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Independence Contract Drilling Inc
Buy, Hold or Sell?

Let's analyse Independence Contract Drilling Inc together

PenkeI guess you are interested in Independence Contract Drilling Inc. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Independence Contract Drilling Inc. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of Independence Contract Drilling Inc (30 sec.)










What can you expect buying and holding a share of Independence Contract Drilling Inc? (30 sec.)

How much money do you get?

How much money do you get?
$0.00
When do you have the money?
1 year
How often do you get paid?
12.5%

What is your share worth?

Current worth
$11.89
Expected worth in 1 year
$9.72
How sure are you?
27.5%

+ What do you gain per year?

Total Gains per Share
$-2.17
Return On Investment
-113.0%

For what price can you sell your share?

Current Price per Share
$1.92
Expected price per share
$1.61 - $2.05
How sure are you?
50%

1. Valuation of Independence Contract Drilling Inc (5 min.)




Live pricePrice per Share (EOD)

$1.92

Intrinsic Value Per Share

$3.71 - $39.59

Total Value Per Share

$15.60 - $51.48

2. Growth of Independence Contract Drilling Inc (5 min.)




Is Independence Contract Drilling Inc growing?

Current yearPrevious yearGrowGrow %
How rich?$181.5m$209.1m-$4.9m-2.4%

How much money is Independence Contract Drilling Inc making?

Current yearPrevious yearGrowGrow %
Making money-$9.4m-$4.6m-$4.7m-50.3%
Net Profit Margin-20.3%-12.6%--

How much money comes from the company's main activities?

3. Financial Health of Independence Contract Drilling Inc (5 min.)




4. Comparing to competitors in the Oil & Gas Drilling industry (5 min.)




  Industry Rankings (Oil & Gas Drilling)  


Richest
#14 / 24

Most Revenue
#14 / 24

Most Profit
#20 / 24

What can you expect buying and holding a share of Independence Contract Drilling Inc? (5 min.)

Welcome investor! Independence Contract Drilling Inc's management wants to use your money to grow the business. In return you get a share of Independence Contract Drilling Inc.

What can you expect buying and holding a share of Independence Contract Drilling Inc?

First you should know what it really means to hold a share of Independence Contract Drilling Inc. And how you can make/lose money.

Speculation

The Price per Share of Independence Contract Drilling Inc is $1.92. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Independence Contract Drilling Inc.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Independence Contract Drilling Inc, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is $11.89. Based on the TTM, the Book Value Change Per Share is $-0.54 per quarter. Based on the YOY, the Book Value Change Per Share is $0.32 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is $0.00 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Independence Contract Drilling Inc.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 $% of Price per Share$% of Price per Share$% of Price per Share$% of Price per Share$% of Price per Share
Usd Eps-1.70-88.5%-0.62-32.2%-0.31-16.0%-0.92-47.9%-0.63-33.0%
Usd Book Value Change Per Share-1.63-84.9%-0.54-28.3%0.3216.6%-0.69-35.8%0.063.1%
Usd Dividend Per Share0.000.0%0.000.0%0.000.0%0.041.8%0.020.9%
Usd Total Gains Per Share-1.63-84.9%-0.54-28.3%0.3216.6%-0.65-34.0%0.084.0%
Usd Price Per Share2.45-2.86-3.38-2.79-3.85-
Price to Earnings Ratio-0.36-258.12--0.89-50.80-21.56-
Price-to-Total Gains Ratio-1.50-7.10-28.83-2.96-10.67-
Price to Book Ratio0.21-0.21-0.25-0.18-0.24-
Price-to-Total Gains Ratio-1.50-7.10-28.83-2.96-10.67-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share1.92
Number of shares520
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.000.04
Usd Book Value Change Per Share-0.54-0.69
Usd Total Gains Per Share-0.54-0.65
Gains per Quarter (520 shares)-282.13-339.35
Gains per Year (520 shares)-1,128.54-1,357.41
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
10-1129-113973-1430-1367
20-2257-2268146-2860-2724
30-3386-3397219-4291-4081
40-4514-4526291-5721-5438
50-5643-5655364-7151-6795
60-6771-6784437-8581-8152
70-7900-7913510-10012-9509
80-9028-9042583-11442-10866
90-10157-10171656-12872-12223
100-11285-11300728-14302-13580

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share1.03.00.025.0%2.010.00.016.7%2.018.00.010.0%4.036.00.010.0%5.039.01.011.1%
Book Value Change Per Share1.03.00.025.0%4.08.00.033.3%4.016.00.020.0%11.029.00.027.5%13.029.03.028.9%
Dividend per Share0.00.04.00.0%2.00.010.016.7%4.00.016.020.0%5.00.035.012.5%5.00.040.011.1%
Total Gains per Share1.03.00.025.0%4.08.00.033.3%4.016.00.020.0%11.029.00.027.5%13.029.03.028.9%

Fundamentals of Independence Contract Drilling Inc

About Independence Contract Drilling Inc

Independence Contract Drilling, Inc. provides land-based contract drilling services for oil and natural gas producers in the United States. The company constructs, owns, and operates a fleet of pad-optimal, superspec AC powered rigs, and additional idle AC rigs in the Permian Basin and the Haynesville Shale. Its fleet consists of 26 rigs. Independence Contract Drilling, Inc. was incorporated in 2011 and is headquartered in Houston, Texas.

Fundamental data was last updated by Penke on 2024-03-10 03:08:05.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge loss.
Using its assets, the company is very inefficient in making profit.
Using its investors money, the company is very inefficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating very inefficient.
The company is less efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is just able to pay all its short-term debts.
The company is just able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is able to pay all its debts by selling its assets.
The company is able to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is cheap.
Based on the earnings, the company is expensive.
Based on how much money comes from the company's main activities, the company is cheap.

1.1. Profitability of Independence Contract Drilling Inc.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Independence Contract Drilling Inc earns for each $1 of revenue.

  • Above 10% is considered healthy but always compare Independence Contract Drilling Inc to the Oil & Gas Drilling industry mean.
  • A Net Profit Margin of -56.6% means that $-0.57 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Independence Contract Drilling Inc:

  • The MRQ is -56.6%. The company is making a huge loss. -2
  • The TTM is -20.3%. The company is making a huge loss. -2
Trends
Current periodCompared to+/- 
MRQ-56.6%TTM-20.3%-36.3%
TTM-20.3%YOY-12.6%-7.7%
TTM-20.3%5Y-58.0%+37.7%
5Y-58.0%10Y-40.7%-17.3%
Compared to industry (Oil & Gas Drilling)
PeriodCompanyIndustry (mean)+/- 
MRQ-56.6%2.2%-58.8%
TTM-20.3%2.2%-22.5%
YOY-12.6%-0.1%-12.5%
5Y-58.0%-20.8%-37.2%
10Y-40.7%-16.5%-24.2%
1.1.2. Return on Assets

Shows how efficient Independence Contract Drilling Inc is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Independence Contract Drilling Inc to the Oil & Gas Drilling industry mean.
  • -5.1% Return on Assets means that Independence Contract Drilling Inc generated $-0.05 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Independence Contract Drilling Inc:

