Indonesia Energy Corp Ltd (AMEX:INDO) shares, rose in value on Friday, October 11, with the stock price down by -5.98% to the previous day’s close as strong demand from buyers drove the stock to $4.65.
Actively observing the price movement in the recent trading, the stock is buoying the session at $4.95, falling within a range of $4.54 and $4.97. The value of beta (5-year monthly) is 0.049. Referring to stock’s 52-week performance, its high was $6.65, and the low was $2.03. On the whole, INDO has fluctuated by 78.31% over the past month.
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With the market capitalization of Indonesia Energy Corp Ltd currently standing at about $47.47 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2022-May-02.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 1.98M, with a low estimate of 450k and a high estimate of 450k.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that INDO’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 50% Buy.
The price of INDO currently trading nearly 36.33% and 42.25% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 64.18, while the 7-day volatility ratio is showing 19.67% which for the 30-day chart, stands at 14.17%. Furthermore, Indonesia Energy Corp Ltd (INDO)’s beta value is -0.01, and its average true range (ATR) is 0.55.
A comparison of Indonesia Energy Corp Ltd (INDO) with its peers suggests the former has fared considerably weaker in the market. INDO showed an intraday change of -5.98% in today’s session so far, and over the past year, it grew by 31.84%%.
Data on historical trading for Indonesia Energy Corp Ltd (AMEX:INDO) indicates that the trading volumes over the past 10 days have averaged 19.72 and over the past 3 months, they’ve averaged 5.60 million. According to company’s latest data on outstanding shares, there are 10.14 million shares outstanding.
Nearly 53.26% of Indonesia Energy Corp Ltd’s shares belong to company insiders and institutional investors own 0.70% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 0.47 million shares as on 2024-09-30, resulting in a short ratio of 1.02. According to the data, the short interest in Indonesia Energy Corp Ltd (INDO) stood at 993.00 of shares outstanding as of 2024-09-30; the number of short shares registered in 2024-08-30 reached 0.23 million. The stock has risen by 71.73% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the INDO stock heading into the next quarter.
