Indonesia Energy Corp Ltd (AMEX:INDO) price on Thursday, April 18, rose 7.65% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $4.08.
A look at the stock’s price movement, the close in the last trading session was $3.79. The beta value (5-Year monthly) was 0.44. Turning to its 52-week performance, $6.65 and $2.03 were the 52-week high and 52-week low respectively. Overall, INDO moved 77.39% over the past month.
Indonesia Energy Corp Ltd’s market cap currently stands at around $41.37 million.
Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that INDO is a 50% Buy. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
INDO’s current price about 36.41% and 55.38% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 57.79, while 7-day volatility ratio is 49.09% and 21.25% in the 30-day chart. Further, Indonesia Energy Corp Ltd (INDO) has a beta value of 0.17, and an average true range (ATR) of 0.74.
If we refocus on Indonesia Energy Corp Ltd (AMEX:INDO), historical trading data shows that trading volumes averaged 1.62 million over the past 3 months. The company’s latest data on shares outstanding shows there are 10.14 million shares.
The 53.58% of Indonesia Energy Corp Ltd’s shares are in the hands of company insiders while institutional holders own 0.51% of the company’s shares. Current price change has pushed the stock 50.55% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the INDO stock continues to rise going into the next quarter.
