HighPeak Energy Inc (NASDAQ:HPK) saw an upside of 4.45% to $17.61 after adding $0.75 on Monday. The 5-day average trading volume is 959,350 shares of the company’s common stock. It has gained $17.74 in the past week and touched a new high 2 times within the past 5 days. An average of 640,077 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 597,771.
HPK’s 1-month performance is 32.61% or $3.89 on its low of $13.68 reached on 08/29/23. The company’s shares have touched a 52-week low of $10.44 and high of $30.15, with the stock’s rally to the 52-week high happening on 01/26/23. YTD, HPK has lost -23.00% or -$5.33 and has reached a new high 9 times. However, the current price is down -41.59% from the 52-week high price.
Top 5 AI Stocks to Buy for 2023
The artificial intelligence (AI) revolution is already here. And it's about to change everything we know about everything.
According to Grand View Research, the global AI boom could grow from about $137 billion in 2022 to more than $1.81 trillion by 2030. And investors like you always want to get in on the hottest stocks of tomorrow. Here are five of the best ways to profit from the AI boom.
Click Here to Download the FREE Report.
Sponsored
Valuation Metrics
HPK stock has a beta of 0.70. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.44 while the price-to-book (PB) in the most recent quarter is 1.59.
HighPeak Energy Inc’s quick ratio for the period ended June 29 was 0.12, with the current ratio over the same period at 0.13. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.18, while the total debt to equity was 0.78. In terms of profitability, the gross margin trailing 12 months is 49.92%. The trailing 12-month EBITDA margin is 79.49% while for the period ending June 29, HighPeak Energy Inc’s operating margin was 46.00%. The firm’s gross profit as reported stood at $647.65 million against revenue of $755.69 million.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -143.67% to $31.83 million, while revenue of $50.26 million was -57.9% off the previous quarter. Analysts expected HPK to announce $0.45 per share in earnings in its latest quarter, but it posted $0.25, representing a -44.40% surprise. EBITDA for the quarter stood at more than $185.34 million. HPK stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 1.53 billion, with total debt at $973.9 million. Shareholders hold equity totaling $128.22 million.
Let’s look briefly at HighPeak Energy Inc (HPK) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 September was 72.53% to suggest the stock is trending Overbought, with historical volatility in this time period at 42.52%.
The stock’s 5-day moving average is $16.68, reflecting a +6.80% or $1.12 change from its current price. HPK is currently trading +28.47% above its 20-day SMA, -0.36% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +42.45% and SMA200 by-19.74%.
Stochastic %K and %D was 72.78% and 71.44% and the average true range (ATR) pointed at 0.93. The RSI (14) points at 68.61%, while the 14-day stochastic is at 93.39% with the period’s ATR at 0.90. The stock’s 9-day MACD Oscillator is pointing at 0.45 and 0.87 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for HighPeak Energy Inc (NASDAQ: HPK), Truist launched coverage with a Sell rating. Analysts offering their rating for HPK stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate HPK as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 2 have offered a “buy” rating.
What is HPK’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $5.00 and a high of $34.20, with their median price target at $25.00. Looking at these predictions, the average price target given by analysts is for HighPeak Energy Inc (HPK) stock is $21.40.
