NorAm Drilling (Norway) Analysis
| NORAM Stock | 33.70 0.20 0.59% |
NorAm Drilling AS is fairly valued with Real Value of 33.49 and Hype Value of 33.7. The main objective of NorAm Drilling stock analysis is to determine its intrinsic value, which is an estimate of what NorAm Drilling AS is worth, separate from its market price. There are two main types of NorAm Drilling's stock analysis: fundamental analysis and technical analysis. Fundamental analysis focuses on the financial and economic factors that affect NorAm Drilling's performance, such as revenue growth, earnings, and financial stability. Technical analysis, on the other hand, focuses on the price and volume data of NorAm Drilling's stock to identify patterns and trends that may indicate its future price movements.
The NorAm Drilling stock is traded in Norway on Oslo Stock Exchange, with the market opening at 09:00:00 and closing at 16:20:00 every Mon,Tue,Wed,Thu,Fri except for officially observed holidays in Norway. NorAm Drilling is usually not traded on Christmas Eve, Christmas Day, Boxing Day, New Year 's Day, Maundy Thursday, Good Friday, Easter Sunday, Easter Monday, International Workers ' Day, ConstitutionDay. NorAm Stock trading window is adjusted to Europe/Oslo timezone.
NorAm |
NorAm Stock Analysis Notes
The company last dividend was issued on the 13th of January 2023. To find out more about NorAm Drilling AS contact Martin Jimmerson at 47 23 11 40 00 or learn more at https://www.noramdrilling.com.NorAm Drilling AS Investment Alerts
| The company reported the revenue of 50.38 M. Net Loss for the year was (19.53 M) with profit before overhead, payroll, taxes, and interest of 33.99 M. | |
| NorAm Drilling AS has accumulated about 12.78 M in cash with (1.96 M) of positive cash flow from operations. |
NorAm Drilling Thematic Classifications
In addition to having NorAm Drilling stock in your portfolios, you can add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your favorite investment opportunity, you can then obtain an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility. If you are a result-oriented investor, you can benefit from optimizing one of our existing themes to build an efficient portfolio against your specific investing outlook.
 | Oil And GasOil And Gas drilling, production, pipelines, and equipment |
NorAm Market Capitalization
The company currently falls under 'Mid-Cap' category with a current market capitalization of 2.73 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate NorAm Drilling's market, we take the total number of its shares issued and multiply it by NorAm Drilling'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.NorAm Profitablity
NorAm Drilling's profitability indicators refer to fundamental financial ratios that showcase NorAm Drilling's ability to generate income relative to its revenue or operating costs. If, let's say, NorAm Drilling is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, NorAm Drilling's 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 NorAm Drilling's profitability requires more research than a typical breakdown of NorAm Drilling's financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
The company has Profit Margin (PM) of (0.15) %, which may suggest that it does not properly executes on its current pricing strategies or is unable to control all of the operational costs. This is way below average. Similarly, it shows Operating Margin (OM) of (0.04) %, which suggests for every $100 dollars of sales, it generated a net operating loss of $0.04. Technical Drivers
As of the 4th of March, NorAm Drilling secures the Risk Adjusted Performance of 0.0131, downside deviation of 1.74, and Mean Deviation of 1.58. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of NorAm Drilling AS, as well as the relationship between them.NorAm Drilling AS Price Movement Analysis
The output start index for this execution was twenty-nine with a total number of output elements of thirty-two. The Bollinger Bands is very popular indicator that was developed by John Bollinger. It consist of three lines. NorAm Drilling middle band is a simple moving average of its typical price. The upper and lower bands are (N) standard deviations above and below the middle band. The bands widen and narrow when the volatility of the price is higher or lower, respectively. The upper and lower bands can also be interpreted as price targets for NorAm Drilling AS. When the price bounces off of the lower band and crosses the middle band, then the upper band becomes the price target.
NorAm Drilling Predictive Daily Indicators
NorAm Drilling 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 NorAm Drilling 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.
| Accumulation Distribution | 3403.79 | |||
| Daily Balance Of Power | (0.13) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 34.05 | |||
| Day Typical Price | 33.93 | |||
| Price Action Indicator | (0.45) | |||
| Period Momentum Indicator | (0.20) |
NorAm Drilling Forecast Models
NorAm Drilling's time-series forecasting models are one of many NorAm Drilling's stock analysis techniques aimed at predicting 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 NorAm Drilling's 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.Be your own money manager
As an investor, your ultimate goal is to build wealth. Optimizing your investment portfolio is an essential element in this goal. Using our stock analysis tools, you can find out how much better you can do when adding NorAm Drilling to your portfolios without increasing risk or reducing expected return.Did you try this?
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Other Information on Investing in NorAm Stock
NorAm Drilling financial ratios help investors to determine whether NorAm Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in NorAm with respect to the benefits of owning NorAm Drilling security.