On Tuesday, Ring Energy Inc (AMEX: REI) was -3.80% drop from the session before settling in for the closing price of $1.58. A 52-week range for REI has been $1.25 – $2.20.
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Energy Sector giant saw their annual sales surged by 35.06% over the last five years. When this article was written, the company’s average yearly earnings per share was at -30.39%. With a float of $141.79 million, this company’s outstanding shares have now reached $196.84 million.
The firm has a total of 108 workers. Let’s measure their productivity. In terms of profitability, gross margin is 75.64%, operating margin of 39.23%, and the pretax margin is 36.36%.
Ring Energy Inc (REI) Breakdown of a Key Holders of the stock
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Ring Energy Inc stocks. The insider ownership of Ring Energy Inc is 28.46%, while institutional ownership is 29.08%. The most recent insider transaction that took place on Oct 08 ’24, was worth 7,128,000. In this transaction 10% Owner of this company sold 4,400,000 shares at a rate of $1.62, taking the stock ownership to the 35,520,643 shares. Before that another transaction happened on Oct 08 ’24, when Company’s 10% Owner sold 4,400,000 for $1.62, making the entire transaction worth $7,128,000. This insider now owns 35,520,643 shares in total.
Ring Energy Inc (REI) Recent Fiscal highlights
According to the Wall Street analysts, stocks earnings will be around -30.39% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 37.00% during the next five years compared to 29.41% growth over the previous five years of trading.
Ring Energy Inc (AMEX: REI) Trading Performance Indicators
You can see what Ring Energy Inc (REI) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 0.49. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.79. Likewise, its price to free cash flow for the trailing twelve months is 6.88.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.57, a number that is poised to hit 0.09 in the next quarter and is forecasted to reach 0.42 in one year’s time.
Technical Analysis of Ring Energy Inc (REI)
Analysing the last 5-days average volume posted by the [Ring Energy Inc, REI], we can find that recorded value of 3.2 million was better than the volume posted last year of 1.8 million. As of the previous 9 days, the stock’s Stochastic %D was 33.33%. Additionally, its Average True Range was 0.09.
During the past 100 days, Ring Energy Inc’s (REI) raw stochastic average was set at 13.01%, which indicates a significant decrease from 24.24% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 70.94% in the past 14 days, which was higher than the 55.95% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.6112, while its 200-day Moving Average is $1.7190. Now, the first resistance to watch is $1.5772. This is followed by the second major resistance level at $1.6344. The third major resistance level sits at $1.6730. If the price goes on to break the first support level at $1.4814, it is likely to go to the next support level at $1.4428. Now, if the price goes above the second support level, the third support stands at $1.3856.
Ring Energy Inc (AMEX: REI) Key Stats
There are 198,196K outstanding shares of the company, which has a market capitalization of 301.26 million. As of now, sales total 361,060 K while income totals 104,860 K. Its latest quarter income was 89,240 K while its last quarter net income were 33,880 K.