  • The MRQ is -5.1%. Using its assets, the company is very inefficient in making profit. -2
  • The TTM is -2.0%. Using its assets, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-5.1%TTM-2.0%-3.1%
TTM-2.0%YOY-1.2%-0.8%
TTM-2.0%5Y-3.1%+1.1%
5Y-3.1%10Y-2.4%-0.7%
Compared to industry (Oil & Gas Drilling)
PeriodCompanyIndustry (mean)+/- 
MRQ-5.1%0.8%-5.9%
TTM-2.0%0.3%-2.3%
YOY-1.2%-0.4%-0.8%
5Y-3.1%-1.7%-1.4%
10Y-2.4%-1.5%-0.9%
1.1.3. Return on Equity

Shows how efficient Independence Contract Drilling Inc is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Independence Contract Drilling Inc to the Oil & Gas Drilling industry mean.
  • -14.3% Return on Equity means Independence Contract Drilling Inc generated $-0.14 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Independence Contract Drilling Inc:

  • The MRQ is -14.3%. Using its investors money, the company is very inefficient in making profit. -2
  • The TTM is -5.0%. Using its investors money, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-14.3%TTM-5.0%-9.3%
TTM-5.0%YOY-2.3%-2.6%
TTM-5.0%5Y-5.7%+0.7%
5Y-5.7%10Y-3.9%-1.8%
Compared to industry (Oil & Gas Drilling)
PeriodCompanyIndustry (mean)+/- 
MRQ-14.3%1.6%-15.9%
TTM-5.0%0.8%-5.8%
YOY-2.3%-0.5%-1.8%
5Y-5.7%-2.9%-2.8%
10Y-3.9%-2.5%-1.4%

1.2. Operating Efficiency of Independence Contract Drilling Inc.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Independence Contract Drilling Inc is operating .

  • Measures how much profit Independence Contract Drilling Inc makes for each $1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Independence Contract Drilling Inc to the Oil & Gas Drilling industry mean.
  • An Operating Margin of -6.5% means the company generated $-0.06  for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Independence Contract Drilling Inc:

  • The MRQ is -6.5%. The company is operating very inefficient. -2
  • The TTM is -1.6%. The company is operating very inefficient. -2
Trends
Current periodCompared to+/- 
MRQ-6.5%TTM-1.6%-4.9%
TTM-1.6%YOY-7.9%+6.3%
TTM-1.6%5Y-33.5%+31.9%
5Y-33.5%10Y-24.7%-8.8%
Compared to industry (Oil & Gas Drilling)
PeriodCompanyIndustry (mean)+/- 
MRQ-6.5%7.9%-14.4%
TTM-1.6%4.1%-5.7%
YOY-7.9%1.3%-9.2%
5Y-33.5%-15.5%-18.0%
10Y-24.7%-12.0%-12.7%
1.2.2. Operating Ratio

Measures how efficient Independence Contract Drilling Inc is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Oil & Gas Drilling industry mean).
  • An Operation Ratio of 1.06 means that the operating costs are $1.06 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Independence Contract Drilling Inc:

  • The MRQ is 1.065. The company is inefficient in keeping operating costs low. -1
  • The TTM is 0.958. The company is less efficient in keeping operating costs low.
Trends
Current periodCompared to+/- 
MRQ1.065TTM0.958+0.106
TTM0.958YOY1.031-0.073
TTM0.9585Y1.241-0.283
5Y1.24110Y1.166+0.075
Compared to industry (Oil & Gas Drilling)
PeriodCompanyIndustry (mean)+/- 
MRQ1.0651.207-0.142
TTM0.9581.221-0.263
YOY1.0311.017+0.014
5Y1.2411.217+0.024
10Y1.1661.168-0.002

1.3. Liquidity of Independence Contract Drilling Inc.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Independence Contract Drilling Inc is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Oil & Gas Drilling industry mean).
  • A Current Ratio of 1.06 means the company has $1.06 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Independence Contract Drilling Inc:

  • The MRQ is 1.062. The company is just able to pay all its short-term debts.
  • The TTM is 1.227. The company is just able to pay all its short-term debts.
Trends
Current periodCompared to+/- 
MRQ1.062TTM1.227-0.165
TTM1.227YOY1.057+0.170
TTM1.2275Y1.209+0.018
5Y1.20910Y1.436-0.228
Compared to industry (Oil & Gas Drilling)
PeriodCompanyIndustry (mean)+/- 
MRQ1.0621.356-0.294
TTM1.2271.539-0.312
YOY1.0571.474-0.417
5Y1.2091.610-0.401
10Y1.4361.857-0.421
1.3.2. Quick Ratio

Measures if Independence Contract Drilling Inc is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Independence Contract Drilling Inc to the Oil & Gas Drilling industry mean.
  • A Quick Ratio of 0.92 means the company can pay off $0.92 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Independence Contract Drilling Inc:

  • The MRQ is 0.918. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 1.094. The company is just able to pay all its short-term debts with the most liquid assets.
Trends
Current periodCompared to+/- 
MRQ0.918TTM1.094-0.176
TTM1.094YOY0.933+0.162
TTM1.0945Y0.988+0.106
5Y0.98810Y1.055-0.067
Compared to industry (Oil & Gas Drilling)
PeriodCompanyIndustry (mean)+/- 
MRQ0.9180.909+0.009
TTM1.0941.068+0.026
YOY0.9331.044-0.111
5Y0.9881.160-0.172
10Y1.0551.306-0.251

1.4. Solvency of Independence Contract Drilling Inc.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Independence Contract Drilling Inc assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Independence Contract Drilling Inc to Oil & Gas Drilling industry mean.
  • A Debt to Asset Ratio of 0.64 means that Independence Contract Drilling Inc assets are financed with 64.5% credit (debt) and the remaining percentage (100% - 64.5%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Independence Contract Drilling Inc:

  • The MRQ is 0.645. The company is able to pay all its debts by selling its assets. +1
  • The TTM is 0.534. The company is able to pay all its debts by selling its assets. +1
Trends
Current periodCompared to+/- 
MRQ0.645TTM0.534+0.111
TTM0.534YOY0.490+0.044
TTM0.5345Y0.437+0.097
5Y0.43710Y0.330+0.106
Compared to industry (Oil & Gas Drilling)
PeriodCompanyIndustry (mean)+/- 
MRQ0.6450.556+0.089
TTM0.5340.547-0.013
YOY0.4900.522-0.032
5Y0.4370.537-0.100
10Y0.3300.507-0.177
1.4.2. Debt to Equity Ratio

Measures if Independence Contract Drilling Inc is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Independence Contract Drilling Inc to the Oil & Gas Drilling industry mean.
  • A Debt to Equity ratio of 181.6% means that company has $1.82 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Independence Contract Drilling Inc:

  • The MRQ is 1.816. The company is just able to pay all its debts with equity.
  • The TTM is 1.194. The company is able to pay all its debts with equity. +1
Trends
Current periodCompared to+/- 
MRQ1.816TTM1.194+0.622
TTM1.194YOY0.963+0.231
TTM1.1945Y0.818+0.376
5Y0.81810Y0.560+0.258
Compared to industry (Oil & Gas Drilling)
PeriodCompanyIndustry (mean)+/- 
MRQ1.8161.252+0.564
TTM1.1941.1940.000
YOY0.9631.060-0.097
5Y0.8181.154-0.336
10Y0.5601.077-0.517

2. Market Valuation of Independence Contract Drilling Inc

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every $1 in earnings Independence Contract Drilling Inc generates.

