With 821.68M Outstanding Shares, Can Baytex Energy Corp (NYSE: BTE) Deliver Big Short-Term Gains?

Baytex Energy Corp (NYSE:BTE) currently has a daily average trading volume of 11.71M but it saw 10036107 shares traded in last market. With a market cap of 2.24B USD, the company’s current market price of $2.84 came rising about 0.35 while comparing to the previous closing price of $2.83. In past 52 weeks, the stock remained buoying in the range of price level as high as $4.08 and as low as $2.78. In the recent trading on the day, stock has struck highest price mark of $2.82 while lowest mark touched by it was $2.9.

Taking a look at 20-day trading activity of Baytex Energy Corp (BTE) gives us an average price of $2.97, while its current price level is -30.36% below from 52-week high level whereas it is 2.16% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $3.02 while that of 200 days or SMA-200 reads an average of $3.37. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.36% during that period while stretching the period over a month that increases to 3.51%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 41.14 which implies that the stock is in neutral territory.

Over the week, BTE’s stock price is moving -5.33% down while it is 1.07% when we observe its performance for the past one month. Year-to-date it is -14.46% down and over the past year, the stock is showing a downside performance of -25.07%.

Currently, Baytex Energy Corp’s total number of outstanding shares is 821.68M. Company’s return on investment (ROI) stands at -5.58% and return on equity (ROE) at -8.01%. It has a 8.97 of forward P/E ratio. Stock’s beta reads 1.74. Stock has a price to book (P/B) ratio of 0.76 while price to sale or P/S ratio amounts to 0.91. Its return on asset (ROA) is -4.21% on average.