Ring Energy Stock Price on June 21, 2024
| REI Stock | USD 1.53 0.03 2.00% |
Below is the normalized historical share price chart for Ring Energy extending back to March 29, 2007. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Ring Energy stands at 1.53, as last reported on the 1st of December, with the highest price reaching 1.55 and the lowest price hitting 1.50 during the day.
If you're considering investing in Ring Stock, it is important to understand the factors that can impact its price. Ring Energy maintains Sharpe Ratio (i.e., Efficiency) of -0.0424, which implies the firm had a -0.0424% return per unit of risk over the last 3 months. Ring Energy exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Ring Energy's Risk Adjusted Performance of (0.04), variance of 10.58, and Coefficient Of Variation of (1,490) to confirm the risk estimate we provide.
As of now, Ring Energy's Common Stock is increasing as compared to previous years. The Ring Energy's current Common Stock Shares Outstanding is estimated to increase to about 205.1 M, while Capital Stock is projected to decrease to under 126.4 K. . As of now, Ring Energy's Price Cash Flow Ratio is increasing as compared to previous years. Ring Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 10th of April 2007 | 200 Day MA 1.7318 | 50 Day MA 1.5794 | Beta 1.635 |
Ring |
Sharpe Ratio = -0.0424
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| Negative Returns | REI |
Estimated Market Risk
| 3.15 actual daily | 28 72% of assets are more volatile |
Expected Return
| -0.13 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.04 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Ring Energy is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Ring Energy by adding Ring Energy to a well-diversified portfolio.
Price Book 0.3562 | Enterprise Value Ebitda 2.4741 | Price Sales 0.8294 | Shares Float 138.3 M | Wall Street Target Price 3 |
Ring Energy Valuation on June 21, 2024
It is possible to determine the worth of Ring Energy on a given historical date. On June 21, 2024 Ring was worth 1.6 at the beginning of the trading date compared to the closed value of 1.54. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Ring Energy stock. Still, in general, we apply an absolute valuation method to find Ring Energy's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Ring Energy where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Ring Energy's related companies.
| Open | High | Low | Close | Volume | |
| 1.57 | 1.63 | 1.57 | 1.61 | 2,003,788 | |
06/21/2024 | 1.60 | 1.62 | 1.54 | 1.54 | 3,058,100 |
| 1.55 | 1.63 | 1.53 | 1.62 | 2,333,974 |
| Backtest Ring Energy | | | Ring Energy History | | | Ring Energy Valuation | Previous | Next |
Ring Energy Trading Date Momentum on June 21, 2024
| On June 24 2024 Ring Energy was traded for 1.62 at the closing time. Highest Ring Energy's price during the trading hours was 1.63 and the lowest price during the day was 1.53 . The net volume was 2.3 M. The overall trading history on the 24th of June contributed to the next trading period price growth. The trading delta at closing time to the next next day price was 5.19% . The trading delta at closing time to current price is 10.39% . |
Ring Energy Fundamentals Correlations and Trends
By evaluating Ring Energy's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Ring Energy's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Ring financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Ring Energy Stock history
Ring Energy investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Ring is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Ring Energy will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Ring Energy stock prices may prove useful in developing a viable investing in Ring Energy
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 195.4 M | 205.1 M | |
| Net Income Applicable To Common Shares | 159.4 M | 167.4 M |
Ring Energy Stock Technical Analysis
Ring Energy technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Ring Energy Period Price Range
Low | December 1, 2024
| High |
0.00 | 0.00 |
Ring Energy cannot be verified against its exchange. Please verify the symbol is currently traded on NYSE MKT Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Ring Energy December 1, 2024 Market Strength
Market strength indicators help investors to evaluate how Ring Energy stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Ring Energy shares will generate the highest return on investment. By undertsting and applying Ring Energy stock market strength indicators, traders can identify Ring Energy entry and exit signals to maximize returns
Ring Energy Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Ring Energy's price direction in advance. Along with the technical and fundamental analysis of Ring Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Ring to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.39) | |||
| Total Risk Alpha | (0.77) | |||
| Treynor Ratio | (0.18) |
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Complementary Tools for Ring Stock analysis
When running Ring Energy's price analysis, check to measure Ring Energy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Ring Energy is operating at the current time. Most of Ring Energy's value examination focuses on studying past and present price action to predict the probability of Ring Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ring Energy's price. Additionally, you may evaluate how the addition of Ring Energy to your portfolios can decrease your overall portfolio volatility.
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