Tudor Pickering Holt & Co. lowered the price target for the Dril-Quip Inc. (NYSE:DRQ) stock from “a Buy” to “a Hold”. The rating was released on March 14, 2022, according to finviz. In their research brief published November 04, 2020, Cowen analysts reiterated the Dril-Quip Inc. stock to Market Perform with a price target of $28.
The latest trade, Performances and Moving Averages give us the following Picture
The share price of Dril-Quip Inc. (NYSE:DRQ) dipped -2.03% to close Friday’s market session at $27.02, lower as compared to yesterday’s close. The stock price fluctuated between $26.44 and $27.62 throughout the trading session with the volume trading being 840181 shares, which represented a significant variation when compared to the three months average volume of 281.18K shares. The firm’s stock price fluctuated -8.56% within the last five trades and -16.17% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 20.20% in the last 6 months and 17.89% was added to its value over the previous 3 months. DRQ stock is trading at a margin of -12.15%, -10.25% and 5.46% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
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As of the close of trading, DRQ deals in the Energy domain. The stock is trading -30.70 percent below its 52-week high and 41.47 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is -16.67. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Dril-Quip Inc.’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at 0.70 percent and the profit margin is 0.10 percent, and the company has reported a gross margin of 26.60 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $959.21 million as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Dril-Quip Inc. (NYSE:DRQ) is 1688.75. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 30.46. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 2.65 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 1.05, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
LOVOI JOHN, the Director at Dril-Quip Inc. (DRQ) has sold 13,000 shares of firm on Mar 03 at a price of $35.29 against the total amount of $0.46 million. In another inside trade, Jupp Terence Bartlett, Director of Dril-Quip Inc. (NYSE:DRQ) sold 936 shares of the firm on Jan 04 for a total worth of $24589.0 at a price of $26.27. An inside trade which took place on Jan 03, President & CEO of Dril-Quip Inc. Bird Jeffrey J. sold 2,500 shares of firm against total price of $65569.0 at the cost of $26.23 per share.