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After finishing at $1.67 in the prior trading day, Ring Energy Inc (AMEX: REI) closed at $1.65, down -1.20%. In other words, the price has decreased by -$1.20 from its previous closing price. On the day, 1.3 million shares were traded. REI stock price reached its highest trading level at $1.69 during the session, while it also had its lowest trading level at $1.63.
Ratios:
Our goal is to gain a better understanding of REI by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 277.10 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 6.70. For the most recent quarter (mrq), Quick Ratio is recorded 0.45 and its Current Ratio is at 0.50. In the meantime, Its Debt-to-Equity ratio is 0.50 whereas as Long-Term Debt/Eq ratio is at 0.50.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, ROTH Capital on August 01, 2022, Downgraded its rating to Neutral and sets its target price to $7.50 from $4.90 previously.
On October 14, 2021, ROTH Capital Upgraded its rating to Buy which previously was Neutral but kept the price unchanged to $4.75.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Sep 18 ’24 when Warburg Pincus & Co US, LLC sold 6,200,000 shares for $1.64 per share. The transaction valued at 10,168,000 led to the insider holds 39,920,643 shares of the business.
Warburg Pincus (E&P) XII LLC sold 6,200,000 shares of REI for $10,168,000 on Sep 18 ’24. The 10% Owner now owns 39,920,643 shares after completing the transaction at $1.64 per share. On Sep 18 ’24, another insider, WARBURG PINCUS LLC, who serves as the Affiliate of the company, bought 6,200,000 shares for $1.75 each.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, REI now has a Market Capitalization of 326983808 and an Enterprise Value of 738153920. As of this moment, Ring’s Price-to-Earnings (P/E) ratio for their current fiscal year is 4.61, and their Forward P/E ratio for the next fiscal year is 3.44. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.12. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.84 while its Price-to-Book (P/B) ratio in mrq is 0.40. Its current Enterprise Value per Revenue stands at 1.998 whereas that against EBITDA is 3.273.
Stock Price History:
Over the past 52 weeks, REI has reached a high of $2.20, while it has fallen to a 52-week low of $1.25. The 50-Day Moving Average of the stock is -8.96%, while the 200-Day Moving Average is calculated to be -2.48%.
Shares Statistics:
The stock has traded on average 1.74M shares per day over the past 3-months and 1992770 shares per day over the last 10 days, according to various share statistics. A total of 196.84M shares are outstanding, with a floating share count of 131.17M. Insiders hold about 33.81% of the company’s shares, while institutions hold 27.51% stake in the company. Shares short for REI as of 1724976000 were 13731943 with a Short Ratio of 7.88, compared to 1722384000 on 13146679. Therefore, it implies a Short% of Shares Outstanding of 13731943 and a Short% of Float of 9.34.
