Let’s start up with the current stock price of Ring Energy Inc. (REI), which is $1.13 to be very precise. The Stock rose vividly during the last session to $1.20 after opening rate of $1.16 while the lowest price it went was recorded $1.11 before closing at $1.15.
Recently in News on December 23, 2020, Ring Energy, Inc. Announces Results of Fall 2020 Redetermination of Its Senior Credit Facility. Company Also Pays Down Revolver and Adds Additional Oil Hedges . You can read further details here
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Ring Energy Inc. had a pretty Dodgy run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $1.2400 on 01/13/21, with the lowest value was $0.6302 for the same time period, recorded on 01/04/21.
Ring Energy Inc. (REI) full year performance was -56.44%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Ring Energy Inc. shares are logging -60.96% during the 52-week period from high price, and 163.23% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $0.43 and $2.90.
The company’s shares, operating in the sector of Energy managed to top a trading volume set approximately around 2291010 for the day, which was evidently lower, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the Ring Energy Inc. (REI) recorded performance in the market was 74.27%, having the revenues showcasing 52.32% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 81.57M, as it employees total of 58 workers.
Analysts verdict on Ring Energy Inc. (REI)
During the last month, 0 analysts gave the Ring Energy Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 0.7050, with a change in the price was noted +0.1843. In a similar fashion, Ring Energy Inc. posted a movement of +19.18% for the period of last 100 days, recording 2,108,652 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for REI is recording 0.83 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.83.
Ring Energy Inc. (REI): Technical Analysis
Raw Stochastic average of Ring Energy Inc. in the period of last 50 days is set at 88.27%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 84.92%. In the last 20 days, the company’s Stochastic %K was 87.47% and its Stochastic %D was recorded 86.26%.
Let’s take a glance in the erstwhile performances of Ring Energy Inc., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 74.27%. Additionally, trading for the stock in the period of the last six months notably improved by 8.49%, alongside a downfall of -56.44% for the period of the last 12 months. The shares increased approximately by 58.42% in the 7-day charts and went up by 41.61% in the period of the last 30 days. Common stock shares were driven by 52.32% during last recorded quarter.