Indonesia Energy Corp Ltd [AMEX: INDO] surged by $1739994.94 during the normal trading session on Monday and reaching a high of $7.95 during the day while it closed the day at $1740000.0.
Indonesia Energy Corp Ltd stock has also loss -5.98% of its value over the past 7 days. However, INDO stock has inclined by 71.48% in the 3 months of the year. Over the past six months meanwhile, it has gained 80.37% and gained 82.40% year-on date.
The market cap for INDO stock reached $70.67 million, with 14.51 million shares outstanding and 8.68 million shares in the current float. Compared to the average trading volume of 1.74M shares, INDO reached a trading volume of 51551951 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 Corp Ltd [INDO]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for INDO shares is $10.00 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 1.00. 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 Corp Ltd shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on June 24, 2022. The new note on the price target was released on March 25, 2021, representing the official price target for Indonesia Energy Corp Ltd stock. Previously, the target price had yet another raise to $10, while Aegis Capital analysts kept a Buy rating on INDO stock.
The Price to Book ratio for the last quarter was 3.64, with the Price to Cash per share for the same quarter was set at 0.31.
INDO stock trade performance evaluation
Indonesia Energy Corp Ltd [INDO] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.98. With this latest performance, INDO shares gained by 91.73% in over the last four-week period, additionally plugging by 80.37% over the last 6 months – not to mention a rise of 75.18% in the past year of trading.
Indonesia Energy Corp Ltd [INDO]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Indonesia Energy Corp Ltd [INDO] shares currently have an operating margin of -224.58% and a Gross Margin at -28.59%. Indonesia Energy Corp Ltd’s Net Margin is presently recorded at -237.81%.
Return on Equity for this stock declined to -32.01%, with Return on Assets sitting at -32.01%.
Indonesia Energy Corp Ltd [INDO]: Institutional Ownership
There are presently around $0.60%, or 0.95%% of INDO stock, in the hands of institutional investors. The top three institutional holders of INDO stocks are: COMMONWEALTH EQUITY SERVICES, LLC with ownership of 31000.0 shares, which is approximately 0.3056%. UBS GROUP AG, holding 17746.0 shares of the stock with an approximate value of $$48802.0 in INDO stocks shares; and UBS GROUP AG, currently with $$39540.0 in INDO stock with ownership which is approximately 0.1418%.
