The trading price of Ring Energy Inc (AMEX:REI) floating higher at last check on Wednesday, July 17, closing at $2.03, 3.04% higher than its previous close.
The company’s P/E ratio in the trailing 12-month period was 5.16. In examining the 52-week price action we see that the stock hit a 52-week high of $2.43 and a 52-week low of $1.25. Over the past month, the stock has gained 25.30% in value.
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Ring Energy Inc, whose market valuation is $401.80 million at the time of this writing. Investors’ optimism about the company’s current quarter earnings report is understandable.
On the technical side, indicators suggest REI has a Hold on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 0.14, which symbolizes a positive outlook. A quick review shows that REI’s price is currently 18.09% off the SMA20 and 16.02% off the SMA50. The RSI metric on the 14-day chart is currently showing 70.13, and weekly volatility stands at 4.44%. When measured over the past 30 days, the indicator reaches 4.42%. Ring Energy Inc (AMEX:REI)’s beta value is currently sitting at 1.73, while the Average True Range indicator is currently displaying 0.08.
To see how Ring Energy Inc stock has been performing today in comparison to its peers in the industry, here are the numbers: REI stock’s performance was 3.04% at last check in today’s session, and 0.49% in the past year. Ring Energy Inc has a P/E ratio of 5.16.
An evaluation of the daily trading volume of Ring Energy Inc (AMEX:REI) indicates that the 3-month average is 1.67 million.
Currently, records show that 196.84 million of the company’s shares remain outstanding. The insiders hold 33.71% of outstanding shares, whereas institutions hold 24.52%. However, since the stock’s price has seen 39.03% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
