Camber Energy Inc. [CEI] Stock trading around $0.79 per share: What’s Next?

Camber Energy Inc. [AMEX: CEI] surged by $0.05 during the normal trading session on Wednesday and reaching a high of $0.83 during the day while it closed the day at $0.79. The company report on April 14, 2021 that Camber Energy, Inc. Changes Fiscal Year End.

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Camber Energy, Inc. (NYSE American:CEI) (“Camber” or the “Company”). Further to Camber’s Current Report on Form 8-K filed on February 8, 2021 with the Securities and Exchange Commission, and available under “Investors” at www.camber.energy, Camber is pleased to announce the change in the Company’s fiscal year from March 31 of each year to December 31 of each year. The Company is obligated to file a transition report on Form 10-K covering the nine-month transition period from April 1, 2020 to December 31, 2020, on or before May 9, 2021 pursuant to Rule 15d-10(b) promulgated under the Securities Exchange Act of 1934.

James Doris, President & CEO of Camber, commented, “This change aligns Camber’s year end with the year end of Viking Energy Group, Inc., the Company’s majority-owned subsidiary, which should serve to simplify reporting to the organization’s stakeholders.”.

Camber Energy Inc. stock has also gained 7.25% of its value over the past 7 days. However, CEI stock has declined by -30.70% in the 3 months of the year. Over the past six months meanwhile, it has lost -1.63% and lost -14.44% year-on date.

The market cap for CEI stock reached $19.69 million, with 35.40 million shares outstanding and 25.00 million shares in the current float. Compared to the average trading volume of 7.58M shares, CEI reached a trading volume of 6236861 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Camber Energy Inc. [CEI]:

The Average True Range (ATR) for Camber Energy Inc. is set at 0.07, with the Price to Sales ratio for CEI stock in the period of the last 12 months amounting to 65.65. The Price to Book ratio for the last quarter was 3.76, with the Price to Cash per share for the same quarter was set at 0.04.

CEI stock trade performance evaluation

Camber Energy Inc. [CEI] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 7.25. With this latest performance, CEI shares dropped by -23.30% in over the last four-week period, additionally sinking by -1.63% over the last 6 months – not to mention a drop of -54.86% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CEI stock in for the last two-week period is set at 39.77, with the RSI for the last a single of trading hit 45.81, and the three-weeks RSI is set at 39.60 for Camber Energy Inc. [CEI]. The present Moving Average for the last 50 days of trading for this stock 1.1585, while it was recorded at 0.7427 for the last single week of trading, and 0.9698 for the last 200 days.

Camber Energy Inc. [CEI]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Camber Energy Inc. [CEI] shares currently have an operating margin of -1214.36 and a Gross Margin at -25.93. Camber Energy Inc.’s Net Margin is presently recorded at -971.07.

Return on Total Capital for CEI is now -69.89, given the latest momentum, and Return on Invested Capital for the company is -55.89. Return on Equity for this stock declined to -55.89, with Return on Assets sitting at -42.20.

Receivables Turnover for the company is 2.07 with a Total Asset Turnover recorded at a value of 0.04.Camber Energy Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.90 and a Current Ratio set at 0.90.

Camber Energy Inc. [CEI]: Insider Ownership positions

There are presently around $1 million, or 4.00% of CEI stock, in the hands of institutional investors. The top three institutional holders of CEI stocks are: VANGUARD GROUP INC with ownership of 364,256, which is approximately 1034.542% of the company’s market cap and around 9.90% of the total institutional ownership; VIRTU FINANCIAL LLC, holding 241,278 shares of the stock with an approximate value of $0.19 million in CEI stocks shares; and RENAISSANCE TECHNOLOGIES LLC, currently with $0.14 million in CEI stock with ownership of nearly New of the company’s market capitalization.

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Positions in Camber Energy Inc. stocks held by institutional investors increased at the end of June and at the time of the June reporting period, where 9 institutional holders increased their position in Camber Energy Inc. [AMEX:CEI] by around 808,063 shares. Additionally, 3 investors decreased positions by around 158,140 shares, while 5 investors held positions by with 29,131 shares. The mentioned changes placed institutional holdings at 995,334 shares, according to the latest SEC report filing. CEI stock had 5 new institutional investments in for a total of 335,653 shares, while 2 institutional investors sold positions of 9 shares during the same period.

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