Indonesia Energy Corporation Limited [INDO] stock Upgrade by Noble Capital Markets analyst, price target now $8

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Indonesia Energy Corporation Limited [AMEX: INDO] closed the trading session at $12.50 on 06/07/22. The day’s price range saw the stock hit a low of $12.11, while the highest price level was $13.59. The company report on June 6, 2022 that Indonesia Energy To Present at LD Micro Invitational XII Investor Conference on Wednesday, June 8th at 5:30pm PDT.


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President Frank Ingriselli Will Present Update on Operations and Recently Completed Back-to-Back New Discovery Wells.

Company also announces availablity of its Form 20-F Annual Report for 2021 on its Investor Relations Website.

The stocks have a year to date performance of 346.43 percent and weekly performance of -25.28 percent. The stock has been moved at 288.20 percent over the last six months. The stock has performed -31.39 percent around the most recent 30 days and changed -59.68 percent over the most recent 3-months.

If compared to the average trading volume of 2.41M shares, INDO reached to a volume of 5742780 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 Indonesia Energy Corporation Limited [INDO]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for INDO shares is $15.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on INDO stock is a recommendation set at 3.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Noble Capital Markets have made an estimate for Indonesia Energy Corporation Limited shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on March 25, 2021. While these analysts kept the previous recommendation, Aegis Capital raised their target price to Buy. The new note on the price target was released on February 12, 2020, representing the official price target for Indonesia Energy Corporation Limited stock.

The Average True Range (ATR) for Indonesia Energy Corporation Limited is set at 2.21, with the Price to Sales ratio for INDO stock in the period of the last 12 months amounting to 41.10. The Price to Book ratio for the last quarter was 11.79.

INDO stock trade performance evaluation

Indonesia Energy Corporation Limited [INDO] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -25.28. With this latest performance, INDO shares dropped by -31.39% in over the last four-week period, additionally plugging by 288.20% over the last 6 months – not to mention a rise of 125.23% 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 INDO stock in for the last two-week period is set at 38.00, with the RSI for the last a single of trading hit 32.66, and the three-weeks RSI is set at 41.83 for Indonesia Energy Corporation Limited [INDO]. The present Moving Average for the last 50 days of trading for this stock 17.87, while it was recorded at 13.95 for the last single week of trading, and 10.03 for the last 200 days.

Indonesia Energy Corporation Limited [INDO]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Indonesia Energy Corporation Limited [INDO] shares currently have an operating margin of -367.01 and a Gross Margin at -37.15. Indonesia Energy Corporation Limited’s Net Margin is presently recorded at -350.96.

Return on Total Capital for INDO is now -43.22, given the latest momentum, and Return on Invested Capital for the company is -44.07. Return on Equity for this stock declined to -48.70, with Return on Assets sitting at -37.85. When it comes to the capital structure of this company, Indonesia Energy Corporation Limited [INDO] has a Total Debt to Total Equity ratio set at 16.03. Additionally, INDO Total Debt to Total Capital is recorded at 13.81, with Total Debt to Total Assets ending up at 12.71. Long-Term Debt to Equity for the company is recorded at 8.09, with the Long-Term Debt to Total Capital now at 6.97.

Receivables Turnover for the company is 2.67 with a Total Asset Turnover recorded at a value of 0.11.Indonesia Energy Corporation Limited’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.20 and a Current Ratio set at 1.20.

Indonesia Energy Corporation Limited [INDO]: Insider Ownership positions

There are presently around $5 million, or 5.60% of INDO stock, in the hands of institutional investors. The top three institutional holders of INDO stocks are: RENAISSANCE TECHNOLOGIES LLC with ownership of 292,433, which is approximately New of the company’s market cap and around 76.98% of the total institutional ownership; SUSQUEHANNA INTERNATIONAL GROUP, LLP, holding 36,080 shares of the stock with an approximate value of $0.45 million in INDO stocks shares; and JANE STREET GROUP, LLC, currently with $0.31 million in INDO stock with ownership of nearly New of the company’s market capitalization.

Positions in Indonesia Energy Corporation Limited stocks held by institutional investors increased at the end of June and at the time of the June reporting period, where 14 institutional holders increased their position in Indonesia Energy Corporation Limited [AMEX:INDO] by around 420,153 shares. Additionally, 0 investors decreased positions by around 0 shares, while 1 investors held positions by with 10 shares. The mentioned changes placed institutional holdings at 420,163 shares, according to the latest SEC report filing. INDO stock had 14 new institutional investments in for a total of 420,153 shares, while 0 institutional investors sold positions of 0 shares during the same period.

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