The stock of Camber Energy Inc. (AMEX:CEI) increased by $0.01 on Tuesday to finish at $0.44, up 1.42 percent. The last five days have seen an average of 2,853,520 shares of common stock traded. 3 times new highs were reached in the current year, with a fall of -$1.5839. The average number of shares traded over the last 20 days was 4,723,245, while the average volume over the last 50 days totaled 5,149,712.
CEI stock dropped -48.68% since last month. On 08/24/23, the company’s shares reached a one-month low of $0.4021. The stock touched a high of $18.30 on 01/23/23, after rallying from a low of $0.40 in 52 weeks. The price of CEI stock has declined by -78.41% or -$1.5839 this year, reaching a new high 3 times. Still, the stock price is down -97.62% from the 52-week high.
Financial Health
As far as profitability goes, gross margin for the trailing twelve months is 66.20% 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 -131.50%. 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 208.20%.
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 29 August, the RSI 9-day stood at 31.39%, suggesting the stock is Neutral, with a 83.16% historical volatility rate.
The stochastic %K and %D were 10.06% and 7.66% respectively, while the average true range (ATR) was 0.0576. Based on the 14-day stochastic reading of 11.08%, the RSI (14) reading is 35.07%. On the 9-day MACD Oscillator, the stock is at -0.0304, and the 14-day reading is at -0.0713.
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.
What is CEI’s price target for the next 12 months?
The current consensus forecast for the stock is between $39062500.00 and $39062500.00, with a median target price of $39062500.00. In analyzing these forecasts, the average price target given by analysts for Camber Energy Inc. (CEI) is $39062500.00.
