A stock’s 52-week high and low prices can offer a wealth of information about its current standing and prospective future performance. Indonesia Energy Corp Ltd’s current trading price is -7.86% away from its 52-week high, while its distance from the 52-week low is 148.28%. The stock’s price range for this time frame has been between $2.03 and $5.47. The trading volume of the company’s shares in the Energy reached around 41.33 million for the day, which was evidently higher than the average daily volume of 69420.0 over the last three months.
The stock market performance of Indonesia Energy Corp Ltd has been fairly unsteady. Over the last year, the company’s stock hit its highest at $5.47 on 04/12/24, while the lowest price during the same time frame was $2.03, recorded on 03/12/24.
How Financial Performance Impacts Market Capitalization
Indonesia Energy Corp Ltd (INDO) has experienced a quarterly rise of 82.61% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 51.11M.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 2.63, with a change in price of +2.33. Similarly, Indonesia Energy Corp Ltd recorded 445,821 in trading volume during the last 100 days, posting a change of +78.19%.
How INDO’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for INDO stands at 0.02. Similarly, the long-term debt-to-equity ratio is also 0.01.
INDO Stock Stochastic Average
Indonesia Energy Corp Ltd’s raw stochastic average for the past 50 days is currently at 83.89%. This represents a surge from the raw stochastic average of the last 20 days, which was recorded at 83.68%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 71.40% and 63.53%, respectively.
INDO Stock Price Performance Analysis
The stock price performance for the year has been a mixed bag, indicating either a pessimistic or optimistic outlook depending on how you look at it. Until today this year the stock’s price performance recorded an increase of 85.98%. However, over the last six months, the performance has been weaker by 42.78%. The price of INDO increased 132.26% over the last 30 days. And in the last five days, it has surged by 66.34%.
