Indonesia Energy Corp Ltd (AMEX:INDO) shares, rose in value, with the stock price down by -6.12% to the previous day’s close as strong demand from buyers drove the stock to $4.14.
Actively observing the price movement in the last trading, the stock closed the session at $4.41. Referring to stock’s 52-week performance, its high was $6.65, and the low was $2.03. On the whole, INDO has fluctuated by 95.28% over the past month.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 1.98M, with a low estimate of 450k and a high estimate of 450k.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that INDO’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of Hold while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of INDO currently trading nearly 16.80% and 47.58% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 55.15, while the 7-day volatility ratio is showing 18.40% which for the 30-day chart, stands at 24.39%. Furthermore, Indonesia Energy Corp Ltd (INDO)’s beta value is 0.13, and its average true range (ATR) is 0.76.
A comparison of Indonesia Energy Corp Ltd (INDO) with its peers suggests the former has fared considerably weaker in the market. INDO showed an intraday change of -6.12% in last session, and over the past year, it shrunk by -12.10%%.
Data on historical trading for Indonesia Energy Corp Ltd (AMEX:INDO) indicates that the trading volumes over the past 3 months, they’ve averaged 2.02 million. According to company’s latest data on outstanding shares, there are 10.14 million shares outstanding.
Nearly 53.58% of Indonesia Energy Corp Ltd’s shares belong to company insiders and institutional investors own 0.51% of the company’s shares. The stock has risen by 52.77% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the INDO stock heading into the next quarter.
