Indonesia Energy Corp Ltd (AMEX: INDO) is 124.35% higher on its value in year-to-date trading and has touched a low of $2.03 and a high of $5.94 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The INDO stock was last observed hovering at around $4.94 in the last trading session, with the day’s gains setting it 1.14%.
Currently trading at $6.08, the stock is 133.22% and 144.35% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 32.89 million and changing 23.08% at the moment leaves the stock 89.15% off its SMA200. INDO registered 16.70% gain for a year compared to 6-month loss of 75.22%.
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The stock witnessed a 188.15% gain in the last 1 month and extending the period to 3 months gives it a 109.66%, and is 121.09% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 40.46% over the week and 18.23% over the month.
Distance from 52-week low is 199.51% and 2.36% from its 52-week high.
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Indonesia Energy Corp Ltd (INDO) Top Institutional Holders
The shares outstanding are 10.14M, and float is at 4.71M with Short Float at 0.07%.
