Drilling Tools International Corporation (NASDAQ: DTI) has a price-to-earnings ratio that is above its average at 8.51x. The stock has a 36-month beta value of -0.98. Opinions on the stock are mixed, with 1 analysts rating it as a “buy,” 0 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for DTI is 9.99M, and at present, short sellers hold a 2.71% of that float. On October 11, 2024, the average trading volume of DTI was 46.50K shares.
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DTI) stock’s latest price update
Drilling Tools International Corporation (NASDAQ: DTI) has experienced a decline in its stock price by -8.33 compared to its previous closing price of 3.60. However, the company has seen a fall of -10.81% in its stock price over the last five trading days. prnewswire.com reported 2024-10-03 that Further Demonstrates DTI’s Commitment to Advancing the Directional Drilling Process with Innovative Tool Development and Global Expansion HOUSTON, Oct. 3, 2024 /PRNewswire/ — Drilling Tools International Corp., (NASDAQ: DTI) (“DTI” or the “Company”), a global oilfield services company that designs, engineers, manufactures and provides a differentiated, rental-focused offering of tools for use in onshore and offshore drilling operations, as well as other cutting-edge solutions across the well life cycle, today announced that it has closed on its acquisition of European Drilling Projects known as ED Projects (EDP), a global provider of next-generation stabilizers, specialty reamers, and wellbore optimization technology for the drilling industry. Terms of the transaction were not disclosed.
DTI’s Market Performance
DTI’s stock has fallen by -10.81% in the past week, with a monthly drop of -10.57% and a quarterly drop of -40.33%. The volatility ratio for the week is 7.87% while the volatility levels for the last 30 days are 5.16% for Drilling Tools International Corporation The simple moving average for the past 20 days is -13.21% for DTI’s stock, with a -22.73% simple moving average for the past 200 days.
Analysts’ Opinion of DTI
Many brokerage firms have already submitted their reports for DTI stocks, with Alliance Global Partners repeating the rating for DTI by listing it as a “Buy.” The predicted price for DTI in the upcoming period, according to Alliance Global Partners is $8.50 based on the research report published on July 01, 2024 of the current year 2024.
Jefferies, on the other hand, stated in their research note that they expect to see DTI reach a price target of $3. The rating they have provided for DTI stocks is “Hold” according to the report published on February 26th, 2024.
DTI Trading at -17.38% 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 -48.11% of loss for the given period.
Volatility was left at 5.16%, however, over the last 30 days, the volatility rate increased by 7.87%, as shares sank -11.05% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -42.31% lower at present.
During the last 5 trading sessions, DTI fell by -10.81%, which changed the moving average for the period of 200-days by +8.55% in comparison to the 20-day moving average, which settled at $3.80. In addition, Drilling Tools International Corporation saw 3.12% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for DTI
Current profitability levels for the company are sitting at:
- 0.13 for the present operating margin
- 0.65 for the gross margin
The net margin for Drilling Tools International Corporation stands at 0.08. The total capital return value is set at 0.15. Equity return is now at value 13.39, with 7.60 for asset returns.
Based on Drilling Tools International Corporation (DTI), the company’s capital structure generated 0.23 points at debt to capital in total, while cash flow to debt ratio is standing at 0.49. The debt to equity ratio resting at 0.3. The interest coverage ratio of the stock is 16.96.
Currently, EBITDA for the company is 48.25 million with net debt to EBITDA at 0.95. When we switch over and look at the enterprise to sales, we see a ratio of 1.04. The receivables turnover for the company is 4.21for trailing twelve months and the total asset turnover is 0.89. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.97.
Conclusion
To sum up, Drilling Tools International Corporation (DTI) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing 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.
