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.
In the latest session, Ring Energy Inc (AMEX: REI) closed at $1.96 down -2.97% from its previous closing price of $2.02. In other words, the price has decreased by -$2.97 from its previous closing price. On the day, 1.0 million shares were traded. REI stock price reached its highest trading level at $2.02 during the session, while it also had its lowest trading level at $1.96.
Ratios:
For a deeper understanding of Ring Energy Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 1293.14 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 9.03. For the most recent quarter (mrq), Quick Ratio is recorded 0.44 and its Current Ratio is at 0.49. In the meantime, Its Debt-to-Equity ratio is 0.55 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 387950656 and an Enterprise Value of 817673216. As of this moment, Ring’s Price-to-Earnings (P/E) ratio for their current fiscal year is 3.65, and their Forward P/E ratio for the next fiscal year is 3.79. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.10. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.07 while its Price-to-Book (P/B) ratio in mrq is 0.49. Its current Enterprise Value per Revenue stands at 2.384 whereas that against EBITDA is 3.427.
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 12.45%, while the 200-Day Moving Average is calculated to be 12.49%.
Shares Statistics:
For the past three months, REI has traded an average of 1.80M shares per day and 1456160 over the past ten days. A total of 196.84M shares are outstanding, with a floating share count of 125.62M. Insiders hold about 36.53% of the company’s shares, while institutions hold 24.21% stake in the company. Shares short for REI as of 1711584000 were 13615344 with a Short Ratio of 7.55, compared to 1709164800 on 13182110. Therefore, it implies a Short% of Shares Outstanding of 13615344 and a Short% of Float of 10.0200005.
