Ring Energy Inc [AMEX: REI] gained 7.14% or 0.12 points to close at $1.80 with a heavy trading volume of 2394228 shares.
The daily chart for REI points out that the company has recorded -10.00% loss over the past six months.
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If we look at the average trading volume of 1.70M shares, REI reached to a volume of 2394228 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 Ring Energy Inc [REI]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for REI shares is $3.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on REI stock is a recommendation set at 2.33. 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.
ROTH Capital have made an estimate for Ring Energy Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on August 01, 2022. The new note on the price target was released on October 14, 2021, representing the official price target for Ring Energy Inc stock.
The Average True Range (ATR) for Ring Energy Inc is set at 0.08, with the Price to Sales ratio for REI stock in the period of the last 12 months amounting to 0.92. The Price to Book ratio for the last quarter was 0.44, with the Price to Cash per share for the same quarter was set at 0.01. Price to Free Cash Flow for REI in the course of the last twelve months was 7.31 with Quick ratio for the last quarter at 0.45.
Trading performance analysis for REI stock
Ring Energy Inc [REI] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 11.80. With this latest performance, REI shares gained by 11.11% in over the last four-week period, additionally sinking by -10.00% over the last 6 months – not to mention a drop of -3.74% 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 REI stock in for the last two-week period is set at 58.46, with the RSI for the last a single of trading hit 66.35, and the three-weeks RSI is set at 54.60 for Ring Energy Inc [REI]. The present Moving Average for the last 50 days of trading for this stock 1.7614, while it was recorded at 1.6640 for the last single week of trading, and 1.6991 for the last 200 days.
Ring Energy Inc [REI]: A deeper dive into fundamental analysis
Ring Energy Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.45 and a Current Ratio set at 0.50.
Ring Energy Inc [REI]: An earnings per share (EPS) analysis
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for REI. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Ring Energy Inc go to 37.00%.
An analysis of Institutional ownership at Ring Energy Inc [REI]
There are presently around $48.39%, or 55.22%% of REI stock, in the hands of institutional investors. The top three institutional holders of REI stocks are: WARBURG PINCUS LLC with ownership of 46.12 million shares, which is approximately 23.3653%. BLACKROCK INC., holding 8.87 million shares of the stock with an approximate value of $$14.99 million in REI stocks shares; and BLACKROCK INC., currently with $$8.79 million in REI stock with ownership which is approximately 2.6338%.
