HighPeak Energy Inc. (NASDAQ:HPK) shares, rose in value on Friday, 05/13/22, with the stock price up by 5.15% to the previous day’s close as strong demand from buyers drove the stock to $30.83.
Actively observing the price movement in the last trading, the stock closed the session at $29.32, falling within a range of $29.55 and $31.00. The value of beta (5-year monthly) was 0.86 whereas the PE ratio was 54.57 over 12-month period. Referring to stock’s 52-week performance, its high was $38.21, and the low was $7.60. On the whole, HPK has fluctuated by 6.94% over the past month.
With the market capitalization of HighPeak Energy Inc. currently standing at about $3.24 billion, investors are eagerly awaiting this quarter’s results, scheduled for Mar 14, 2022 – Mar 18, 2022. The company’s Forward Dividend Ratio is 0.10, with its dividend yield at 0.32%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.38, which is expected to increase to $0.59 for fiscal year $0.67 and then to about $2.9 by fiscal year 2022.
Analysts have estimated the company’s revenue for the quarter at $85.06 million, with a low estimate of $79.82 million and a high estimate of $90.3 million.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that HPK’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of HPK currently trading nearly 1.46% and 21.38% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 57.65, while the 7-day volatility ratio is showing 8.83% which for the 30-day chart, stands at 11.01%. Furthermore, HighPeak Energy Inc. (HPK)’s beta value is 0.59, and its average true range (ATR) is 2.89.
Data on historical trading for HighPeak Energy Inc. (NASDAQ:HPK) indicates that the trading volumes over the past 10 days have averaged 0.47 million and over the past 3 months, they’ve averaged 457.11K. According to company’s latest data on outstanding shares, there are 94.56 million shares outstanding.
Nearly 2.40% of HighPeak Energy Inc.’s shares belong to company insiders and institutional investors own 7.20% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 0.17 million shares as on Jan 30, 2022, resulting in a short ratio of 2.31. According to the data, the short interest in HighPeak Energy Inc. (HPK) stood at 0.18% of shares outstanding as of Jan 30, 2022; the number of short shares registered in Dec 30, 2021 reached 90990.0. The stock has risen by 110.59% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the HPK stock heading into the next quarter.