The trading price of HighPeak Energy Inc (NASDAQ:HPK) closed higher on Friday, May 23, and closing at $9.37, 2.52% higher than its previous close.
The company’s P/E ratio in the trailing 12-month period was 10.65. In examining the 52-week price action we see that the stock hit a 52-week high of $17.48 and a 52-week low of $7.82. Over the past month, the stock has lost -0.85% in value.
HighPeak Energy Inc, whose market valuation is $1.18 billion at the time of this writing, is expected to release its quarterly earnings report in June. The dividend yield on the company stock is 1.71%, while its Forward Dividend ratio is 0.16. Investors’ optimism about the company’s current quarter earnings report is understandable.
On the technical side, indicators suggest HPK has a 50% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Sell, while an average of long term indicators suggests that the stock is currently 100% Sell.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 1.44, which symbolizes a positive outlook. A quick review shows that HPK’s price is currently 3.36% off the SMA20 and -7.15% off the SMA50. The RSI metric on the 14-day chart is currently showing 48.66, and weekly volatility stands at 2.73%. When measured over the past 30 days, the indicator reaches 4.31%. HighPeak Energy Inc (NASDAQ:HPK)’s beta value is currently sitting at 1.03, while the Average True Range indicator is currently displaying 0.55. With analysts defining $12-$12 as the low and high price targets, we arrive at a consensus price target of $12 for the trailing 12-month period. The current price is about -28.07% off the estimated low and -28.07% off the forecast high, based on this estimate. Investors will be thrilled if HPK’s share price rises to $12, which is the median consensus price. At that level, HPK’s share price would be -28.07% below current price.
To see how HighPeak Energy Inc stock has been performing in comparison to its peers in the industry, here are the numbers: HPK stock’s performance was 2.52% in the latest trading, and -38.11% in the past year. HighPeak Energy Inc has a P/E ratio of 10.65.
An evaluation of the daily trading volume of HighPeak Energy Inc (NASDAQ:HPK) indicates that the 3-month average is 349.05K.
Currently, records show that 126.07 million of the company’s shares remain outstanding. The insiders hold 85.30% of outstanding shares, whereas institutions hold 20.45%. However, since the stock’s price has seen -36.26% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