  • Above 15 is considered overpriced but always compare Independence Contract Drilling Inc to the Oil & Gas Drilling industry mean.
  • A PE ratio of -0.36 means the investor is paying $-0.36 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Independence Contract Drilling Inc:

  • The EOD is -0.282. Based on the earnings, the company is expensive. -2
  • The MRQ is -0.360. Based on the earnings, the company is expensive. -2
  • The TTM is 258.125. Based on the earnings, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-0.282MRQ-0.360+0.078
MRQ-0.360TTM258.125-258.485
TTM258.125YOY-0.889+259.014
TTM258.1255Y50.802+207.323
5Y50.80210Y21.559+29.243
Compared to industry (Oil & Gas Drilling)
PeriodCompanyIndustry (mean)+/- 
EOD-0.2823.546-3.828
MRQ-0.3603.108-3.468
TTM258.1259.440+248.685
YOY-0.889-0.124-0.765
5Y50.8024.906+45.896
10Y21.5592.295+19.264
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Independence Contract Drilling Inc:

  • The EOD is 2.122. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The MRQ is 2.707. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The TTM is 0.591. Based on how much money comes from the company's main activities, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD2.122MRQ2.707-0.586
MRQ2.707TTM0.591+2.116
TTM0.591YOY-0.900+1.491
TTM0.5915Y-3.766+4.357
5Y-3.76610Y-2.863-0.902
Compared to industry (Oil & Gas Drilling)
PeriodCompanyIndustry (mean)+/- 
EOD2.1222.917-0.795
MRQ2.7072.958-0.251
TTM0.5911.048-0.457
YOY-0.900-3.767+2.867
5Y-3.7660.374-4.140
10Y-2.863-0.517-2.346
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Independence Contract Drilling Inc is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Oil & Gas Drilling industry mean).
  • A PB ratio of 0.21 means the investor is paying $0.21 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Independence Contract Drilling Inc:

  • The EOD is 0.161. Based on the equity, the company is cheap. +2
  • The MRQ is 0.206. Based on the equity, the company is cheap. +2
  • The TTM is 0.214. Based on the equity, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD0.161MRQ0.206-0.045
MRQ0.206TTM0.214-0.008
TTM0.214YOY0.248-0.035
TTM0.2145Y0.183+0.031
5Y0.18310Y0.243-0.060
Compared to industry (Oil & Gas Drilling)
PeriodCompanyIndustry (mean)+/- 
EOD0.1611.028-0.867
MRQ0.2061.182-0.976
TTM0.2141.389-1.175
YOY0.2481.370-1.122
5Y0.1830.956-0.773
10Y0.2431.081-0.838
2. Total Gains per Share

3. Holders & Insider Transactions

Let's take a look at which institutions, funds and insiders are holding shares of Independence Contract Drilling Inc.

3.1. Institutions holding Independence Contract Drilling Inc

Institutions are holding 38.527% of the shares of Independence Contract Drilling Inc.

DateNameTotal SharesTotal AssetsCurrent SharesChange%
2023-09-30MSD Partners, L.P.12.07680.4118170100000
2023-09-30Tejara Capital Ltd3.12350.74814399447902921.8968
2023-12-31Fairfax Financial Holdings Ltd2.7710.065139029400
2023-09-30Vanguard Group Inc2.680103774825784818.0982
2023-09-30CastleKnight Management LP2.48410.068934987513791665.0673
2023-12-31Dimensional Fund Advisors, Inc.1.23980.000117462900
2023-09-30Ancora Advisors LLC0.7630.008610746800
2023-09-30Geode Capital Management, LLC0.7292010270485199.045
2023-09-30Bridgeway Capital Management, LLC0.52810.00547438000
2023-12-31Renaissance Technologies Corp0.51690.000372800-1178-1.5924
2023-09-30Citadel Advisors Llc0.47580670142819172.6142
2023-09-30BlackRock Inc0.46760658581624632.7461
2023-12-31E & G Advisors LP0.38790.04745463700
2023-09-30Susquehanna International Group, LLP0.35020493261670851.2233
2023-09-30Millennium Management LLC0.24520.000134532345320
2023-09-30State Street Corporation0.224203158300
2023-09-30Squarepoint Ops LLC0.19150.000226976269760
2023-09-30Bank of New York Mellon Corp0.17023943-654-2.6589
2023-09-30Acadian Asset Management LLC0.13270.000218695186950
2023-09-30Northern Trust Corp0.123101733400
Total 29.68071.35624180474+422828+10.1%

3.2. Funds holding Independence Contract Drilling Inc

DateNameTotal SharesTotal AssetsCurrent SharesChange%
2024-01-31Vanguard Total Stock Mkt Idx Inv2.042702877146260027.8081
2024-01-31Vanguard Institutional Extnd Mkt Idx Tr1.08530.000315286800
2023-12-31Ancora Micro Cap0.56760.459779941-325-0.4049
2023-12-31Fidelity Extended Market Index0.46250.000465137-164-0.2511
2024-01-31Dimensional US Targeted Value ETF0.42570.00145995800
2023-09-30Bridgeway Ultra-Small Company Market0.39050.09825500000
2023-12-31Ancora MicroCap I0.23520.46153312100
2023-12-31DFA US Targeted Value I0.19030.00052681000
2024-01-31iShares Micro-Cap ETF0.17780.00612503900
2023-12-31DFA US Small Cap I0.16550.00042331100
2023-09-30Bridgeway Ultra-Small Company0.13760.07941938000
2024-01-31Dimensional US Small Cap ETF0.13120.00061848200
2023-12-31Fidelity Total Market Index0.12270.00011728300
2023-12-31DFA US Micro Cap I0.11890.00061674900
2023-12-31Fidelity Series Total Market Index0.08980.00011265300
2024-01-31Schwab Total Stock Market Index0.05180.0001730100
2023-12-31NT Ext Equity Mkt Idx Fd - NL0.04540.0003640000
2023-12-31NT Ext Equity Mkt Idx Fd - DC - NL - T20.03650.00035140100.1949
2023-12-31Dimensional Global Core Equity USD Acc0.03390.0002477000
2024-01-31Vanguard U.S. Eq Idx £ Acc0.03120.0001440000
Total 6.54211.1103921457+62121+6.7%

3.3. Insider Transactions

Insiders are holding 12.983% of the shares of Independence Contract Drilling Inc.

