Indonesia Energy Corp Ltd (INDO) Testing Investors’ Patience Right Now

Currently, there are 10.14M common shares owned by the public and among those 4.71M shares have been available to trade.

The company’s stock has a 5-day price change of 1.82% and 89.81% over the past three months. INDO shares are trading 85.61% year to date (YTD), with the 12-month market performance up to 3.71% higher. It has a 12-month low price of $2.03 and touched a high of $6.65 over the same period. INDO has an average intraday trading volume of 1.69 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 63.05%, 89.41%, and 56.21% respectively.

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Institutional ownership of Indonesia Energy Corp Ltd (AMEX: INDO) shares accounts for 0.51% of the company’s 10.14M shares outstanding.

It has a market capitalization of $51.00M and a beta (3y monthly) value of 0.11. Price movements for the stock have been influenced by the stock’s volatility, which stands at 35.46% over the week and 22.58% over the month.

Analysts forecast that Indonesia Energy Corp Ltd (INDO) will achieve an EPS of $Inovio Pharmaceuticals, Inc. for the current quarter, $9.68 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $Indonesia Energy Corporation Li while analysts give the company a high EPS estimate of $indie Semiconductor, Inc.. Comparatively, EPS for the current quarter was $MIND C.T.I. Ltd. a year ago.

Looking at the support for the INDO, a number of firms have released research notes about the stock. Noble Capital Markets stated their Outperform rating for the stock in a research note on June 24, 2022, with the firm’s price target at $15. Noble Capital Markets coverage for the Indonesia Energy Corp Ltd (INDO) stock in a research note released on March 25, 2021 offered a Outperform rating with a price target of $8.

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