Ring Energy Inc [AMEX: REI] stock went on a downward path that fall over -5.42% on Tuesday, amounting to a one-week price decrease of less than -14.53%.
Over the last 12 months, REI stock dropped by -55.40%. The one-year Ring Energy Inc stock forecast points to a potential upside of 77.23. The average equity rating for REI stock is currently 3.00, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $162.13 million, with 206.51 million shares outstanding and 152.40 million shares in the current float. Compared to the average trading volume of 2.18M shares, REI stock reached a trading volume of 5124376 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $3.47 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 3.00. 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.
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 0.06, with the Price to Sales ratio for REI stock in the period of the last 12 months amounting to 0.46. The Price to Book ratio for the last quarter was 0.19, 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 5.62 with Quick ratio for the last quarter at 0.44.
REI Stock Performance Analysis:
Ring Energy Inc [REI] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -14.53. With this latest performance, REI shares dropped by -10.94% in over the last four-week period, additionally sinking by -49.03% over the last 6 months – not to mention a drop of -55.40% 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 36.74, with the RSI for the last a single of trading hit 33.79, and the three-weeks RSI is set at 37.90 for Ring Energy Inc [REI]. The present Moving Average for the last 50 days of trading for this stock 0.9801, while it was recorded at 0.8314 for the last single week of trading, and 1.3854 for the last 200 days.
Insight into Ring Energy Inc Fundamentals:
Ring Energy Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.44 and a Current Ratio set at 0.47.
Ring Energy Inc [REI] Institutonal Ownership Details
The top three institutional holders of REI stocks are: WARBURG PINCUS LLC with ownership of 46.12 million shares, which is approximately 23.296%. 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 2.626%.
