Technical Outlook And Game Plan For Indonesia Energy Corp Ltd (AMEX: INDO)

Indonesia Energy Corp Ltd (INDO) concluded trading on Thursday at a closing price of $3.54, with 8.94 million shares of worth about $31.63 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 24.65% during that period and on June 12, 2025 the price saw a gain of about 9.60%. Currently the company’s common shares owned by public are about 13.91M shares, out of which, 8.32M shares are available for trading.

Stock saw a price change of 42.74% in past 5 days and over the past one month there was a price change of 45.08%. Year-to-date (YTD), INDO shares are showing a performance of 27.34% which increased to 22.92% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $2.06 but also hit the highest price of $5.88 during that period. The average intraday trading volume for Indonesia Energy Corp Ltd shares is 239.22K. The stock is currently trading 36.84% above its 20-day simple moving average (SMA20), while that difference is up 44.27% for SMA50 and it goes to 19.92% higher than SMA200.

Indonesia Energy Corp Ltd (AMEX: INDO) currently have 13.91M outstanding shares and institutions hold larger chunk of about 0.62% of that.

The stock has a current market capitalization of $49.24M and its 3Y-monthly beta is at -0.70. It has posted earnings per share of -$0.55 in the same period. It has Quick Ratio of 3.08 while making debt-to-equity ratio of 0.05. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for INDO, volatility over the week remained 7.60% while standing at 5.70% over the month.

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 Noble Capital Markets on June 24, 2022 offering an Outperform rating for the stock and assigned a target price of $15 to it. Coverage by Noble Capital Markets stated Indonesia Energy Corp Ltd (INDO) stock as an Outperform in their note to investors on March 25, 2021, suggesting a price target of $8 for the stock.

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