ICD Company Profile and Key Details

ICD has shown weak momentum, losing -19.75% over the past week and -59.03% over the past quarter, though year-to-date performance is down -76.09%. Short-term trend indicators are bullishly aligned (SMA20 -23.63%, SMA50 -46.21%, SMA200 -66.31%). The stock’s 14-day RSI is 30.3 (weak momentum), while the ATR of 0.1 points to higher daily volatility. The stock remains hovering near 52-week lows, trading -82.19% below its high and over 16.25% above its low.

Wall Street analysts project EPS growth of 7.0% annually over the next five years. The latest quarter delivered EPS of -$0.73. The next quarter is forecast at -$0.69. Next year's EPS is expected at $67.40. Independence Contract Drilling, Inc. earnings surprise history is a mixed track record. The quarter that ended August 07, 2024, missed forecasts by -3.95%. The prior quarter beat by -16.44%. Over the last six quarters, Apple has recorded several small beats. These include 233.33% in May 09, 2023.

Independence Contract Drilling, Inc. has 15.22 million shares outstanding. The public float is 10.00 million shares, elevated short interest at 4.69% of float. This equals 584.65 thousand shares. The short ratio is 6.22 days. Institutional investors hold 37.23% of the float. Insiders own 12.19%. MSD Partners, L.P. holds 1.70 million shares, MONROE WILLIAM has 1.34 million shares and Minmier James has 71.43 thousand shares.

Our AI price prediction model suggests that Independence Contract Drilling, Inc. stock has strong potential for upside but may face short-term weakness followed by gains in the medium and long term. 2-Week Outlook: Projected decline of -100.0%, with price expected at $0.00 by October 08, 2024, within a range of $0.00 to $0.12 3-Month Outlook: Projected fall of -74.07%, reaching $0.07 by November 26, 2024, with a range of $0.02 to $0.12. 1-Year Outlook: Projected gain of 148.15%, with price at $0.67 by September 04, 2025, within a range of $0.00 to $0.00.

Independence Contract Drilling, Inc. last paid a dividend of 0 per share, Dividend and splits history remains an important factor for investors monitoring long-term returns. A discounted cash flow model estimates fair value at around $4.47. This means the shares are trading below this model’s fair value.

Independence Contract Drilling, Inc. (NYSE:ICD) closed at $0.59 USD, losing -$0.06 (-9.88%) from the previous close of $0.65. The stock is currently mid-range between its 52-week high and low $0.28 and $3.24. With a market capitalization of about $8.92 million, Independence Contract Drilling, Inc. is classified as a micro-cap and shows higher-than-market volatility (beta ~4.96). Key stats such as the average daily volume over the past year has been around 97.03 thousand shares, trading with heavier-than-usual volume. Headquartered in Houston, TX, Independence Contract Drilling, Inc. operates in the Energy sector and the Oil & Gas Drilling industry. Led by CEO John Anthony Gallegos Jr., the company employs approximately 450 people and listed since August 08, 2014. Independence Contract Drilling, Inc. provides land-based contract drilling services for oil and natural gas producers in the United States.

Independence Contract Drilling, Inc. (NYSE:ICD) shares are down -76.09% year-to-date currently trading near 52-week highs band. Short-term momentum has been negative over the last quarter, despite recent volatility. Valuation shows Independence Contract Drilling, Inc. trading at a premium to the broader market with a P/E of -0.22. Analyst sentiment is bullish, with the majority of ratings in Buy territory and a mean price target of $7.65, suggesting 2733.33% upside. Our AI forecast model points to short-term weakness (-100.0% over two weeks), a medium-term fall (-74.07% over three months), and a longer-term gain (148.15% over one year), with expected trading ranges indicating moderate volatility.

Independence Contract Drilling, Inc. trades at a P/E ratio of -0.22, slightly below the S&P 500 average, with a price-to-sales ratio of 0.04 and a price-to-book ratio of 0.05 suggesting the stock is closer to book value. The P/FCF stands at 0.44, also below market averages.