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The closing price of Ring Energy Inc (AMEX: REI) was $1.61 for the day, up 5.92% from the previous closing price of $1.52. In other words, the price has increased by $5.92 from its previous closing price. On the day, 2.87 million shares were traded. REI stock price reached its highest trading level at $1.61 during the session, while it also had its lowest trading level at $1.555.
Ratios:
Our analysis of REI’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 270.39 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 6.54. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Oct 08 ’24 when Warburg Pincus & Co US, LLC sold 4,400,000 shares for $1.62 per share. The transaction valued at 7,128,000 led to the insider holds 35,520,643 shares of the business.
Warburg Pincus (E&P) XII LLC sold 4,400,000 shares of REI for $7,128,000 on Oct 08 ’24. The 10% Owner now owns 35,520,643 shares after completing the transaction at $1.62 per share. On Oct 08 ’24, another insider, Warburg Pincus LLC (1) , who serves as the Affiliate of the company, bought 4,400,000 shares for $1.74 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 319056928 and an Enterprise Value of 730227008. As of this moment, Ring’s Price-to-Earnings (P/E) ratio for their current fiscal year is 4.49, and their Forward P/E ratio for the next fiscal year is 3.88. 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 0.82 while its Price-to-Book (P/B) ratio in mrq is 0.39. Its current Enterprise Value per Revenue stands at 1.976 whereas that against EBITDA is 3.238.
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 -1.18%, while the 200-Day Moving Average is calculated to be -6.10%.
Shares Statistics:
REI traded an average of 1.69M shares per day over the past three months and 1623350 shares per day over the past ten days. A total of 196.84M shares are outstanding, with a floating share count of 141.77M. Insiders hold about 28.46% of the company’s shares, while institutions hold 27.44% stake in the company. Shares short for REI as of 1728950400 were 14561086 with a Short Ratio of 8.61, compared to 1726185600 on 13708135. Therefore, it implies a Short% of Shares Outstanding of 14561086 and a Short% of Float of 9.9.
