Camber Energy Inc [AMEX: CEI] gained 4.61% on the last trading session, reaching $0.18 price per share at the time. The company report on January 23, 2024 at 8:00 AM that Camber Energy Announces Agreement with Distributor for VKIN-Ozone Proprietary Waste Treatment System.
Territories Include Switzerland, France, Italy, Germany, and French speaking countries of West Africa.
Camber Energy, Inc. (NYSE American:CEI) (“Camber” or the “Company”) is pleased to announce that Simson-Maxwell Ltd. (“Simson-Maxwell”), a majority-owned subsidiary of Viking Energy Group, Inc., a company wholly-owned by Camber, entered into a Manufacturer’s Representative Agreement (“MRA”) with BOX 03 International S.A. (“BOX 03”) pursuant to which BOX 03 was appointed as the exclusive distributor of Viking Ozone Technology, LLC’s (“Viking Ozone”) proprietary ozone waste treatment systems in Switzerland, France, Italy, Germany, and French speaking countries of West Africa.
If compared to the average trading volume of 2.82M shares, CEI reached a trading volume of 3007507 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Camber Energy Inc [CEI]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CEI shares is $1.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CEI stock is a recommendation set at 5.00. 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.
The Average True Range (ATR) for Camber Energy Inc is set at 0.01, with the Price to Sales ratio for CEI stock in the period of the last 12 months amounting to 1.87. The Price to Book ratio for the last quarter was 1.02, with the Price to Cash per share for the same quarter was set at 0.01.
Trading performance analysis for CEI stock
Camber Energy Inc [CEI] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 9.66. With this latest performance, CEI shares dropped by -17.08% in over the last four-week period, additionally sinking by -80.94% over the last 6 months – not to mention a drop of -92.07% 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 37.02, with the RSI for the last a single of trading hit 40.85, and the three-weeks RSI is set at 36.92 for Camber Energy Inc [CEI]. The present Moving Average for the last 50 days of trading for this stock 0.2342, while it was recorded at 0.1712 for the last single week of trading, and 0.6276 for the last 200 days.
Camber Energy Inc [CEI]: A deeper dive into fundamental analysis
Camber Energy Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.31 and a Current Ratio set at 0.66.
An analysis of Institutional ownership at Camber Energy Inc [CEI]
The top three institutional holders of CEI stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in CEI stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in CEI stock with ownership which is approximately 5.8325%.
