Camber Energy Inc [AMEX: CEI] stock went on an upward path that rose over 15.42% on Friday, amounting to a one-week price increase of more than 13.95%. The company report on March 28, 2024 at 8:30 AM that Camber Energy Announces Issuance of Additional Patent Covering Transmission Line Ground Fault Prevent Systems.
I.P. is Part of Solution Designed to Mitigate Wildfire Risk and Improve Grid Stability.
Camber Energy, Inc. (NYSE American:CEI) (“Camber” or the “Company”), today announced that on March 26, 2024, the U.S. Patent and Trademark Office (USPTO) issued U.S. patent11,942,776 entitled “Electric Transmission Line Ground Fault Prevention Systems Using Dual Parameter Monitoring With High Sensitivity Relay Devices in Parallel With Low Sensitivity Relay Devices”.
Over the last 12 months, CEI stock dropped by -86.02%. The one-year Camber Energy Inc stock forecast points to a potential upside of 77.0. The average equity rating for CEI stock is currently 5.00, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $34.55 million, with 148.94 million shares outstanding and 143.25 million shares in the current float. Compared to the average trading volume of 3.35M shares, CEI stock reached a trading volume of 15275972 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 1.93. The Price to Book ratio for the last quarter was 1.91, with the Price to Cash per share for the same quarter was set at 0.01.
CEI Stock Performance Analysis:
Camber Energy Inc [CEI] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 13.95. With this latest performance, CEI shares gained by 2.65% in over the last four-week period, additionally sinking by -5.73% over the last 6 months – not to mention a drop of -86.02% 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 64.60, with the RSI for the last a single of trading hit 70.83, and the three-weeks RSI is set at 60.33 for Camber Energy Inc [CEI]. The present Moving Average for the last 50 days of trading for this stock 0.1931, while it was recorded at 0.2077 for the last single week of trading, and 0.3664 for the last 200 days.
Insight into Camber Energy Inc Fundamentals:
Camber Energy Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.31 and a Current Ratio set at 0.62.
Camber Energy Inc [CEI] Institutonal Ownership Details
The top three institutional holders of CEI stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in CEI stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in CEI stock with ownership which is approximately 5.8386%.
