Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
The price of Indonesia Energy Corp Ltd (AMEX: INDO) closed at $2.85 in the last session, down -2.40% from day before closing price of $2.92. In other words, the price has decreased by -$2.40 from its previous closing price. On the day, 0.5 million shares were traded. INDO stock price reached its highest trading level at $3.0189 during the session, while it also had its lowest trading level at $2.83.
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:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, INDO now has a Market Capitalization of 41356632 and an Enterprise Value of 35951252. For the stock, the TTM Price-to-Sale (P/S) ratio is 15.49 while its Price-to-Book (P/B) ratio in mrq is 2.13. Its current Enterprise Value per Revenue stands at 13.477 whereas that against EBITDA is -6.825.
Stock Price History:
The Beta on a monthly basis for INDO is -0.67, which has changed by 0.24454153 over the last 52 weeks, in comparison to a change of 0.18569505 over the same period for the S&P500. Over the past 52 weeks, INDO has reached a high of $7.95, while it has fallen to a 52-week low of $2.10. The 50-Day Moving Average of the stock is -7.47%, while the 200-Day Moving Average is calculated to be -4.06%.
Shares Statistics:
According to the various share statistics, INDO traded on average about 3.04M shares per day over the past 3-months and 650920 shares per day over the past 10 days. A total of 14.51M shares are outstanding, with a floating share count of 8.68M. Insiders hold about 40.18% of the company’s shares, while institutions hold 0.59% stake in the company. Shares short for INDO as of 1752537600 were 516516 with a Short Ratio of 0.17, compared to 1749772800 on 1213866. Therefore, it implies a Short% of Shares Outstanding of 516516 and a Short% of Float of 5.71.
