The market performance of Ring Energy Inc’s stock has been turbulent in recent times.
52-week price history of REI Stock
Studying a stock’s 52-week price history, which includes both low and high prices, can help gauge its current status and potential future performance. Ring Energy Inc’s current trading price is -63.84% away from its 52-week high, while its distance from the 52-week low is 3.19%. The stock’s price range during the 52-week period has remained between $0.72 and $2.06. In the Energy sector, the company’s shares saw a trading volume of around 1.23 million for the day, which was evidently lower than the average daily volume of 2.33 million over the past three months.
Market Capitalization and Financial Performance: An In-Depth Look
Ring Energy Inc (REI) has experienced a quarterly decline of -33.66% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 153.45M and boasts a workforce of 115 employees.
Making Sense of Trading Volume and Moving Average Data
Examining REI’s Debt-to-Equity Ratio: What You Need to Know
The debt-to-equity (D/E) ratio is a crucial measure that sheds light on a company’s financial health and market standing. It is determined by dividing a company’s overall liabilities by its shareholders’ equity, showing the extent of a company’s debt usage in financing its assets compared to the shareholders’ equity. At the time of writing, the total D/E ratio for REI stands at 0.53. Similarly, the long-term debt-to-equity ratio is also 0.53.
REI Stock Price Performance Analysis
Investors’ outlook regarding the stock price performance over the year has been split, with some feeling optimistic and others feeling pessimistic, as it’s been a mixed bag. Until today this year the stock’s price performance recorded a decrease of -45.37%. However, over the last six months, the performance has been stronger by -51.44%. The price of REI decreased -13.60% over the last 30 days. And in the last five days, it has fallen by -0.09%.
