Market Momentum Report: Indonesia Energy Corp Ltd (INDO)’s Positive Close at 5.25

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The price of Indonesia Energy Corp Ltd (AMEX: INDO) closed at $5.25 in the last session, up 31.58% from day before closing price of $3.99. In other words, the price has increased by $31.58 from its previous closing price. On the day, 24.85 million shares were traded.

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 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:

For the stock, the TTM Price-to-Sale (P/S) ratio is 27.35 while its Price-to-Book (P/B) ratio in mrq is 3.93.

Stock Price History:

Over the past 52 weeks, INDO has reached a high of $5.88, while it has fallen to a 52-week low of $2.06. The 50-Day Moving Average of the stock is 102.85%, while the 200-Day Moving Average is calculated to be 76.60%.

Shares Statistics:

A total of 13.91M shares are outstanding, with a floating share count of 8.32M. Insiders hold about 40.18% of the company’s shares, while institutions hold 0.62% stake in the company.

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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