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Camber Energy Inc. (AMEX: CEI) Stock Price Forecast: $100

Camber Energy Inc. (AMEX:CEI) shares, rose in value on Friday, August 05, with the stock price up by 0.25% to the previous day’s close as strong demand from buyers drove the stock to $0.36.

Actively observing the price movement in the recent trading, the stock is buoying the session at $0.35, falling within a range of $0.35 and $0.37. The value of beta (5-year monthly) is -1.93. Referring to stock’s 52-week performance, its high was $4.85, and the low was $0.33. On the whole, CEI has fluctuated by -4.27% over the past month.

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With the market capitalization of Camber Energy Inc. currently standing at about $141.68 million, investors are eagerly awaiting this quarter’s results, scheduled for Aug 14, 2020.

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 CEI’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.

The stock’s technical analysis shows that the PEG ratio is about 0, with the price of CEI currently trading nearly -8.07% and -23.47% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 34.11, while the 7-day volatility ratio is showing 4.15% which for the 30-day chart, stands at 5.90%. Furthermore, Camber Energy Inc. (CEI)’s beta value is -1.87, and its average true range (ATR) is 0.02.

Data on historical trading for Camber Energy Inc. (AMEX:CEI) indicates that the trading volumes over the past 10 days have averaged 21.04 million and over the past 3 months, they’ve averaged 22.66 million. According to company’s latest data on outstanding shares, there are 309.99 million shares outstanding.

Nearly 0.69% of Camber Energy Inc.’s shares belong to company insiders and institutional investors own 5.50% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 38.02 million shares as on Jul 14, 2022, resulting in a short ratio of 2.22. According to the data, the short interest in Camber Energy Inc. (CEI) stood at 9.18% of shares outstanding as of Jul 14, 2022; the number of short shares registered in Jun 14, 2022 reached 31.53 million. The stock has fallen by -58.33% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CEI stock heading into the next quarter.

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