Moreover, the 36-month beta value for BATL is 1.10. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for BATL is 13.90M and currently, short sellers hold a 0.68% of that float. On April 12, 2024, BATL’s average trading volume was 117.78K shares.
BATL) stock’s latest price update
Battalion Oil Corp (AMEX: BATL)’s stock price has decreased by -21.89 compared to its previous closing price of 7.08. However, the company has seen a -12.50% decrease in its stock price over the last five trading sessions. Seeking Alpha reported 2023-11-16 that Battalion Oil secured commitments for another $55 million in preferred equity. This is expected to help fund additional development, while allowing Battalion to make its scheduled term loan repayments. Preferred equity could total $166 million by its November 2025 term loan maturity.
BATL’s Market Performance
BATL’s stock has fallen by -12.50% in the past week, with a monthly rise of 1.47% and a quarterly drop of -42.40%. The volatility ratio for the week is 6.97% while the volatility levels for the last 30 days are 5.15% for Battalion Oil Corp The simple moving average for the past 20 days is -7.88% for BATL’s stock, with a -16.77% simple moving average for the past 200 days.
Analysts’ Opinion of BATL
Many brokerage firms have already submitted their reports for BATL stocks, with ROTH MKM repeating the rating for BATL by listing it as a “Neutral.” The predicted price for BATL in the upcoming period, according to ROTH MKM is $28 based on the research report published on April 04, 2023 of the previous year 2023.
ROTH Capital, on the other hand, stated in their research note that they expect to see BATL reach a price target of $28. The rating they have provided for BATL stocks is “Buy” according to the report published on August 29th, 2022.
BATL Trading at -9.05% from the 50-Day Moving Average
After a stumble in the market that brought BATL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -42.93% of loss for the given period.
Volatility was left at 5.15%, however, over the last 30 days, the volatility rate increased by 6.97%, as shares sank -3.99% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -18.91% lower at present.
During the last 5 trading sessions, BATL fell by -12.50%, which changed the moving average for the period of 200-days by -7.37% in comparison to the 20-day moving average, which settled at $5.99. In addition, Battalion Oil Corp saw -42.46% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for BATL
Current profitability levels for the company are sitting at:
- 0.08 for the present operating margin
- 0.44 for the gross margin
The net margin for Battalion Oil Corp stands at -0.01. The total capital return value is set at 0.05. Equity return is now at value -3.99, with -0.63 for asset returns.
Based on Battalion Oil Corp (BATL), the company’s capital structure generated 0.81 points at debt to capital in total, while cash flow to debt ratio is standing at 0.06. The debt to equity ratio resting at 4.37. The interest coverage ratio of the stock is 0.52.
Currently, EBITDA for the company is 71.95 million with net debt to EBITDA at 3.27. When we switch over and look at the enterprise to sales, we see a ratio of 1.5. The receivables turnover for the company is 9.58for trailing twelve months and the total asset turnover is 0.45. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.67.
Conclusion
To wrap up, the performance of Battalion Oil Corp (BATL) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
