Ring Energy Inc (REI) concluded trading on Thursday at a closing price of $2.00, with 2.96 million shares of worth about $5.92 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 6.95% during that period and on April 4, 2024 the price saw a loss of about -4.31%. Currently the company’s common shares owned by public are about 196.84M shares, out of which, 124.77M shares are available for trading.
However, the stock later moved at a day high price of 1.6800, or with a loss of -4.31%. Stock saw a price change of 4.17% in past 5 days and over the past one month there was a price change of 42.86%. Year-to-date (YTD), REI shares are showing a performance of 36.99% which decreased to -5.21% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.25 but also hit the highest price of $2.43 during that period. The average intraday trading volume for Ring Energy Inc shares is 1.91 million. The stock is currently trading 10.44% above its 20-day simple moving average (SMA20), while that difference is up 29.30% for SMA50 and it goes to 16.17% higher than SMA200.
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Ring Energy Inc (AMEX: REI) currently have 196.84M outstanding shares and institutions hold larger chunk of about 24.18% of that.
The stock has a current market capitalization of $395.86M and its 3Y-monthly beta is at 1.79. PE ratio of stock for trailing 12 months is 3.72, while it has posted earnings per share of $0.54 in the same period. Its PEG reads 0.10 and has Quick Ratio of 0.44 while making debt-to-equity ratio of 0.55. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for REI, volatility over the week remained 4.76% while standing at 5.34% over the month.
Stock’s fiscal year EPS is expected to drop by -13.73% while it is estimated to increase by 7.95% in next year. EPS is likely to grow at an annualized rate of 37.00% for next 5-years, compared to annual growth of 29.41% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by ROTH Capital on August 01, 2022 offering a Neutral rating for the stock and assigned a target price range of between $4.90 and $7.50 to it. Coverage by ROTH Capital stated Ring Energy Inc (REI) stock as a Buy in their note to investors on October 14, 2021, suggesting a price target of $4.75 for the stock. Stock get a Accumulate rating from Johnson Rice on March 17, 2020.
