Ring Energy Inc [AMEX: REI] traded at a high on Friday, posting a 2.88 gain after which it closed the day’ session at $0.87.
The results of the trading session contributed to over 22416327 shares changing hands. Over the past one week, the price volatility of Ring Energy Inc stands at 0.38% while the volatility over the past one month is 3.02%.
The market cap for REI stock reached $179.02 million, with 206.51 million shares outstanding and 157.08 million shares in the current float. Compared to the average trading volume of 2.31M shares, REI reached a trading volume of 22416327 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say 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 $3.47 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 0.51. The Price to Book ratio for the last quarter was 0.20, 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 6.20 with Quick ratio for the last quarter at 0.44.
How has REI stock performed recently?
Ring Energy Inc [REI] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 12.25. With this latest performance, REI shares dropped by -1.83% in over the last four-week period, additionally sinking by -39.38% over the last 6 months – not to mention a drop of -48.71% in the past year of trading.
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Ring Energy Inc [REI]: Deeper insight into the 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.
Insider trade positions for Ring Energy Inc [REI]
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%.
