Ring Energy Inc (AMEX:REI) traded at $1.43 at close of the session on Monday, January 06 and made a downward move of -0.69% on its previous day’s price.
Looking at the stock we see that its previous close was $1.44 and the beta (5Y monthly) reads 1.635 with the day’s price range being $1.425 – $1.55. The company has a trailing 12-month PE ratio of 2.53. In terms of its 52-week price range, REI has a high of $2.20 and a low of $1.21. The company’s stock has lost about -2.05% over that past 30 days.
Ring Energy Inc has a market cap of $291.52 million and is expected to release its quarterly earnings report in February.
On the other hand, looking at the outlook for the REI stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 100% Sell.
Looking further, we note that the PEG ratio for the REI stock currently stands at 0.07, and the current price level is 6.60% off its SMA20 and -1.72% from its 50-day simple moving average. The RSI (14) is pointing at 55.39 while the volatility over the past week is 6.96% and jumps to 5.08% over the past one month. The beta value is 1.57, while the average true range (ATR) is currently pointing at 0.07.
Coming back to Ring Energy Inc (AMEX:REI), we note that the average 3-month trading volume was 1.94 million, while that of the preceding 10-day period stands at 2.18 million. Current shares outstanding are 198.20 million.
The insiders hold 28.71% of the company’s shares while institutions hold 31.76%. The data shows that short shares as of 2024-12-13, stood at 12.64 million at a short ratio of 7.84. This represents a 860.00 short interest in shares outstanding on 2024-12-13. Shares short fall in December from the previous month at 13.9 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 5.15% up in year-to-date price movement.
