ICD vs. NCNC, MXC, EPOW, ALCE, WAVE, ROCG, BRN, USEG, LITM, and HUSA
Should you be buying Independence Contract Drilling stock or one of its competitors? The main competitors of Independence Contract Drilling include noco-noco (NCNC), Mexco Energy (MXC), Sunrise New Energy (EPOW), Alternus Clean Energy (ALCE), Eco Wave Power Global AB (publ) (WAVE), Roth CH Acquisition IV (ROCG), Barnwell Industries (BRN), U.S. Energy (USEG), Snow Lake Resources (LITM), and Houston American Energy (HUSA). These companies are all part of the "oils/energy" sector.
noco-noco (NASDAQ:NCNC) and Independence Contract Drilling (NYSE:ICD) are both small-cap oils/energy companies, but which is the better investment? We will compare the two companies based on the strength of their profitability, dividends, community ranking, analyst recommendations, risk, institutional ownership, earnings, media sentiment and valuation.
0.4% of noco-noco shares are held by institutional investors. Comparatively, 29.4% of Independence Contract Drilling shares are held by institutional investors. 23.1% of noco-noco shares are held by insiders. Comparatively, 3.8% of Independence Contract Drilling shares are held by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock is poised for long-term growth.
In the previous week, noco-noco had 1 more articles in the media than Independence Contract Drilling. MarketBeat recorded 3 mentions for noco-noco and 2 mentions for Independence Contract Drilling. Independence Contract Drilling's average media sentiment score of 0.94 beat noco-noco's score of 0.34 indicating that noco-noco is being referred to more favorably in the media.
noco-noco has a beta of 1.37, indicating that its stock price is 37% more volatile than the S&P 500. Comparatively, Independence Contract Drilling has a beta of 4.86, indicating that its stock price is 386% more volatile than the S&P 500.
Independence Contract Drilling received 304 more outperform votes than noco-noco when rated by MarketBeat users.
noco-noco has a net margin of 0.00% compared to noco-noco's net margin of -24.20%. Independence Contract Drilling's return on equity of 0.00% beat noco-noco's return on equity.
noco-noco has higher earnings, but lower revenue than Independence Contract Drilling.
Summary
noco-noco beats Independence Contract Drilling on 6 of the 10 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding ICD and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
This chart shows the average media sentiment of NYSE and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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