Indonesia Energy Corp Ltd’s Market Journey: Closing Weak at 4.87, Down -3.75%

Beyond market trends, investors keen on maximizing returns delve into the world of stock picking. The right selections can be instrumental in catapulting your wealth.

The closing price of Indonesia Energy Corp Ltd (AMEX: INDO) was $4.87 for the day, down -3.75%% from the previous closing price of $5.06. In other words, the price has decreased by -$3.75% from its previous closing price. On the day, 51.55 million shares were traded. INDO stock price reached its highest trading level at $7.95 during the session, while it also had its lowest trading level at $4.7.

Ratios:

Our analysis of INDO’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 3.08 and its Current Ratio is at 3.18. In the meantime, Its Debt-to-Equity ratio is 0.05 whereas as Long-Term Debt/Eq ratio is at 0.02.

On March 25, 2021, Noble Capital Markets Upgraded its rating to Outperform which previously was Market Perform but kept the price unchanged to $8.

On February 12, 2020, Aegis Capital started tracking the stock assigning a Buy rating and target price of $10.Aegis Capital initiated its Buy rating on February 12, 2020, with a $10 target price.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, INDO now has a Market Capitalization of 70669056 and an Enterprise Value of 64049528. For the stock, the TTM Price-to-Sale (P/S) ratio is 26.47 while its Price-to-Book (P/B) ratio in mrq is 3.64. Its current Enterprise Value per Revenue stands at 24.011 whereas that against EBITDA is -12.159.

Stock Price History:

The Beta on a monthly basis for INDO is -0.74, which has changed by 0.78388274 over the last 52 weeks, in comparison to a change of 0.10163462 over the same period for the S&P500. Over the past 52 weeks, INDO has reached a high of $6.24, while it has fallen to a 52-week low of $2.06. The 50-Day Moving Average of the stock is 76.98%, while the 200-Day Moving Average is calculated to be 62.36%.

Shares Statistics:

INDO traded an average of 1.74M shares per day over the past three months and 15124650 shares per day over the past ten days. A total of 14.51M shares are outstanding, with a floating share count of 8.68M. Insiders hold about 40.18% of the company’s shares, while institutions hold 0.59% stake in the company. Shares short for INDO as of 1748563200 were 470914 with a Short Ratio of 0.27, compared to 1745971200 on 436117. Therefore, it implies a Short% of Shares Outstanding of 470914 and a Short% of Float of 5.58.

Dividends & Splits

Against a Trailing Annual Dividend Yield of 0.0

Earnings Estimates

The consensus estimate for the next quarter is $0, with high estimates of $0 and low estimates of $0.

Analysts are recommending an EPS of between $0 and $0 for the fiscal current year, implying an average EPS of $0.

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