On Monday, Ring Energy Inc (AMEX: REI) was -4.32% drop from the session before settling in for the closing price of $1.39. A 52-week range for REI has been $1.25 – $2.20.
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A company in the Energy sector has jumped its sales by 35.06% annually for the last half of the decade. When this article was written, the company’s average yearly earnings per share was at -25.98%. With a float of $141.35 million, this company’s outstanding shares have now reached $198.20 million.
In an organization with 108 employees, it is important to assess its efficiency. 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) Insider Updates
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 28.68%, while institutional ownership is 31.75%. 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) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around -25.98% 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 0.68. Likewise, its price to free cash flow for the trailing twelve months is 5.93.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.57, a number that is poised to hit 0.08 in the next quarter and is forecasted to reach 0.41 in one year’s time.
Technical Analysis of Ring Energy Inc (REI)
Let’s dig in a bit further. During the last 5-days, its volume was 1.82 million. That was better than the volume of 1.79 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 13.76%. Additionally, its Average True Range was 0.06.
During the past 100 days, Ring Energy Inc’s (REI) raw stochastic average was set at 1.47%, which indicates a significant decrease from 4.08% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 35.38% in the past 14 days, which was lower than the 53.30% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.5282, while its 200-day Moving Average is $1.7328. However, in the short run, Ring Energy Inc’s stock first resistance to watch stands at $1.3800. Second resistance stands at $1.4300. The third major resistance level sits at $1.4600. If the price goes on to break the first support level at $1.3000, it is likely to go to the next support level at $1.2700. Assuming the price breaks the second support level, the third support level stands at $1.2200.
Ring Energy Inc (AMEX: REI) Key Stats
There are 198,196K outstanding shares of the company, which has a market capitalization of 259.86 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.
