Ring Energy Inc (AMEX:REI) currently has a daily average trading volume of 3.14M but it saw 2930680 shares traded in last market. With a market cap of 160.39M USD, the company’s current market price of $0.78 came rising about 0.86 while comparing to the previous closing price of $0.77. In past 52 weeks, the stock remained buoying in the range of price level as high as $2.06 and as low as $0.72. In the recent trading on the day, stock has struck highest price mark of $0.7611 while lowest mark touched by it was $0.7923.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the ROTH Capital which downgraded the stock as “Neutral” in its note to investors issued on August 01, 2022, recommending a price target of between $4.90 and $7.50 for it. ROTH Capital upgraded its recommendation for the stock as a “Buy” from “Neutral” on October 14, 2021 while assigning a price target of $4.75.
Over the week, REI’s stock price is moving -9.87% down while it is -1.70% when we observe its performance for the past one month. Year-to-date it is -52.06% down and over the past year, the stock is showing a downside performance of -42.90%.
Currently, Ring Energy Inc’s total number of outstanding shares is 206.51M with 10.45% of that held by the insiders while 42.42% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 5.31% and return on equity (ROE) at 8.52%. It has a price to earnings ratio (P/E ratio) of 2.19 while having a 2.77 of forward P/E ratio. Stock’s beta reads 0.77. Stock has a price to book (P/B) ratio of 0.18 while price to sale or P/S ratio amounts to 0.46. Its return on asset (ROA) is 4.92% on average.
