Drilling Tools International Corporation (NASDAQ: DTI) has experienced a rise in its stock price by 7.97 compared to its previous closing price of 4.77. However, the company has seen a gain of 11.96% in its stock price over the last five trading days. Seeking Alpha reported 2024-03-28 that Drilling Tools International Corp. (DTI) Q4 2023 Earnings Call Transcript
Is It Worth Investing in Drilling Tools International Corporation (NASDAQ: DTI) Right Now?
Drilling Tools International Corporation (NASDAQ: DTI) has a higher price-to-earnings ratio of 16.65x compared to its average ratio. DTI has 36-month beta value of -0.79. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for DTI is 5.06M, and currently, short sellers hold a 0.30% ratio of that float. The average trading volume of DTI on April 22, 2024 was 32.46K shares.
DTI’s Market Performance
The stock of Drilling Tools International Corporation (DTI) has seen a 11.96% increase in the past week, with a 83.93% rise in the past month, and a 75.77% gain in the past quarter. The volatility ratio for the week is 4.87%, and the volatility levels for the past 30 days are at 9.68% for DTI. The simple moving average for the past 20 days is 29.45% for DTI’s stock, with a 40.00% simple moving average for the past 200 days.
Analysts’ Opinion of DTI
Many brokerage firms have already submitted their reports for DTI stocks, with Jefferies repeating the rating for DTI by listing it as a “Hold.” The predicted price for DTI in the upcoming period, according to Jefferies is $3 based on the research report published on February 26, 2024 of the current year 2024.
DTI Trading at 52.39% from the 50-Day Moving Average
After a stumble in the market that brought DTI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -51.32% of loss for the given period.
Volatility was left at 9.68%, however, over the last 30 days, the volatility rate increased by 4.87%, as shares surge +77.59% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +79.44% upper at present.
During the last 5 trading sessions, DTI rose by +11.96%, which changed the moving average for the period of 200-days by +27.16% in comparison to the 20-day moving average, which settled at $4.09. In addition, Drilling Tools International Corporation saw 60.94% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at DTI starting from Patterson Thomas Monroe, who purchase 7,392 shares at the price of $4.56 back on Sep 07 ’23. After this action, Patterson Thomas Monroe now owns 25,000 shares of Drilling Tools International Corporation, valued at $33,702 using the latest closing price.
Patterson Thomas Monroe, the Director of Drilling Tools International Corporation, purchase 9,108 shares at $4.49 during a trade that took place back on Sep 06 ’23, which means that Patterson Thomas Monroe is holding 17,608 shares at $40,877 based on the most recent closing price.
Stock Fundamentals for DTI
Current profitability levels for the company are sitting at:
- 0.17 for the present operating margin
- 0.73 for the gross margin
The net margin for Drilling Tools International Corporation stands at 0.1. The total capital return value is set at 0.24. Equity return is now at value 5.91, with 5.12 for asset returns.
Based on Drilling Tools International Corporation (DTI), the company’s capital structure generated 0.18 points at debt to capital in total, while cash flow to debt ratio is standing at 1.25. The debt to equity ratio resting at 0.21. The interest coverage ratio of the stock is 48.35.
Currently, EBITDA for the company is 48.25 million with net debt to EBITDA at 0.28. When we switch over and look at the enterprise to sales, we see a ratio of 1.09. The receivables turnover for the company is 5.08for trailing twelve months and the total asset turnover is 1.15. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.08.
Conclusion
To put it simply, Drilling Tools International Corporation (DTI) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