DateOwnerTypeAmountPricePost Transaction AmountLink
2022-12-21Msd Capital L PSELL571772.96
2022-12-21Msd Partners, L.p.SELL2414962.96
2022-12-19Msd Capital L PSELL150603.02
2022-12-19Msd Partners, L.p.SELL636073.02
2022-12-13Msd Capital L PSELL18493.2
2022-12-13Msd Partners, L.p.SELL78103.2
2022-11-04William MonroeSELL900003.73
2022-10-26William MonroeSELL575003.81
2022-10-17William MonroeSELL352413.09
2022-10-07William MonroeSELL1050003.46
2022-09-26Daniel F McneaseBUY84502.81
2022-09-12William MonroeSELL450003.18
2022-09-09William MonroeSELL1050003.1
2022-08-29William MonroeSELL200003.56
2022-08-25William MonroeSELL550003.61
2022-08-23William MonroeSELL775003.49
2022-08-11William MonroeSELL225003.52
2022-02-07William MonroeBUY300003.1
2022-02-04William MonroeBUY700003.2
2022-01-24William MonroeBUY1800003.2

4. Summary

4.1. Key Performance Indicators

The key performance indicators of Independence Contract Drilling Inc compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share---1.629-0.543-67%0.319-611%-0.688-58%0.060-2811%
Book Value Per Share--11.89413.370-11%13.697-13%16.791-29%16.278-27%
Current Ratio--1.0621.227-13%1.057+0%1.209-12%1.436-26%
Debt To Asset Ratio--0.6450.534+21%0.490+32%0.437+48%0.330+95%
Debt To Equity Ratio--1.8161.194+52%0.963+89%0.818+122%0.560+224%
Dividend Per Share----0%-0%0.035-100%0.018-100%
Eps---1.700-0.617-64%-0.307-82%-0.919-46%-0.633-63%
Free Cash Flow Per Share--0.2260.334-32%-0.237+205%-0.146+164%-0.419+285%
Free Cash Flow To Equity Per Share---0.117-0.069-41%-0.058-50%-0.108-7%-0.072-38%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max--39.587--------
Intrinsic Value_10Y_min--3.710--------
Intrinsic Value_1Y_max--0.199--------
Intrinsic Value_1Y_min---1.338--------
Intrinsic Value_3Y_max--3.470--------
Intrinsic Value_3Y_min---2.563--------
Intrinsic Value_5Y_max--10.203--------
Intrinsic Value_5Y_min---2.182--------
Market Cap29312256.000-28%37403660.00043663048.000-14%51639951.000-28%42576662.512-12%58741608.356-36%
Net Profit Margin---0.566-0.203-64%-0.126-78%-0.580+2%-0.407-28%
Operating Margin---0.065-0.016-75%-0.079+22%-0.335+418%-0.247+282%
Operating Ratio--1.0650.958+11%1.031+3%1.241-14%1.166-9%
Pb Ratio0.161-28%0.2060.214-4%0.248-17%0.183+13%0.243-15%
Pe Ratio-0.282+22%-0.360258.125-100%-0.889+147%50.802-101%21.559-102%
Price Per Share1.920-28%2.4502.860-14%3.383-28%2.789-12%3.848-36%
Price To Free Cash Flow Ratio2.122-28%2.7070.591+358%-0.900+133%-3.766+239%-2.863+206%
Price To Total Gains Ratio-1.178+22%-1.5047.097-121%28.829-105%2.960-151%10.666-114%
Quick Ratio--0.9181.094-16%0.933-2%0.988-7%1.055-13%
Return On Assets---0.051-0.020-61%-0.012-77%-0.031-38%-0.024-53%
Return On Equity---0.143-0.050-65%-0.023-84%-0.057-60%-0.039-73%
Total Gains Per Share---1.629-0.543-67%0.319-611%-0.653-60%0.078-2197%
Usd Book Value--181579000.000204120750.000-11%209116500.000-13%256348300.000-29%248512350.000-27%
Usd Book Value Change Per Share---1.629-0.543-67%0.319-611%-0.688-58%0.060-2811%
Usd Book Value Per Share--11.89413.370-11%13.697-13%16.791-29%16.278-27%
Usd Dividend Per Share----0%-0%0.035-100%0.018-100%
Usd Eps---1.700-0.617-64%-0.307-82%-0.919-46%-0.633-63%
Usd Free Cash Flow--3454001.0005091750.250-32%-3617500.000+205%-2221899.950+164%-6403299.975+285%
Usd Free Cash Flow Per Share--0.2260.334-32%-0.237+205%-0.146+164%-0.419+285%
Usd Free Cash Flow To Equity Per Share---0.117-0.069-41%-0.058-50%-0.108-7%-0.072-38%
Usd Market Cap29312256.000-28%37403660.00043663048.000-14%51639951.000-28%42576662.512-12%58741608.356-36%
Usd Price Per Share1.920-28%2.4502.860-14%3.383-28%2.789-12%3.848-36%
Usd Profit---25950000.000-9424250.000-64%-4683500.000-82%-14028450.000-46%-9577150.000-63%
Usd Revenue--45830000.00052526500.000-13%46677500.000-2%38589550.000+19%30830850.000+49%
Usd Total Gains Per Share---1.629-0.543-67%0.319-611%-0.653-60%0.078-2197%
 EOD+4 -4MRQTTM+3 -30YOY+7 -265Y+9 -2610Y+9 -26

4.2. Fundamental Score

Let's check the fundamental score of Independence Contract Drilling Inc based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-15-0.282
Price to Book Ratio (EOD)Between0-10.161
Net Profit Margin (MRQ)Greater than0-0.566
Operating Margin (MRQ)Greater than0-0.065
Quick Ratio (MRQ)Greater than10.918
Current Ratio (MRQ)Greater than11.062
Debt to Asset Ratio (MRQ)Less than10.645
Debt to Equity Ratio (MRQ)Less than11.816
Return on Equity (MRQ)Greater than0.15-0.143
Return on Assets (MRQ)Greater than0.05-0.051
Total3/10 (30.0%)

4.3. Technical Score

Let's check the technical score of Independence Contract Drilling Inc based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5057.822
Ma 20Greater thanMa 501.744
Ma 50Greater thanMa 1001.903
Ma 100Greater thanMa 2002.140
OpenGreater thanClose2.000
Total2/5 (40.0%)



Reversals in quarterly reports

I have detected a reversal (positive to negative, negative to positive) in the following values of the quarterly reports.

 2022-12-312023-03-312023-06-302023-09-302023-12-31
Long-term Assets Other  -107,57197,707-9,8641,490-8,374704-7,6708,8401,170



Latest Balance Sheet

Balance Sheet of 2023-12-31. Currency in USD. All numbers in thousands.

Summary
Total Assets511,240
Total Liabilities329,661
Total Stockholder Equity181,579
 As reported
Total Liabilities 329,661
Total Stockholder Equity+ 181,579
Total Assets = 511,240

Assets

Total Assets511,240
Total Current Assets43,109
Long-term Assets468,131
Total Current Assets
Cash And Cash Equivalents 5,565
Net Receivables 31,695
Inventory 1,557
Other Current Assets 4,292
Total Current Assets  (as reported)43,109
Total Current Assets  (calculated)43,109
+/-0
Long-term Assets
Property Plant Equipment 350,398
Long-term Assets Other 1,170
Long-term Assets  (as reported)468,131
Long-term Assets  (calculated)351,568
+/- 116,563

Liabilities & Shareholders' Equity

Total Current Liabilities40,587
Long-term Liabilities289,074
Total Stockholder Equity181,579
Total Current Liabilities
Short-term Debt 2,160
Accounts payable 22,990
Other Current Liabilities 14,859
Total Current Liabilities  (as reported)40,587
Total Current Liabilities  (calculated)40,009
+/- 578
Long-term Liabilities
Long term Debt 152,890
Capital Lease Obligations 3,819
Long-term Liabilities Other 8,201
Long-term Liabilities  (as reported)289,074
Long-term Liabilities  (calculated)164,910
+/- 124,164
Total Stockholder Equity
Common Stock144
Retained Earnings -436,794
Other Stockholders Equity 618,229
Total Stockholder Equity (as reported)181,579
Total Stockholder Equity (calculated)181,579
+/-0
Other
Capital Stock144
Cash and Short Term Investments 5,565
Common Stock Shares Outstanding 14,072
Current Deferred Revenue578
Liabilities and Stockholders Equity 511,240
Net Debt 152,519
Net Invested Capital 334,469
Net Working Capital 2,989
Property Plant and Equipment Gross 625,416
Short Long Term Debt Total 158,084



Balance Sheet

Currency in USD. All numbers in thousands.

