Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
After finishing at $2.85 in the prior trading day, Drilling Tools International Corporation (NASDAQ: DTI) closed at $2.88, up 1.05%. In other words, the price has increased by $1.05 from its previous closing price. On the day, 0.75 million shares were traded. DTI stock price reached its highest trading level at $2.9 during the session, while it also had its lowest trading level at $2.775.
Ratios:
Our goal is to gain a better understanding of DTI by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.37 and its Current Ratio is at 1.94. In the meantime, Its Debt-to-Equity ratio is 0.64 whereas as Long-Term Debt/Eq ratio is at 0.56.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Alliance Global Partners on July 01, 2024, initiated with a Buy rating and assigned the stock a target price of $8.50.
On February 26, 2024, Jefferies started tracking the stock assigning a Hold rating and target price of $3.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, DTI now has a Market Capitalization of 102506984 and an Enterprise Value of 177421296. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.64 while its Price-to-Book (P/B) ratio in mrq is 0.84. Its current Enterprise Value per Revenue stands at 1.106 whereas that against EBITDA is 4.823.
Stock Price History:
The Beta on a monthly basis for DTI is -0.38, which has changed by -0.47920436 over the last 52 weeks, in comparison to a change of 0.11937654 over the same period for the S&P500. Over the past 52 weeks, DTI has reached a high of $6.36, while it has fallen to a 52-week low of $1.43. The 50-Day Moving Average of the stock is 8.98%, while the 200-Day Moving Average is calculated to be -6.09%.
Shares Statistics:
The stock has traded on average 95.66K shares per day over the past 3-months and 251400 shares per day over the last 10 days, according to various share statistics. A total of 35.59M shares are outstanding, with a floating share count of 13.53M. Insiders hold about 62.00% of the company’s shares, while institutions hold 9.66% stake in the company. Shares short for DTI as of 1749772800 were 552358 with a Short Ratio of 5.77, compared to 1747267200 on 598933. Therefore, it implies a Short% of Shares Outstanding of 552358 and a Short% of Float of 46.92.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
