Dril Quip Stock Price on July 2, 2022 Breakdown

DRQ
 Stock
  

USD 23.36  0.44  1.85%   

As of today, the current price of Dril Quip is  23.36 , as last reported on the 17th of August 2022, with the highest price reaching  24.23  and the lowest price hitting  23.02  during the day.
Dril-Quip secures Sharpe Ratio (or Efficiency) of -0.13, which denotes the company had -0.13% of return per unit of risk over the last 3 months. Macroaxis standpoint towards predicting the risk of any stock is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. Dril-Quip exposes twenty-eight different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Dril-Quip coefficient of variation of (1,185), and Mean Deviation of 2.52 to check the risk estimate we provide.
  
As of 17th of August 2022, Net Income Common Stock is likely to drop to about (131.4 M). Dril Quip Price to Book Value is very stable at the moment as compared to the past year. Dril Quip reported last year Price to Book Value of 0.78. As of 17th of August 2022, Price to Sales Ratio is likely to grow to 2.65, while Price to Earnings Ratio are likely to drop (5.58) . Dril Quip Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Most Recent Activity

Shares Float
33.7 M
Shares Outstanding
34.4 M
Shares Short Prior Month
1.5 M
Earnings Share
-2.92
Shares Short
1.7 M
Revenue Per Share
9.69

Related Headline

Schlumberger Headline on 29th of June 2022

Schlumberger-Backed Arabian Drilling Gets Approval for Saudi IPO Bloomberg

Dril Quip Valuation on July 2, 2022

It is possible to determine the worth of Dril Quip on a given historical date. On July 2, 2022 Dril Quip was worth 26.27 at the beginning of the trading date compared to the closed value of 25.41. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Dril Quip stock. Still, in general, we apply an absolute valuation method to find Dril Quip's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Visa where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Dril Quip's related companies.
 Open High Low Close Volume
  26.09    26.35    25.47    25.87    283,739  
06/29/2022
  26.27    26.31    25.20    25.41    233,551  
  25.16    25.84    25.02    25.80    306,749  
Backtest Dril Quip  |  Dril Quip History  |  Dril Quip Valuation   PreviousNext  
Open Value 26.27
25.41
Closing Value
35.24
Upside

Dril Quip Trading Date Momentum on July 2, 2022

On June 30 2022 Dril-Quip was traded for  25.80  at the closing time. Highest Dril Quip's price during the trading hours was 25.84  and the lowest price during the day was  25.02 . The net volume was 306.7 K. The overall trading history on the 30th of June contributed to the next trading period price boost. The overall trading delta to the next next day price was 1.53% . The overall trading delta to current price is 0.59% .

Dril-Quip Fundamentals Correlations and Trends

By evaluating Dril Quip's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Dril Quip's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Dril Quip financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Dril Quip Stock history

Dril Quip investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Dril Quip is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Dril-Quip will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Dril Quip historical stock prices may prove useful in developing a viable investing in Dril Quip
Last ReportedProjected for 2022
Weighted Average Shares35.3 M34.6 M
Weighted Average Shares Diluted35.3 M34.6 M
Issuance Purchase of Equity Shares-24.2 M-26.1 M
Dril-Quip, Inc., together with its subsidiaries, designs, manufactures, sells, and services engineered drilling and production equipment for use in deepwater, harsh environment, and severe service applications worldwide. The company was founded in 1981 and is headquartered in Houston, Texas. Dril Quip operates under Oil Gas Equipment Services classification in the United States and is traded on New York Stock Exchange. It employs 1342 people.

Dril Quip Quarterly Market Capitalization

890.59 Million

Dril Quip Stock Technical Analysis

Dril Quip technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Dril Quip technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Dril Quip trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Dril Quip Period Price Range

Low
June 29, 2022
High

 26.27 

  

 25.41 

-0.86-3.27%

Dril Quip August 17, 2022 Market Strength

Market strength indicators help investors to evaluate how Dril Quip stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Dril Quip shares will generate the highest return on investment. By undertsting and applying Dril Quip stock market strength indicators, traders can identify Dril-Quip entry and exit signals to maximize returns

Dril Quip Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Dril Quip stock's direction in advance. Along with the technical and fundamental analysis of Dril Quip Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Dril Quip to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen stock market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
Continue to Investing Opportunities. Note that the Dril-Quip information on this page should be used as a complementary analysis to other Dril Quip's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.

Complementary Tools for Dril Quip Stock analysis

When running Dril-Quip price analysis, check to measure Dril Quip's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Dril Quip is operating at the current time. Most of Dril Quip's value examination focuses on studying past and present price action to predict the probability of Dril Quip's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Dril Quip's price. Additionally, you may evaluate how the addition of Dril Quip to your portfolios can decrease your overall portfolio volatility.
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Is Dril Quip's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Dril Quip. If investors know Dril Quip will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Dril Quip listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Market Capitalization
818.1 M
Quarterly Revenue Growth YOY
0.16
Return On Assets
-0.0204
Return On Equity
-0.0956
The market value of Dril-Quip is measured differently than its book value, which is the value of Dril Quip that is recorded on the company's balance sheet. Investors also form their own opinion of Dril Quip's value that differs from its market value or its book value, called intrinsic value, which is Dril Quip's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Dril Quip's market value can be influenced by many factors that don't directly affect Dril Quip's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Dril Quip's value and its price as these two are different measures arrived at by different means. Investors typically determine Dril Quip value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Dril Quip's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.