 Trend2023-12-312023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-312018-09-302018-06-302018-03-312017-12-312017-09-302017-06-302017-03-312016-12-312016-09-302016-06-302016-03-312015-12-312015-09-302015-06-302015-03-312014-12-312014-09-302014-06-302014-03-312013-12-312013-09-302013-06-302013-03-312012-12-31
> Total Assets 
167,436
0
0
0
184,968
202,346
234,226
286,447
289,547
311,636
317,997
317,841
314,789
310,759
300,984
305,129
302,107
305,449
303,533
304,313
304,645
302,125
311,435
317,607
584,862
576,907
558,613
538,545
517,001
487,903
469,325
455,717
413,209
398,298
395,725
392,669
397,104
400,384
396,549
413,225
429,714
435,059
420,236
406,111
511,240
511,240406,111420,236435,059429,714413,225396,549400,384397,104392,669395,725398,298413,209455,717469,325487,903517,001538,545558,613576,907584,862317,607311,435302,125304,645304,313303,533305,449302,107305,129300,984310,759314,789317,841317,997311,636289,547286,447234,226202,346184,968000167,436
   > Total Current Assets 
0
0
0
0
21,157
27,347
26,552
54,187
36,300
35,132
32,869
27,970
29,337
27,736
19,524
22,457
27,892
30,026
30,943
30,807
30,893
26,843
31,037
37,866
85,568
82,460
65,700
50,151
56,745
47,644
37,344
34,716
27,442
21,278
23,986
25,133
32,309
39,423
37,897
45,906
51,670
53,967
44,489
36,649
43,109
43,10936,64944,48953,96751,67045,90637,89739,42332,30925,13323,98621,27827,44234,71637,34447,64456,74550,15165,70082,46085,56837,86631,03726,84330,89330,80730,94330,02627,89222,45719,52427,73629,33727,97032,86935,13236,30054,18726,55227,34721,1570000
       Cash And Cash Equivalents 
37,407
0
0
0
2,730
3,111
2,873
13,173
10,757
11,043
12,254
5,388
5,344
7,410
7,086
7,912
7,071
7,288
5,465
2,652
2,533
2,503
2,554
2,965
12,247
12,549
10,278
9,146
5,206
9,753
17,396
18,813
12,279
5,440
6,032
4,302
4,140
9,342
7,294
7,566
5,326
6,715
5,584
6,044
5,565
5,5656,0445,5846,7155,3267,5667,2949,3424,1404,3026,0325,44012,27918,81317,3969,7535,2069,14610,27812,54912,2472,9652,5542,5032,5332,6525,4657,2887,0717,9127,0867,4105,3445,38812,25411,04310,75713,1732,8733,1112,73000037,407
       Net Receivables 
0
0
0
0
9,089
10,807
10,134
12,622
19,127
17,999
13,418
15,328
18,240
14,433
6,872
8,965
11,468
12,275
12,946
15,811
18,056
16,244
19,702
23,728
41,987
42,137
35,862
32,765
35,834
26,893
14,088
9,316
10,023
10,340
14,210
16,939
22,211
24,231
27,011
33,967
39,775
41,838
34,510
26,874
31,695
31,69526,87434,51041,83839,77533,96727,01124,23122,21116,93914,21010,34010,0239,31614,08826,89335,83432,76535,86242,13741,98723,72819,70216,24418,05615,81112,94612,27511,4688,9656,87214,43318,24015,32813,41817,99919,12712,62210,13410,8079,0890000
       Inventory 
889
0
0
0
1,128
1,274
1,826
1,871
2,124
2,191
2,292
2,396
2,317
2,408
2,491
2,537
2,336
2,458
2,407
2,627
2,710
2,795
2,875
3,087
2,693
2,738
2,443
2,618
2,325
1,181
1,170
1,162
1,038
1,071
1,077
1,078
1,171
1,301
1,377
1,433
1,508
1,543
1,663
1,877
1,557
1,5571,8771,6631,5431,5081,4331,3771,3011,1711,0781,0771,0711,0381,1621,1701,1812,3252,6182,4432,7382,6933,0872,8752,7952,7102,6272,4072,4582,3362,5372,4912,4082,3172,3962,2922,1912,1241,8711,8261,2741,128000889
   > Long-term Assets 
0
0
0
0
163,811
174,999
207,674
232,260
253,247
276,504
285,128
289,871
285,452
283,023
281,460
282,672
274,215
275,423
272,590
273,506
273,752
275,282
280,398
279,741
499,294
494,447
492,913
488,394
460,256
440,259
431,981
421,001
385,767
377,020
371,739
367,536
364,795
360,961
358,652
367,319
378,044
381,092
375,747
369,462
468,131
468,131369,462375,747381,092378,044367,319358,652360,961364,795367,536371,739377,020385,767421,001431,981440,259460,256488,394492,913494,447499,294279,741280,398275,282273,752273,506272,590275,423274,215282,672281,460283,023285,452289,871285,128276,504253,247232,260207,674174,999163,8110000
       Property Plant Equipment 
83,476
0
0
0
129,488
140,275
173,808
199,248
250,498
273,924
282,667
287,271
283,378
281,202
280,121
281,494
273,188
274,553
271,725
272,003
272,388
274,046
279,082
277,978
496,197
488,472
489,074
485,869
457,530
437,505
429,317
418,557
382,239
373,749
368,733
364,813
362,346
358,760
356,537
365,160
376,084
378,703
372,226
366,263
350,398
350,398366,263372,226378,703376,084365,160356,537358,760362,346364,813368,733373,749382,239418,557429,317437,505457,530485,869489,074488,472496,197277,978279,082274,046272,388272,003271,725274,553273,188281,494280,121281,202283,378287,271282,667273,924250,498199,248173,808140,275129,48800083,476
       Goodwill 
11,007
0
0
0
11,007
11,007
11,007
11,007
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,627
1,627
1,627
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0000000000000000001,6271,6271,627000000000000000011,00711,00711,00711,00700011,007
       Intangible Assets 
36,102
0
0
0
22,357
21,673
20,988
20,304
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
000000000000000000000000000000000000020,30420,98821,67322,35700036,102
       Long-term Assets Other 
0
0
0
0
959
2,044
1,871
1,701
2,749
2,580
2,461
2,378
2,074
1,624
1,110
917
1,027
428
389
997
1,364
602
703
1,200
1,470
2,582
2,212
1,161
2,726
2,144
2,065
1,876
3,528
2,732
2,434
2,132
2,449
-16,109
-18,110
-17,232
-107,571
-9,864
-8,374
-7,670
1,170
1,170-7,670-8,374-9,864-107,571-17,232-18,110-16,1092,4492,1322,4342,7323,5281,8762,0652,1442,7261,1612,2122,5821,4701,2007036021,3649973894281,0279171,1101,6242,0742,3782,4612,5802,7491,7011,8712,0449590000
       Deferred Long Term Asset Charges 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,766
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
00000000000000000001,7660000000000000000000000000
> Total Liabilities 
22,736
0
0
0
40,096
60,625
90,267
26,469
52,811
72,371
78,381
80,874
82,052
77,281
27,759
38,351
44,855
53,933
57,164
63,593
69,163
70,590
82,495
91,886
193,329
187,537
181,685
171,910
185,405
184,052
168,555
165,996
166,176
165,452
174,779
173,577
201,875
204,582
180,569
203,253
215,002
219,380
207,467
199,655
329,661
329,661199,655207,467219,380215,002203,253180,569204,582201,875173,577174,779165,452166,176165,996168,555184,052185,405171,910181,685187,537193,32991,88682,49570,59069,16363,59357,16453,93344,85538,35127,75977,28182,05280,87478,38172,37152,81126,46990,26760,62540,09600022,736
   > Total Current Liabilities 
12,539
0
0
0
13,534
17,634
21,873
22,027
29,371
35,652
16,271
19,357
18,790
13,706
10,720
14,628
18,293
16,383
17,160
15,352
19,129
16,029
22,272
22,060
46,118
38,174
50,774
40,755
48,563
36,953
23,443
17,174
22,432
26,402
37,649
32,650
38,287
33,412
36,273
45,445
52,039
42,574
32,061
30,808
40,587
40,58730,80832,06142,57452,03945,44536,27333,41238,28732,65037,64926,40222,43217,17423,44336,95348,56340,75550,77438,17446,11822,06022,27216,02919,12915,35217,16016,38318,29314,62810,72013,70618,79019,35716,27135,65229,37122,02721,87317,63413,53400012,539
       Short-term Debt 
0
0
0
0
0
0
0
0
22,519
0
0
0
62,708
366
373
439
441
516
468
510
533
511
541
575
587
1,385
1,582
1,438
3,685
3,813
8,352
3,712
7,637
13,001
14,476
3,710
4,500
3,902
3,958
4,031
2,485
2,071
2,932
1,405
2,160
