Camber Energy Inc [AMEX: CEI] gained 13.07% or 0.03 points to close at $0.22 with a heavy trading volume of 8518137 shares. The company report on February 23, 2024 at 8:30 AM that Camber Energy Shares Positive Test Results of Patented Carbon Capture Water Removal System.
Modeled Forecasts Regard ∼ 80% Efficiency a Success.
The daily chart for CEI points out that the company has recorded -49.63% loss over the past six months.
If we look at the average trading volume of 3.26M shares, CEI reached to a volume of 8518137 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 0.02, with the Price to Sales ratio for CEI stock in the period of the last 12 months amounting to 2.25. The Price to Book ratio for the last quarter was 1.23, 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 17.39. With this latest performance, CEI shares gained by 26.01% in over the last four-week period, additionally sinking by -49.63% over the last 6 months – not to mention a drop of -87.47% 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 64.36, with the RSI for the last a single of trading hit 70.87, and the three-weeks RSI is set at 58.06 for Camber Energy Inc [CEI]. The present Moving Average for the last 50 days of trading for this stock 0.1919, while it was recorded at 0.1946 for the last single week of trading, and 0.4821 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%.
