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. Year to date metric has recorded a loss of -1.47%.However, over the last six months, we can see a stronger performance of -29.47%. Over the last 30 days, the price of REI has fallen by 7.20%. And in the last five days, it has fallen by -6.94%.
Ring Energy Inc experienced a rather shaky stock market performance. The highest value in the past year was recorded at $2.20 on 04/12/24 and the lowest value was $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 -39.03% away from its 52-week high, while its distance from the 52-week low is 10.74%. 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 0.99 million for the day, a figure considerably lower than their average daily volume of 1.9 million over last three months.
Market Capitalization vs. Financial Performance: A Comparative Study
Ring Energy Inc (REI) has experienced a quarterly decline of -12.99% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 265.58M 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 1.5154, with a change in price of -0.2800. Similarly, Ring Energy Inc recorded 1,928,166 in trading volume during the last 100 days, posting a change of -17.28%.
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 31.71%, as of today. This marks a increase from the raw stochastic average of the last 20 days, which was 16.00%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 30.19% and 37.27%, respectively.
