For those aiming to surpass market returns, the art of stock picking is crucial. Making wise choices in stocks can greatly enhance your overall wealth.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The closing price of Ring Energy Inc (AMEX: REI) was $1.90 for the day, up 0.53% from the previous closing price of $1.89. In other words, the price has increased by $0.53 from its previous closing price. On the day, 0.84 million shares were traded. REI stock price reached its highest trading level at $1.9012 during the session, while it also had its lowest trading level at $1.86.
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 272.53 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 8.96. 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 0.54 whereas as Long-Term Debt/Eq ratio is at 0.54.
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 Dec 01 ’23 when CRUM JOHN A bought 50,000 shares for $1.67 per share. The transaction valued at 83,700 led to the insider holds 355,094 shares of the business.
McKinney Paul D. bought 50,000 shares of REI for $82,000 on Nov 15 ’23. The CEO and Chairman of the Board now owns 1,318,231 shares after completing the transaction at $1.64 per share. On Sep 12 ’23, another insider, Petrelli Anthony Benedict, who serves as the Director of the company, bought 50,000 shares for $1.92 each. As a result, the insider paid 95,980 and bolstered with 611,294 shares of the company.
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 376080288 and an Enterprise Value of 801075904. As of this moment, Ring’s Price-to-Earnings (P/E) ratio for their current fiscal year is 4.83, 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 0.13. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.02 while its Price-to-Book (P/B) ratio in mrq is 0.47. Its current Enterprise Value per Revenue stands at 2.293 whereas that against EBITDA is 3.734.
Stock Price History:
Over the past 52 weeks, REI has reached a high of $2.43, while it has fallen to a 52-week low of $1.25. The 50-Day Moving Average of the stock is 7.28%, while the 200-Day Moving Average is calculated to be 13.42%.
Shares Statistics:
REI traded an average of 1.76M shares per day over the past three months and 1697380 shares per day over the past ten days. A total of 196.84M shares are outstanding, with a floating share count of 131.20M. Insiders hold about 33.71% of the company’s shares, while institutions hold 24.34% stake in the company. Shares short for REI as of 1721001600 were 14265606 with a Short Ratio of 8.11, compared to 1718323200 on 12887159. Therefore, it implies a Short% of Shares Outstanding of 14265606 and a Short% of Float of 9.7200006.
