So Far This Year, Ring Energy Inc. (REI) Reached A New High 1 time

As of Wednesday close, Ring Energy Inc.’s (AMEX:REI) stock was down -$0.38, moving down -10.61 percent to $3.20. The average number of shares traded per day over the past five days has been 2,767,360 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.98 fall in that time frame. In the last twenty days, the average volume was 2,552,885, while in the previous 50 days, it was 2,786,770.

Since last month, REI stock retreated -20.40%. Shares of the company fell to $3.15 on 06/22/22, the lowest level in the past month. A 52-week high of $5.09 was reached on 05/06/22 after having rallying from a 52-week low of $1.81. Since the beginning of this year, REI’s stock price has risen by 40.35% or $0.92, and marked a new high 22 times. However, the stock has declined by -37.13% since its 52-week high.

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Ring Energy Inc. (REI) last reported insider trading activity 307 days ago on Aug 20. Kruse William R, the 10% Owner of the company, purchased of 252,551 shares for $1.90 on Aug 20. It resulted in a $479,089 investment by the insider. Kruse William R added 511,501 shares at an average price of $1.93 on Aug 19. The insider now owns 12,687,183 shares following the transaction. On Jul 16, 10% Owner Kruse William R bought 600,000 shares at $2.59 apiece. The transaction was valued at $1,554,000.

Valuation Metrics

Right now, Ring Energy Inc. (REI) has a P/E ratio of about 22.38. The stock’s beta is 1.78. Besides these, the trailing price-to-sales (P/S) ratio of 1.73, the price-to-book (PB) ratio of 1.04, and the price-to-cash flow ratio of 4.80 may also be considered.

Financial Health

In the three months ended March 30, Ring Energy Inc.’s quick ratio stood at 0.40, while its current ratio was 0.40, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 0.91, and the total debt-to-equity ratio was 0.91. On the profitability front, the trailing twelve-month gross margin is 92.10% percent. In the year ended March 30, operating margins totaled 52.40%. Based on annual data, REI earned $95.76 million in gross profit and brought in $196.31 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 16.20%. Return on equity (ROE) for the past 12 months was 10.30%.

In Ring Energy Inc.’s quarter-end financial report for March 30, it reported total debt of $280.0 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. REI’s revenue rose 42.07% to $59.67 million during the quarter, while net income inched up to $68.18 million. While analysts expected Ring Energy Inc. to report $0.19 quarterly earnings, the actual figure was $0.06 per share, beating the consensus estimate by -68.40%. During the quarter, the company generated $48.17 million in EBITDA. The liabilities of Ring Energy Inc. were 394.8 million at the end of its most recent quarter ended March 30, and its total debt was $282.12 million. The value of shareholders’ equity is $106.7 million.

Technical Picture

This quick technical analysis looks at Ring Energy Inc.’s (REI) price momentum. With a historical volatility rate of 65.89%, the RSI 9-day stood at 19.83% on 22 June.

With respect to its five-day moving average, the current Ring Energy Inc. price is down by -23.44% percent or -$0.98. At present, REI shares trade -23.08% below its 20-day simple moving average and +24.51% percent above its 100-day simple moving average. However, the stock is currently trading approximately -20.60% below its SMA50 and +28.00% above its SMA200.

Stochastic coefficient K was 3.34% and Stochastic coefficient D was 2.83%, while ATR was 0.32. Given the Stochastic reading of 2.87% for the 14-day period, the RSI (14) reading has been calculated as 27.80%. As of today, the MACD Oscillator reading stands at -0.55, while the 14-day reading stands at -0.80.

Analyst Ratings

ROTH Capital upgraded its rating on Ring Energy Inc. (AMEX: REI) to a Buy in a note to investors on October 14, 2021. The analysts firm previously had a Neutral rating on the stock.Ring Energy Inc. (REI) has been rated Overweight by analysts. According to 0 brokerage firms, REI is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Ring Energy Inc. stock as buy, with 2 recommending it as overweight.


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