Ring Energy Inc (AMEX:REI) shares, rose in value on Wednesday, March 26, with the stock price up by 6.09% to the previous day’s close as strong demand from buyers drove the stock to $1.22.
Actively observing the price movement in the last trading, the stock closed the session at $1.15, falling within a range of $1.15 and $1.2296. The value of beta (5-year monthly) was 1.425 whereas the PE ratio was 3.63 over 12-month period. Referring to stock’s 52-week performance, its high was $2.20, and the low was $1.05. On the whole, REI has fluctuated by -3.94% over the past month.
With the market capitalization of Ring Energy Inc currently standing at about $243.95 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Mar-04.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 375.06M, with a low estimate of 77.09M and a high estimate of 89.2M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 82.76M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that REI’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of REI currently trading nearly 2.87% and -5.60% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 49.58, while the 7-day volatility ratio is showing 4.61% which for the 30-day chart, stands at 5.31%. Furthermore, Ring Energy Inc (REI)’s beta value is 1.08, and its average true range (ATR) is 0.06.
A comparison of Ring Energy Inc (REI) with its peers suggests the former has fared considerably weaker in the market. REI showed an intraday change of 6.09% in last session, and over the past year, it shrunk by -34.41%%.
Data on historical trading for Ring Energy Inc (AMEX:REI) indicates that the trading volumes over the past 10 days have averaged 1.47 and over the past 3 months, they’ve averaged 1.84 million. According to company’s latest data on outstanding shares, there are 198.56 million shares outstanding.
Nearly 26.78% of Ring Energy Inc’s shares belong to company insiders and institutional investors own 32.76% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 12.99 million shares as on 2025-03-14, resulting in a short ratio of 6.01. According to the data, the short interest in Ring Energy Inc (REI) stood at 873.00 of shares outstanding as of 2025-03-14; the number of short shares registered in 2025-02-14 reached 11.69 million. The stock has fallen by -10.29% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the REI stock heading into the next quarter.