2,1601,4052,9322,0712,4854,0313,9583,9024,5003,71014,47613,0017,6373,7128,3523,8133,6851,4381,5821,38558757554151153351046851644143937336662,70800022,51900000000
       Short Long Term Debt 
0
0
0
0
0
0
0
0
22,519
0
0
0
62,708
0
373
439
26,519
516
39,995
48,140
49,811
54,397
60,031
0
0
905
1,161
1,012
3,685
3,268
4,398
0
7,637
8,571
10,000
3,710
-36
2
0
0
0
0
0
0
0
00000002-363,71010,0008,5717,63704,3983,2683,6851,0121,1619050060,03154,39749,81148,14039,99551626,519439373062,70800022,51900000000
       Accounts payable 
10,121
0
0
0
9,061
12,479
16,483
15,668
21,993
30,013
7,988
10,460
8,584
5,562
3,886
7,975
10,031
10,595
10,825
8,365
11,627
10,500
14,661
12,573
16,312
16,174
19,606
19,313
22,674
14,981
5,331
3,595
4,072
4,837
10,245
13,265
15,304
18,829
17,065
28,859
31,946
26,954
18,301
17,275
22,990
22,99017,27518,30126,95431,94628,85917,06518,82915,30413,26510,2454,8374,0723,5955,33114,98122,67419,31319,60616,17416,31212,57314,66110,50011,6278,36510,82510,59510,0317,9753,8865,5628,58410,4607,98830,01321,99315,66816,48312,4799,06100010,121
       Other Current Liabilities 
2,418
0
0
0
3,789
4,759
4,425
5,185
6,097
5,639
6,826
7,555
5,615
3,331
5,063
5,128
6,682
4,206
4,619
5,098
6,207
4,683
6,645
7,645
27,845
19,494
28,856
19,749
21,503
17,654
584
9,655
10,604
8,356
12,432
15,184
17,941
8,980
15,000
11,328
16,605
12,181
9,739
11,694
14,859
14,85911,6949,73912,18116,60511,32815,0008,98017,94115,18412,4328,35610,6049,65558417,65421,50319,74928,85619,49427,8457,6456,6454,6836,2075,0984,6194,2066,6825,1285,0633,3315,6157,5556,8265,6396,0975,1854,4254,7593,7890002,418
   > Long-term Liabilities 
0
0
0
0
26,562
42,991
68,394
4,442
23,440
36,719
62,110
61,517
63,262
63,575
17,039
23,723
26,562
37,550
40,004
48,241
50,034
54,561
60,223
69,826
147,211
149,363
130,911
131,155
136,842
147,099
145,112
148,822
143,744
139,050
137,130
140,927
163,588
171,170
144,296
157,808
162,963
176,806
175,406
168,847
289,074
289,074168,847175,406176,806162,963157,808144,296171,170163,588140,927137,130139,050143,744148,822145,112147,099136,842131,155130,911149,363147,21169,82660,22354,56150,03448,24140,00437,55026,56223,72317,03963,57563,26261,51762,11036,71923,4404,44268,39442,99126,5620000
       Long term Debt Total 
0
0
0
0
0
0
64,210
0
22,519
35,940
61,361
60,464
62,708
63,145
16,700
23,362
26,078
37,100
39,527
47,630
49,278
53,886
59,490
68,631
130,012
132,610
128,654
128,560
134,941
145,291
139,571
143,440
137,633
132,954
133,825
137,526
141,740
120,099
122,094
136,756
143,223
163,901
155,235
156,336
0
0156,336155,235163,901143,223136,756122,094120,099141,740137,526133,825132,954137,633143,440139,571145,291134,941128,560128,654132,610130,01268,63159,49053,88649,27847,63039,52737,10026,07823,36216,70063,14562,70860,46461,36135,94022,519064,210000000
       Capital Lease Obligations Min Short Term Debt
0
0
0
0
0
0
0
0
-22,519
0
0
0
-62,708
-366
-373
-439
-441
-516
-468
-510
-533
-511
-541
-575
-587
-905
-1,161
-1,012
-3,210
-3,268
2,717
6,343
1,248
-4,631
-6,840
3,085
1,300
1,298
1,559
1,745
1,600
1,300
1,757
1,514
1,659
1,6591,5141,7571,3001,6001,7451,5591,2981,3003,085-6,840-4,6311,2486,3432,717-3,268-3,210-1,012-1,161-905-587-575-541-511-533-510-468-516-441-439-373-366-62,708000-22,51900000000
       Deferred Long Term Asset Charges 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,766
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
00000000000000000001,7660000000000000000000000000
       Long-term Liabilities Other 
0
0
0
0
0
0
0
0
598
415
347
702
361
233
149
100
88
30
1
105
73
41
120
632
16,425
16,753
1,125
1,231
1,249
1,198
4,942
4,814
5,606
2,655
2,733
2,810
2,811
1,894
1,977
1,661
7,474
652
8,276
1,642
8,201
8,2011,6428,2766527,4741,6611,9771,8942,8112,8102,7332,6555,6064,8144,9421,1981,2491,2311,12516,75316,42563212041731051308810014923336170234741559800000000
       Deferred Long Term Liability 
0
0
0
0
0
0
4,184
4,442
323
364
402
351
193
197
229
261
396
442
476
506
683
634
613
563
774
0
1,132
1,364
652
610
599
568
505
0
572
0
0
0
0
0
12,266
12,253
11,895
0
0
0011,89512,25312,2660000057205055685996106521,3641,13207745636136346835064764423962612291971933514023643234,4424,184000000
> Total Stockholder Equity
144,700
0
0
0
144,872
141,721
143,959
259,978
236,736
239,265
239,616
236,967
232,737
233,478
273,225
266,778
257,252
251,516
246,369
240,720
235,482
231,535
228,940
225,721
391,533
389,370
376,928
366,635
331,596
303,851
300,770
289,721
247,033
232,846
220,946
219,092
195,229
195,802
215,980
209,972
214,712
215,679
212,769
206,456
181,579
181,579206,456212,769215,679214,712209,972215,980195,802195,229219,092220,946232,846247,033289,721300,770303,851331,596366,635376,928389,370391,533225,721228,940231,535235,482240,720246,369251,516257,252266,778273,225233,478232,737236,967239,616239,265236,736259,978143,959141,721144,872000144,700
   Common Stock
123
0
0
0
124
124
124
246
246
246
245
244
244
244
376
376
376
378
378
380
380
383
383
383
771
771
769
767
762
38
50
62
62
65
72
80
102
136
136
136
136
141
141
141
144
14414114114113613613613610280726562625038762767769771771383383383380380378378376376376244244244245246246246124124124000123
   Retained Earnings Total Equity00-403,246-399,085-399,09700000-297,990-283,089-267,064-223,968-208,769-198,649-170,426-135,416-124,869-112,011-109,638-101,041-97,104-93,791-89,645-83,900-77,920-71,616-65,347-54,972-47,774-43,583-43,169-37,943-34,566-33,914-35,289-10,683-9,270000000
   Accumulated Other Comprehensive Income 000000000000000-153,426-153,42600-113,467-113,467000-85,061000-62,249000-41,04800-21,870-21,870000-9,4710000
   Capital Surplus 
0
0
0
0
0
0
153,851
271,386
272,750
273,904
274,908
275,876
276,948
278,103
322,092
323,005
323,918
324,473
325,630
326,097
326,616
327,162
327,880
328,598
503,446
503,656
504,074
504,656
505,107
506,375
513,402
517,540
517,948
519,783
522,777
525,217
532,826
545,575
615,130
616,316
617,606
618,556
619,807
621,092
0
0621,092619,807618,556617,606616,316615,130545,575532,826525,217522,777519,783517,948517,540513,402506,375505,107504,656504,074503,656503,446328,598327,880327,162326,616326,097325,630324,473323,918323,005322,092278,103276,948275,876274,908273,904272,750271,386153,851000000
   Treasury Stock00000000-3,923-3,913-3,913-3,913-3,913-3,913-3,913-3,913-3,847-3,372-3,046-3,046-3,046-2,219-2,219-2,219-1,869-1,857-1,719-1,719-1,695-1,631-1,469-1,286-1,286-1,210-971-971-971-971-746-746-746000-746
   Other Stockholders Equity 
0
0
0
0
151,869
152,423
153,105
270,415
271,779
272,933
273,937
274,666
275,662
276,817
320,623
321,374
322,223
322,754
323,911
324,240
324,747
324,943
325,661
326,379
500,400
500,610
501,028
501,284
501,260
502,462
509,489
513,627
514,035
515,870
518,864
521,304
528,903
541,652
611,207
612,393
613,673
614,623
615,874
617,159
618,229
618,229617,159615,874614,623613,673612,393611,207541,652528,903521,304518,864515,870514,035513,627509,489502,462501,260501,284501,028500,610500,400326,379325,661324,943324,747324,240323,911322,754322,223321,374320,623276,817275,662274,666273,937272,933271,779270,415153,105152,423151,8690000



