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Independence Contract Drilling Inc. (ICD) share price soared 10.23% with the closing price of $2.91 on Friday. Independence Contract Drilling Inc. stock has an exchanging volume of 12.39 million shares, which is high, contrasted with its 3-months average volume of 354.05K shares. Its market capitalization has now reached to $13.71M and analysts have a consensus target price of $4.50 in the 12-month period.
Independence Contract Drilling, Inc. Provides Interim Update On Certain Operational And Financial Data on September 3, 2020 news published at Yahoo.
B. Riley FBR announced it was Downgrade coverage of Independence Contract Drilling Inc. in a research note on May 11, 2020. Tudor Pickering rated the stock as a Hold in a research noted published on March 11, 2020. Evercore ISI rated the stock as an In-line in a research note published on March 09, 2020.
ICD Past Trading Activity
The market tends to become urbane often, in any event, for prepared investors and traders. In any event, when a merchant got what he/she had expected, the market occasionally chooses to move the other way. This instability leads a few traders questioning and re-thinking their moves. This is the reason becoming acquainted with past price performance, just as both long and short time period, is significant. If we look the past performance, during the last one week, ICD price has rose by 21.76%. In the course of past three months sees the stock go up around 2.11%, while it has lost -77.49% over the past six months and -85.40% since the start of the year.
ICD Earning History
Earnings per share are the amount of profit that a company produces during a specific period, which is usually defined as a quarter (three calendar months) or a year. In recent quarter of (Sep 2020), the firm recorded a revenue of 21.38 billion, which was higher than the gauge of 10M made by certain experts. For that equivalent quarter, Independence Contract Drilling Inc. posted -$2.73 earnings per share (EPS) which was above the consensus estimate of -$3.47 by $0.74, which represents to an expansion by 21.30%.
ICD Price Performance
Let us presently take a gander at a portion of its probable help and opposition resistance. Late research on Independence Contract Drilling Inc. has seen its stock exchanging -40.12% underneath its three-month high price. A glance at the opposite side additionally observes stock exchanging +37.26% above its three-month low. A more extensive look sees ICD exchanging -87.98% beneath its 52-week high and 169.44% above from its 52-week low price.
ICD Instability & Beta Factor
The Volatility of a stock means that the stock’s drop or increase in the event that the more extensive market drops or rushes. A beta score higher than 1 implies that a stock is profoundly unpredictable while underneath 1 implies that the Volatility of a stock is low. If we look trading Volatility. Its 7-day Volatility is around 17.98%, while it has a month to month instability of 12.48%. The company has an ATR (Average True Range) of 0.34 and a beta factor of 7.46.