A mixed performance in the stock price over the year has left investors with either an optimistic or pessimistic outlook, depending on their point of view. The metric has seen a significant gain of 8.82% since the start of this calendar year. Looking back over the last six months, we can see a stronger performance of -16.85%. Over the past 30 days, the price of REI has fallen by 7.25%. And in the last five days, it has surged by 8.82%.
Ring Energy Inc ‘s stock market performance has been somewhat predictable. The company’s stock reached a 1-year high price of $2.20 on 04/12/24, while the lowest value for the same period was recorded at $1.21 on 12/23/24.
52-week price history of REI Stock
Analyzing a stock’s 52-week high and low prices can offer important information about its present condition and future outlook. Ring Energy Inc’s current trading price is -32.66% away from its 52-week high, while its distance from the 52-week low is 22.31%. The stock’s price range during this period has varied between$1.21 and $2.20. The Ring Energy Inc’s shares, which operate in the Energy, saw a trading volume of around 2.53 million for the day, a figure considerably higher than their average daily volume of 1.93 million over last three months.
Market Capitalization vs. Financial Performance: A Comparative Study
Ring Energy Inc (REI) has experienced a quarterly decline of -11.38% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 293.33M and boasts a workforce of 108 employees.
Combining Moving Average and Trading Volume Data for Better Market Insight
Based on Barchart.com data, the company’s moving average over the 100-day period was 1.5693, with a change in price of -0.4000. Similarly, Ring Energy Inc recorded 1,859,893 in trading volume during the last 100 days, posting a change of -21.28%.
REI’s Debt-to-Equity Ratio Cause for Concern? An In-Depth Look
The debt-to-equity (D/E) ratio is a significant metric that provides insights into a company’s financial state and market presence. By dividing a company’s current liabilities by its shareholders’ equity, the D/E ratio depicts the extent of debt used by a company to fund its assets relative to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for REI stands at 0.47. Similarly, the long-term debt-to-equity ratio is also 0.46.
REI Stock Stochastic Average
Ring Energy Inc’s raw stochastic average for the past 50 days is presently 48.21%, as of today. This marks a decrease from the raw stochastic average of the last 20 days, which was 79.41%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 68.63% and 69.41%, respectively.
