The stock of Camber Energy Inc. (AMEX:CEI) decreased by -$0.07 on Monday to finish at $0.59, down -10.15 percent. The last five days have seen an average of 3,931,440 shares of common stock traded. 3 times new highs were reached in the current year, with a fall of -$1.4252. The average number of shares traded over the last 20 days was 8,254,625, while the average volume over the last 50 days totaled 4,448,014.
CEI stock dropped -25.05% since last month. On 08/14/23, the company’s shares reached a one-month low of $0.5911. The stock touched a high of $20.60 on 01/23/23, after rallying from a low of $0.60 in 52 weeks. The price of CEI stock has declined by -70.55% or -$1.4252 this year, reaching a new high 3 times. Still, the stock price is down -97.11% from the 52-week high.
Financial Health
For the recent quarter, Camber Energy Inc.’s quick ratio was 0.10, while its current ratio was 0.10, indicating its inability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 69.90% percent. Based on annual data, it had gross profit of -$4.38 million and revenue of $0.6 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. CEI’s return on assets (ROA) during the last 12 months has been -111.90%. There was a -26.10% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 170.90%.
Earnings Surprise
A lower net income was reported in the quarter under review than the previous quarter. EBITDA was -$1.27 million for the quarter. At the end of Camber Energy Inc.’s most recent quarter, its liabilities totaled 46.66 million, while its total debt was $14.82 million. Equity owned by shareholders amounts to $88.45 million.
Technical Picture
Here’s a quick look at Camber Energy Inc.’s (CEI) price momentum from a technical perspective. As of 14 August, the RSI 9-day stood at 35.23%, suggesting the stock is Neutral, with a 129.91% historical volatility rate.
The stochastic %K and %D were 4.69% and 3.97% respectively, while the average true range (ATR) was 0.0946. Based on the 14-day stochastic reading of 0.77%, the RSI (14) reading is 39.23%. On the 9-day MACD Oscillator, the stock is at -0.0976, and the 14-day reading is at -0.1381.
Analyst Ratings
Analysts have assigned Camber Energy Inc. (CEI) an Sell rating. CEI is a stock that is recommended for selling by 1 brokerage firm, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 0 others recommend it as a buy.