Balance Sheet

Currency in USD. All numbers in thousands.




Cash Flow

Currency in USD. All numbers in thousands.




Income Statement

Currency in USD. All numbers in thousands.


Latest Income Statement (annual, 2023-12-31)

Gross Profit (+$)
totalRevenue210,106
Cost of Revenue-173,796
Gross Profit36,31036,310
 
Operating Income (+$)
Gross Profit36,310
Operating Expense-25,084
Operating Income11,22611,226
 
Operating Expense (+$)
Research Development0
Selling General Administrative26,529
Selling And Marketing Expenses0
Operating Expense25,08426,529
 
Net Interest Income (+$)
Interest Income0
Interest Expense-35,955
Other Finance Cost-1,193
Net Interest Income-34,762
 
Pretax Income (+$)
Operating Income11,226
Net Interest Income-34,762
Other Non-Operating Income Expenses0
Income Before Tax (EBT)-39,67262,124
EBIT - interestExpense = -24,729
-39,672
-1,742
Interest Expense35,955
Earnings Before Interest and Taxes (EBIT)11,226-3,717
Earnings Before Interest and Taxes (EBITDA)54,769
 
After tax Income (+$)
Income Before Tax-39,672
Tax Provision--8,023
Net Income From Continuing Ops-8,285-31,649
Net Income-37,697
Net Income Applicable To Common Shares0
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses198,880
Total Other Income/Expenses Net-50,89834,762
 

Technical Analysis of Independence Contract Drilling Inc
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Independence Contract Drilling Inc. The general trend of Independence Contract Drilling Inc is BEARISH with 57.1% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Independence Contract Drilling Inc's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (-57.1%) Bearish trend (57.1%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of Independence Contract Drilling Inc.

The long score for the Support & Resistance is 0/1.
The longshort score for the Support & Resistance is -1/(-1 +1).

  • Around resistance: The price is trading arround resistance levels. This can be considered as a potential exit level. -1

The bullish price targets are: 2.05 < 2.05 < 2.05.

The bearish price targets are: 1.85 > 1.61.

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Independence Contract Drilling Inc Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Independence Contract Drilling Inc. The current mas is .

The long score for the Moving Averages is 3/14.
The longshort score for the Moving Averages is -8/(-14 +14).

  • MA 20 trending up: The MA 20 is trending up. +1
  • Close > MA 20: The price is above the MA 20. +1
  • MA 20 < MA 50: The MA 20 is lower than the MA 50. -1
  • MA 20 < MA 100: The MA 20 is lower than the MA 100. -1
  • MA 20 < MA 200: The MA 20 is lower than the MA 200. -1
  • MA 50 trending down: The MA 50 is trending down. -1
  • Close > MA 50: The price is above the MA 50. +1
  • MA 50 < MA 100: The MA 50 is lower than the MA 100. -1
  • MA 50 < MA 200: The MA 50 is lower than the MA 200. -1
  • MA 100 trending down: The MA 100 is trending down. -1
  • Close < MA 100: The price is below the MA 100. -1
  • MA 100 < MA 200: The MA 100 is lower than the MA 200. -1
  • MA 200 trending down: The MA 200 is trending down. -1
  • Close < MA 200: The price is below the MA 200. -1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Independence Contract Drilling Inc Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Independence Contract Drilling Inc. The current macd is -0.01780046.

