On January 24, 2023, HighPeak Energy Inc. (NASDAQ: HPK) opened at $29.75, higher 5.50% from the last session. During the day, the shares moved up to $29.75 and dropped to $27.73 before settling in for the closing price of $26.92. Price fluctuations for HPK have ranged from $16.04 to $38.21 over the past 52 weeks.
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Company’s average yearly earnings per share was noted 152.90% at the time writing. With a float of $13.97 million, this company’s outstanding shares have now reached $108.68 million.
Let’s look at the performance matrix of the company that is accounted for 30 employees. In terms of profitability, gross margin is +53.34, operating margin of +46.27, and the pretax margin is +32.92.
HighPeak Energy Inc. (HPK) Insider Updates
A key investor’s attitude towards the stock of the Oil & Gas E&P industry is another important factor to consider. The insider ownership of HighPeak Energy Inc. is 9.60%, while institutional ownership is 7.20%. The most recent insider transaction that took place on Nov 18, was worth 207,520. In this transaction President of this company bought 9,256 shares at a rate of $22.42, taking the stock ownership to the 249,887 shares. Before that another transaction happened on Jan 04, when Company’s Chief Executive Officer bought 131,539 for $22.00, making the entire transaction worth $2,893,858. This insider now owns 2,906,011 shares in total.
HighPeak Energy Inc. (HPK) Performance Highlights and Predictions
If we go through the results of last quarter, which was made public on 6/29/2022, the company posted $0.64 earnings per share (EPS) for the quarter, coming under the agreed prediction (set at $0.75) by -$0.11. This company achieved a net margin of +25.24 while generating a return on equity of 10.82. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.64 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 152.90% per share during the next fiscal year.
HighPeak Energy Inc. (NASDAQ: HPK) Trading Performance Indicators
Check out the current performance indicators for HighPeak Energy Inc. (HPK). In the past quarter, the stock posted a quick ratio of 0.50. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 5.29. Likewise, its price to free cash flow for the trailing twelve months is 9.03.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.71, a number that is poised to hit 0.87 in the next quarter and is forecasted to reach 4.36 in one year’s time.
Technical Analysis of HighPeak Energy Inc. (HPK)
HighPeak Energy Inc. (NASDAQ: HPK) saw its 5-day average volume 0.34 million, a negative change from its year-to-date volume of 0.35 million. As of the previous 9 days, the stock’s Stochastic %D was 82.98%. Additionally, its Average True Range was 1.40.
During the past 100 days, HighPeak Energy Inc.’s (HPK) raw stochastic average was set at 87.51%, which indicates a significant increase from 83.19% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 47.67% in the past 14 days, which was lower than the 62.72% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $22.96, while its 200-day Moving Average is $25.04. Nevertheless, the first resistance level for the watch stands at $29.52 in the near term. At $30.65, the stock is likely to face the second major resistance level. The third major resistance level sits at $31.54. If the price goes on to break the first support level at $27.50, it is likely to go to the next support level at $26.61. Assuming the price breaks the second support level, the third support level stands at $25.48.
HighPeak Energy Inc. (NASDAQ: HPK) Key Stats
There are currently 109,227K shares outstanding in the company with a market cap of 3.15 billion. Presently, the company’s annual sales total 220,120 K according to its annual income of 55,560 K. Last quarter, the company’s sales amounted to 204,110 K and its income totaled 107,900 K.