Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
The price of Indonesia Energy Corp Ltd (AMEX: INDO) closed at $2.89 in the last session, down -3.99% from day before closing price of $3.01. In other words, the price has decreased by -$3.99 from its previous closing price. On the day, 0.74 million shares were traded. INDO stock price reached its highest trading level at $3.1 during the session, while it also had its lowest trading level at $2.86.
Ratios:
We take a closer look at INDO’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 1.86 and its Current Ratio is at 1.91. In the meantime, Its Debt-to-Equity ratio is 0.07 whereas as Long-Term Debt/Eq ratio is at 0.03.
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 39305448 and an Enterprise Value of 30424556. For the stock, the TTM Price-to-Sale (P/S) ratio is 12.56 while its Price-to-Book (P/B) ratio in mrq is 2.29. Its current Enterprise Value per Revenue stands at 9.728 whereas that against EBITDA is -10.034.
Stock Price History:
The Beta on a monthly basis for INDO is -0.11, which has changed by 0.11153841 over the last 52 weeks, in comparison to a change of 0.23809385 over the same period for the S&P500. Over the past 52 weeks, INDO has reached a high of $6.65, while it has fallen to a 52-week low of $2.03. The 50-Day Moving Average of the stock is -3.62%, while the 200-Day Moving Average is calculated to be -11.36%.
Shares Statistics:
According to the various share statistics, INDO traded on average about 861.94K shares per day over the past 3-months and 1456880 shares per day over the past 10 days. A total of 13.60M shares are outstanding, with a floating share count of 8.17M. Insiders hold about 39.96% of the company’s shares, while institutions hold 0.27% stake in the company. Shares short for INDO as of 1735603200 were 519666 with a Short Ratio of 0.60, compared to 1732838400 on 481193. Therefore, it implies a Short% of Shares Outstanding of 519666 and a Short% of Float of 6.36.
