Precision Drilling Stock Price on October 22, 2024

PDS Stock  USD 57.97  1.39  2.46%   
Below is the normalized historical share price chart for Precision Drilling extending back to November 15, 1996. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Precision Drilling stands at 57.97, as last reported on the 25th of December, with the highest price reaching 58.21 and the lowest price hitting 56.61 during the day.
IPO Date
15th of November 1996
200 Day MA
66.9724
50 Day MA
61.1212
Beta
2.748
 
Dot-com Bubble
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
If you're considering investing in Precision Stock, it is important to understand the factors that can impact its price. Precision Drilling maintains Sharpe Ratio (i.e., Efficiency) of -0.0234, which implies the firm had a -0.0234% return per unit of risk over the last 3 months. Precision Drilling exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Precision Drilling's Coefficient Of Variation of (1,197), risk adjusted performance of (0.06), and Variance of 4.88 to confirm the risk estimate we provide.
  
At this time, Precision Drilling's Total Stockholder Equity is comparatively stable compared to the past year. Liabilities And Stockholders Equity is likely to gain to about 3.3 B in 2024, whereas Other Stockholder Equity is likely to drop slightly above 71.3 M in 2024. . Price To Free Cash Flows Ratio is likely to gain to 3.80 in 2024, whereas Price To Sales Ratio is likely to drop 0.49 in 2024. Precision Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0234

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Estimated Market Risk

 2.13
  actual daily
18
82% of assets are more volatile

Expected Return

 -0.05
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.02
  actual daily
0
Most of other assets perform better
Based on monthly moving average Precision Drilling is not performing at its full potential. However, 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 Precision Drilling by adding Precision Drilling to a well-diversified portfolio.
Price Book
0.7091
Enterprise Value Ebitda
3.4152
Price Sales
0.4243
Shares Float
13.6 M
Wall Street Target Price
91.07

Precision Drilling Valuation on October 22, 2024

It is possible to determine the worth of Precision Drilling on a given historical date. On October 22, 2024 Precision was worth 60.35 at the beginning of the trading date compared to the closed value of 58.98. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Precision Drilling stock. Still, in general, we apply an absolute valuation method to find Precision Drilling's 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 Precision Drilling where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Precision Drilling's related companies.
 Open High Low Close Volume
  61.16    61.16    59.53    59.93    59,607  
10/22/2024
  60.35    60.35    58.96    58.98    79,760  
  58.87    58.88    57.51    57.94    65,959  
Backtest Precision Drilling  |  Precision Drilling History  |  Precision Drilling Valuation   PreviousNext  
Open Value
60.35
58.98
Closing Value
66.74
Upside

Precision Drilling Trading Date Momentum on October 22, 2024

On October 23 2024 Precision Drilling was traded for  57.94  at the closing time. Highest Precision Drilling's price during the trading hours was 58.88  and the lowest price during the day was  57.51 . The net volume was 66 K. The overall trading history on the 23rd of October contributed to the next trading period price depreciation. The trading delta at closing time to the next next day price was 1.76% . The trading delta at closing time to current price is 3.37% .

Precision Drilling Fundamentals Correlations and Trends

By evaluating Precision Drilling's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Precision Drilling's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Precision financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Precision Drilling Stock history

Precision Drilling 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 Precision is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Precision Drilling 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 Precision Drilling stock prices may prove useful in developing a viable investing in Precision Drilling
Last ReportedProjected for Next Year
Common Stock Shares Outstanding15.3 M14.4 M
Net Loss-30.9 M-29.3 M

Precision Drilling Quarterly Net Working Capital

166.47 Million

Precision Drilling Stock Technical Analysis

Precision Drilling 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.
A focus of Precision Drilling technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Precision Drilling trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Precision Drilling Period Price Range

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December 25, 2024
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Precision Drilling cannot be verified against its exchange. Please verify the symbol is currently traded on New York Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.

Precision Drilling December 25, 2024 Market Strength

Market strength indicators help investors to evaluate how Precision Drilling stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Precision Drilling shares will generate the highest return on investment. By undertsting and applying Precision Drilling stock market strength indicators, traders can identify Precision Drilling entry and exit signals to maximize returns

Precision Drilling Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Precision Drilling's price direction in advance. Along with the technical and fundamental analysis of Precision Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Precision 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.

Additional Tools for Precision Stock Analysis

When running Precision Drilling's price analysis, check to measure Precision 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 Precision Drilling is operating at the current time. Most of Precision Drilling's value examination focuses on studying past and present price action to predict the probability of Precision 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 Precision Drilling's price. Additionally, you may evaluate how the addition of Precision Drilling to your portfolios can decrease your overall portfolio volatility.