The long score for the Moving Average Convergence/Divergence (MACD) is 3/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 2/(-4 +4).

  • MACD line > signal line: The MACD line is above the signal line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Independence Contract Drilling Inc price going up in the near term. +2
  • MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for Independence Contract Drilling Inc. This means that the short-term moving average is lower than the long-term moving average, signaling negative momentum and suggesting a higher likelihood of the Independence Contract Drilling Inc price continuing to fall in the near future. It indicates that sellers are gaining control, and there is negativism in the market, leading to potential price decreases. -1
  • Trending up: The MACD line is trending up. This indicates that the short-term moving average is rising faster than the long-term moving average, suggesting positive momentum in the market. This signals that buyers are becoming more active and confident, leading to potential price increases as traders anticipate further gains and are willing to buy at higher prices. +1
Independence Contract Drilling Inc Daily Moving Average Convergence/Divergence (MACD) ChartIndependence Contract Drilling Inc Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of Independence Contract Drilling Inc. The current adx is 28.46.

The long score for the Directional Movement Index (DMI) is 4/7.
The longshort score for the Directional Movement Index (DMI) is 4/(-7 +7).

  • PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy Independence Contract Drilling Inc shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX > 25 && ADX trending up: The ADX is above 25 and indicates a strong bullish trend. The ADX is trending up, so the bullish trend is strengthening.
Independence Contract Drilling Inc Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Independence Contract Drilling Inc. The current sar is 1.64999562.

The long score for the Parabolic SAR is 1/1.
The longshort score for the Parabolic SAR is 1/(-1 +1).

  • Close > SAR: The price is above the SAR. It's generally considered a bullish signal. +1
Independence Contract Drilling Inc Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum indicator, meaning the signals are instant.
  • Ranges between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Independence Contract Drilling Inc. The current rsi is 57.82. The current phase is Correction in bear market.

The long score for the Relative Strength Index (RSI) is 3/13.
The longshort score for the Relative Strength Index (RSI) is 2/(-13 +13).

  • Correction in bear market: Extended price decline in a downtrend, significant pullback. Consider reducing exposure, wait for signs of trend reversal.
  • Trending down: The RSI is trending down. -1
Independence Contract Drilling Inc Daily Relative Strength Index (RSI) ChartIndependence Contract Drilling Inc Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Independence Contract Drilling Inc. The current phase is Correction in bear market.

The long score for the Stochastic Oscillator is 1/6.
The longshort score for the Stochastic Oscillator is -2/(-6 +6).

  • STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
  • STOCH %K line < STOCH %D line: The STOCH %K line is below the STOCH %D line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Independence Contract Drilling Inc price going down in the near term. -2
  • Trending down: The STOCH %K is trending down. -1
Independence Contract Drilling Inc Daily Stochastic Oscillator ChartIndependence Contract Drilling Inc Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero, the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Independence Contract Drilling Inc. The current cci is 237.18.

The long score for the Commodity Channel Index (CCI) is 1/1.
The longshort score for the Commodity Channel Index (CCI) is 1/(-1 +1).

  • CCI > 100: The CCI is above 100, it indicates that the price is significantly above its average, suggesting a potential overbought condition. +1
Independence Contract Drilling Inc Daily Commodity Channel Index (CCI) ChartIndependence Contract Drilling Inc Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Independence Contract Drilling Inc. The current cmo is 29.75.

The long score for the Chande Momentum Oscillator (CMO) is 1/1.
The longshort score for the Chande Momentum Oscillator (CMO) is 1/(-1 +1).

  • CMO > 0: The CMO is above 0, the momentum of the price is positive, indicating a potential uptrend in the price. +1
Independence Contract Drilling Inc Daily Chande Momentum Oscillator (CMO) ChartIndependence Contract Drilling Inc Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of Independence Contract Drilling Inc. The current willr is -41.50943396.

The long score for the Williams %R is 0/1.
The longshort score for the Williams %R is 0/(-1 +1).

  • WILLR between -80 and -20: The Williams %R is between -80 and -20. This indicates that Independence Contract Drilling Inc is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.
Independence Contract Drilling Inc Daily Williams %R ChartIndependence Contract Drilling Inc Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold 

Score

Let's take a look at the Bollinger Bands of Independence Contract Drilling Inc.

Independence Contract Drilling Inc Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Independence Contract Drilling Inc. The current atr is 0.11375481.

Independence Contract Drilling Inc Daily Average True Range (ATR) ChartIndependence Contract Drilling Inc Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Independence Contract Drilling Inc. The current obv is -3,576,963.

Independence Contract Drilling Inc Daily On-Balance Volume (OBV) ChartIndependence Contract Drilling Inc Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Independence Contract Drilling Inc. The current mfi is 80.28.

The long score for the Money Flow Index (MFI) is 2/2.
The longshort score for the Money Flow Index (MFI) is 2/(-2 +2).

  • MFI > 50: +1
  • MFI > 80: +1
Independence Contract Drilling Inc Daily Money Flow Index (MFI) ChartIndependence Contract Drilling Inc Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Independence Contract Drilling Inc.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2023-11-06STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2023-11-07BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-11-08STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-09STOCH LONG EXITThe %K line crosses below the %D line.
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2023-11-14STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-16STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-17RSI LONG ENTRY SHORT CLOSE30 crossover to upside
STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-20SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2023-11-21STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-22MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2023-11-24DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-11-27CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-11-28DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-29DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-01CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-12-04CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-12-05STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-06CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-12-07SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2023-12-12WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-12-13DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-14DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2023-12-15CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-12-20SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-12-22WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2023-12-26STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-28CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-12-29STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-02STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-03SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-04DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-05MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-01-09CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-12RSI LONG ENTRY SHORT CLOSE30 crossover to upside
STOCH SHORT EXITThe %K line crosses above the %D line.
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-01-16STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-18RSI LONG ENTRY SHORT CLOSE30 crossover to upside
STOCH SHORT EXITThe %K line crosses above the %D line.
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-01-22STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-23STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-26STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-29MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-30DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-31STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-01SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-02-02WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-05DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-02-06STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-07STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-09STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-12STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-02-13MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-14STOCH LONG EXITThe %K line crosses below the %D line.
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-02-15RSI LONG ENTRY SHORT CLOSE30 crossover to upside
STOCH SHORT EXITThe %K line crosses above the %D line.
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-02-16WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-21MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-02-22SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2024-02-23STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-26MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-27STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-28BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-02-29STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-01STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-04STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-05WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-03-07STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-08STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-11RSI LONG ENTRY SHORT CLOSE30 crossover to upside
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-12STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-13MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-15STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-18STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-19STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-21SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2024-03-22STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-25DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-26CCI LONG ENTRY SHORT CLOSE100 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-27STOCH LONG EXITThe %K line crosses below the %D line.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside

6.3. Candlestick Patterns

Independence Contract Drilling Inc Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Independence Contract Drilling Inc based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5057.822
Ma 20Greater thanMa 501.744
Ma 50Greater thanMa 1001.903
Ma 100Greater thanMa 2002.140
OpenGreater thanClose2.000
Total2/5 (40.0%)
Penke

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