Indonesia Energy Corp Ltd (AMEX: INDO)’s stock price has dropped by -0.97 in relation to previous closing price of 4.12. Nevertheless, the company has seen a gain of 3.55% in its stock price over the last five trading days. benzinga.com reported 2024-07-29 that The most oversold stocks in the energy sector presents an opportunity to buy into undervalued companies. `
Is It Worth Investing in Indonesia Energy Corp Ltd (AMEX: INDO) Right Now?
The 36-month beta value for INDO is at 0.02. Analysts have varying views on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for INDO is 4.77M, and currently, shorts hold a 9.92% of that float. The average trading volume for INDO on October 24, 2024 was 5.75M shares.
INDO’s Market Performance
The stock of Indonesia Energy Corp Ltd (INDO) has seen a 3.55% increase in the past week, with a 60.00% rise in the past month, and a 92.45% gain in the past quarter. The volatility ratio for the week is 8.44%, and the volatility levels for the past 30 days are at 15.50% for INDO. The simple moving average for the past 20 days is -0.86% for INDO’s stock, with a 33.88% simple moving average for the past 200 days.
Analysts’ Opinion of INDO
Many brokerage firms have already submitted their reports for INDO stocks, with Noble Capital Markets repeating the rating for INDO by listing it as a “Outperform.” The predicted price for INDO in the upcoming period, according to Noble Capital Markets is $15 based on the research report published on June 24, 2022 of the previous year 2022.
Noble Capital Markets, on the other hand, stated in their research note that they expect to see INDO reach a price target of $8. The rating they have provided for INDO stocks is “Outperform” according to the report published on March 25th, 2021.
Aegis Capital gave a rating of “Buy” to INDO, setting the target price at $10 in the report published on February 12th of the previous year.
INDO Trading at 20.45% from the 50-Day Moving Average
After a stumble in the market that brought INDO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -38.65% of loss for the given period.
Volatility was left at 15.50%, however, over the last 30 days, the volatility rate increased by 8.44%, as shares surge +67.90% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.03% upper at present.
During the last 5 trading sessions, INDO rose by +3.55%, which changed the moving average for the period of 200-days by +44.68% in comparison to the 20-day moving average, which settled at $4.12. In addition, Indonesia Energy Corp Ltd saw 50.55% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for INDO
Current profitability levels for the company are sitting at:
- -0.97 for the present operating margin
- 0.18 for the gross margin
The net margin for Indonesia Energy Corp Ltd stands at -0.7. The total capital return value is set at -0.16.
Based on Indonesia Energy Corp Ltd (INDO), the company’s capital structure generated 0.07 points at debt to capital in total, while cash flow to debt ratio is standing at -2.11.
Currently, EBITDA for the company is -3.42 million with net debt to EBITDA at 0.43. When we switch over and look at the enterprise to sales, we see a ratio of 15.67. The receivables turnover for the company is 2.93for trailing twelve months and the total asset turnover is 0.15. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.77.
Conclusion
In conclusion, Indonesia Energy Corp Ltd (INDO) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. 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.
