At the end of the latest market close, Ring Energy Inc. (REI) was valued at $4.25. In that particular session, Stock kicked-off at the price of $4.44 while reaching the peak value of $4.58 and lowest value recorded on the day was $4.21. The stock current value is $3.85.Recently in News on May 10, 2022, Ring Energy Announces Results for First Quarter of 2022. ~ Improved Hedge Position, Higher Pricing and Success of 2022 Drilling Program Drives Increased Free Cash Flow Generation and Further Pay Down of Debt ~. You can read further details here
Ring Energy Inc. had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $5.09 on 05/06/22, with the lowest value was $2.25 for the same time period, recorded on 01/03/22.
Ring Energy Inc. (REI) full year performance was 88.89%
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 -24.46% during the 52-week period from high price, and 112.43% 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 $1.81 and $5.09.
The company’s shares, operating in the sector of Energy managed to top a trading volume set approximately around 2156735 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 86.40%, having the revenues showcasing 52.33% 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 425.00M, as it employees total of 53 workers.
Market experts do have their say about Ring Energy Inc. (REI)
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 3.36, with a change in the price was noted +1.77. In a similar fashion, Ring Energy Inc. posted a movement of +81.94% for the period of last 100 days, recording 2,778,023 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 0.97 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.97.
Technical breakdown of Ring Energy Inc. (REI)
Raw Stochastic average of Ring Energy Inc. in the period of last 50 days is set at 44.23%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 7.94%. In the last 20 days, the company’s Stochastic %K was 27.58% and its Stochastic %D was recorded 43.25%.
Bearing in mind the latest performance of Ring Energy Inc., several 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 86.40%. Additionally, trading for the stock in the period of the last six months notably improved by 5.72%, alongside a boost of 88.89% for the period of the last 12 months. The shares increased approximately by -14.31% in the 7-day charts and went down by 13.33% in the period of the last 30 days. Common stock shares were driven by 52.33% during last recorded quarter.