rule 16b-3 | ||
Michael Domino over two months ago Acquisition by Michael Domino of 300000 shares of Drilling Tools subject to Rule 16b-3 | ||
Patterson Thomas Monroe over six months ago Purchase by Patterson Thomas Monroe of 8500 shares of Drilling Tools | ||
Hicks Thomas O over six months ago Acquisition by Hicks Thomas O of 695181 shares of Drilling Tools subject to Rule 16b-3 | ||
Domino Michael Wayne Jr over six months ago Acquisition by Domino Michael Wayne Jr of 1470548 shares of Drilling Tools subject to Rule 16b-3 |
Understand Drilling Tools' technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing Drilling Tools' various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | 0.1801 | |||
| Market Risk Adjusted Performance | (3.03) | |||
| Mean Deviation | 2.87 | |||
| Semi Deviation | 1.81 | |||
| Downside Deviation | 2.43 | |||
| Coefficient Of Variation | 359.44 | |||
| Standard Deviation | 3.97 | |||
| Variance | 15.8 | |||
| Information Ratio | 0.2573 | |||
| Jensen Alpha | 1.12 | |||
| Total Risk Alpha | 0.6237 | |||
| Sortino Ratio | 0.4216 | |||
| Treynor Ratio | (3.04) | |||
| Maximum Drawdown | 23.05 | |||
| Value At Risk | (3.36) | |||
| Potential Upside | 6.67 | |||
| Downside Variance | 5.88 | |||
| Semi Variance | 3.27 | |||
| Expected Short fall | (3.89) | |||
| Skewness | 1.58 | |||
| Kurtosis | 4.7 |
| Risk Adjusted Performance | 0.1801 | |||
| Market Risk Adjusted Performance | (3.03) | |||
| Mean Deviation | 2.87 | |||
| Semi Deviation | 1.81 | |||
| Downside Deviation | 2.43 | |||
| Coefficient Of Variation | 359.44 | |||
| Standard Deviation | 3.97 | |||
| Variance | 15.8 | |||
| Information Ratio | 0.2573 | |||
| Jensen Alpha | 1.12 | |||
| Total Risk Alpha | 0.6237 | |||
| Sortino Ratio | 0.4216 | |||
| Treynor Ratio | (3.04) | |||
| Maximum Drawdown | 23.05 | |||
| Value At Risk | (3.36) | |||
| Potential Upside | 6.67 | |||
| Downside Variance | 5.88 | |||
| Semi Variance | 3.27 | |||
| Expected Short fall | (3.89) | |||
| Skewness | 1.58 | |||
| Kurtosis | 4.7 |
Consider Drilling Tools' intraday indicators
Drilling Tools intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Drilling Tools stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
Drilling Tools time-series forecasting models is one of many Drilling Tools' stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Drilling Tools' historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.
Drilling Stock media impact
Far too much social signal, news, headlines, and media speculation about Drilling Tools that are available to investors today. That information is available publicly through Drilling media outlets and privately through word of mouth or via Drilling internal channels. However, regardless of the origin, that massive amount of Drilling data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Drilling Tools news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Drilling Tools relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Drilling Tools' headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Drilling Tools alpha.
Drilling Tools Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards Drilling Tools can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Drilling Tools without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
Run Cryptocurrency Center Now
Cryptocurrency CenterBuild and monitor diversified portfolio of extremely risky digital assets and cryptocurrency |
| All Next | Launch Module |
Drilling Tools Corporate Management
Elected by the shareholders, the Drilling Tools' board of directors comprises two types of representatives: Drilling Tools inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Drilling. The board's role is to monitor Drilling Tools' management team and ensure that shareholders' interests are well served. Drilling Tools' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Drilling Tools' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Veda Ragsdill | Vice Resources | Profile | |
| Aldo Rodriguez | Vice Sales | Profile | |
| Jameson Parker | Vice Development | Profile | |
| David Johnson | Chief Officer | Profile |
How to buy Drilling Stock?
To provide specific investment advice or recommendations on Drilling Tools International stock, we recommend investors consider the following general factors when evaluating Drilling Tools International. This will help you to make an informed decision on whether to include Drilling Tools in one of your diversified portfolios:- Examine Drilling Tools' financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Drilling Tools' leadership team and their track record. Good management can help Drilling Tools navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Oil & Gas Equipment & Services space and any emerging trends that could impact Drilling Tools' business and its evolving consumer preferences.
- Compare Drilling Tools' performance and market position to its competitors. Analyze how Drilling Tools is positioned in terms of product offerings, innovation, and market share.
- Check if Drilling Tools pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Drilling Tools' stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Drilling Tools International stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Drilling Tools International is a good investment.
Already Invested in Drilling Tools International?
The danger of trading Drilling Tools International is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Drilling Tools is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Drilling Tools. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Drilling Tools Inter is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Drilling Tools Inter offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Drilling Tools' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Drilling Tools International Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Drilling Tools International Stock: Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Drilling Tools International. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
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.
| Premium Stories Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope | |
| Funds Screener Find actively-traded funds from around the world traded on over 30 global exchanges | |
| Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets | |
| Global Correlations Find global opportunities by holding instruments from different markets | |
| Investing Opportunities Build portfolios using our predefined set of ideas and optimize them against your investing preferences | |
| Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities |
Is Drilling Tools' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Drilling Tools. If investors know Drilling will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Drilling Tools listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.63) | Earnings Share 0.59 | Revenue Per Share 7.097 | Quarterly Revenue Growth (0.04) | Return On Assets 0.1467 |
The market value of Drilling Tools Inter is measured differently than its book value, which is the value of Drilling that is recorded on the company's balance sheet. Investors also form their own opinion of Drilling Tools' value that differs from its market value or its book value, called intrinsic value, which is Drilling Tools' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Drilling Tools' market value can be influenced by many factors that don't directly affect Drilling Tools' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
In summary, please note that there is a difference between Drilling Tools' value and its price, as these two are different measures arrived at by various means. Investors typically determine if Drilling Tools is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Drilling Tools' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.