As of Thursday close, Camber Energy Inc.’s (AMEX:CEI) stock was up $0.01, moving up 2.50 percent to $0.49. The average number of shares traded per day over the past five days has been 5,729,840 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.1278 fall in that time frame. In the last twenty days, the average volume was 8,899,825, while in the previous 50 days, it was 4,775,816.
Since last month, CEI stock retreated -42.79%. Shares of the company fell to $0.4600 on 08/16/23, the lowest level in the past month. A 52-week high of $20.60 was reached on 01/23/23 after having rallying from a 52-week low of $0.46. Since the beginning of this year, CEI’s stock price has dropped by -75.64% or -$1.5280, and marked a new high 3 times. However, the stock has declined by -97.61% since its 52-week high.
Financial Health
In the recent quarter, Camber Energy Inc.’s quick ratio stood at 0.10, while its current ratio was 0.10, showing that the company is not able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 69.90% percent. Based on annual data, CEI earned -$4.38 million in gross profit and brought in $0.6 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 -26.10%. Return on equity (ROE) for the past 12 months was 170.90%.
According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. During the quarter, the company generated -$1.27 million in EBITDA. The liabilities of Camber Energy Inc. were 46.66 million at the end of its most recent quarter, and its total debt was $14.82 million. The value of shareholders’ equity is $88.45 million.
Technical Picture
This quick technical analysis looks at Camber Energy Inc.’s (CEI) price momentum. With a historical volatility rate of 82.59%, the RSI 9-day stood at 30.27% on 17 August.
With respect to its five-day moving average, the current Camber Energy Inc. price is down by -20.62% percent or -$0.1278. At present, CEI shares trade -38.17% below its 20-day simple moving average and -62.15% percent below its 100-day simple moving average. However, the stock is currently trading approximately -53.58% below its SMA50 and -93.50% below its SMA200.
Stochastic coefficient K was 3.31% and Stochastic coefficient D was 3.21%, while ATR was 0.0882. Given the Stochastic reading of 5.25% for the 14-day period, the RSI (14) reading has been calculated as 35.48%. As of today, the MACD Oscillator reading stands at -0.1014, while the 14-day reading stands at -0.1950.
Analyst Ratings
Camber Energy Inc. (CEI) has been rated Sell by analysts. According to 1 brokerage firm, CEI is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Camber Energy Inc. stock as buy, with 0 recommending it as overweight.
With a median target price of $39062500.00, the current consensus forecast for the stock is $39062500.00 – $39062500.00. Based on these forecasts, analysts predict Camber Energy Inc. (CEI) will achieve an average price target of $39062500.00.
