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As of close of business last night, Ring Energy Inc’s stock clocked out at $1.97, up 3.68% from its previous closing price of $1.90. In other words, the price has increased by $3.68 from its previous closing price. On the day, 1.74 million shares were traded. REI stock price reached its highest trading level at $1.99 during the session, while it also had its lowest trading level at $1.92.
Ratios:
To gain a deeper understanding of REI’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 1299.74 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 9.08. 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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. 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 389929984 and an Enterprise Value of 819652544. As of this moment, Ring’s Price-to-Earnings (P/E) ratio for their current fiscal year is 3.66, and their Forward P/E ratio for the next fiscal year is 4.02. 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 1.08 while its Price-to-Book (P/B) ratio in mrq is 0.49. Its current Enterprise Value per Revenue stands at 2.39 whereas that against EBITDA is 3.435.
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 7.47%, while the 200-Day Moving Average is calculated to be 13.37%.
Shares Statistics:
It appears that REI traded 1.75M shares on average per day over the past three months and 1287430 shares per day over the past ten days. A total of 196.84M shares are outstanding, with a floating share count of 173.64M. Insiders hold about 12.28% of the company’s shares, while institutions hold 24.38% stake in the company. Shares short for REI as of 1713139200 were 13696742 with a Short Ratio of 7.82, compared to 1710460800 on 13335343. Therefore, it implies a Short% of Shares Outstanding of 13696742 and a Short% of Float of 9.33.
