The pursuit of outperformance leads many investors to carefully choose individual stocks. Picking the right ones can be a game-changer for growing your wealth.
Ring Energy Inc (AMEX: REI) closed the day trading at $1.33 down -2.92% from the previous closing price of $1.37. In other words, the price has decreased by -$2.92 from its previous closing price. On the day, 1.52 million shares were traded. REI stock price reached its highest trading level at $1.375 during the session, while it also had its lowest trading level at $1.3.
Ratios:
For a better understanding of REI, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.49 and its Current Ratio is at 0.54. In the meantime, Its Debt-to-Equity ratio is 0.47 whereas as Long-Term Debt/Eq ratio is at 0.46.
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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Dec 23 ’24 when Roesener Regina sold 16,000 shares for $1.25 per share. The transaction valued at 20,000 led to the insider holds 430,262 shares of the business.
Roesener Regina bought 16,000 shares of REI for $15,999 on Dec 23 ’24. On Oct 08 ’24, another insider, Warburg Pincus & Co US, LLC, who serves as the 10% Owner of the company, sold 4,400,000 shares for $1.62 each. As a result, the insider received 7,128,000 and left with 35,520,643 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 263600688. As of this moment, Ring’s Price-to-Earnings (P/E) ratio for their current fiscal year is 2.35, and their Forward P/E ratio for the next fiscal year is 3.35. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.26. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.69 while its Price-to-Book (P/B) ratio in mrq is 0.31.
Stock Price History:
The Beta on a monthly basis for REI is 1.57, which has changed by -0.043165445 over the last 52 weeks, in comparison to a change of 0.25219524 over the same period for the S&P500. Over the past 52 weeks, REI has reached a high of $2.20, while it has fallen to a 52-week low of $1.21. The 50-Day Moving Average of the stock is -6.99%, while the 200-Day Moving Average is calculated to be -20.49%.
Shares Statistics:
Over the past 3-months, REI traded about 1.91M shares per day on average, while over the past 10 days, REI traded about 1463420 shares per day. A total of 198.20M shares are outstanding, with a floating share count of 141.40M. Insiders hold about 28.66% of the company’s shares, while institutions hold 31.70% stake in the company. Shares short for REI as of 1736899200 were 11444923 with a Short Ratio of 5.98, compared to 1734048000 on 12639406. Therefore, it implies a Short% of Shares Outstanding of 11444923 and a Short% of Float of 7.7800006.