Indonesia Energy Corp Ltd (AMEX: INDO) is -14.60% lower on its value in year-to-date trading and has touched a low of $2.06 and a high of $5.88 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The INDO stock was last observed hovering at around $2.38 in the last trading session, with the day’s loss setting it -0.01%.
Currently trading at $2.37, the stock is -5.95% and -10.30% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.13 million and changing -0.25% at the moment leaves the stock -21.27% off its SMA200. INDO registered -49.38% loss for a year compared to 6-month loss of -40.20%. The firm has a 50-day simple moving average (SMA 50) of $2.64668 and a 200-day simple moving average (SMA200) of $3.01532.
The stock witnessed a -16.70% gain in the last 1 month and extending the period to 3 months gives it a -21.39%, and is 10.93% 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 6.55% over the week and 6.92% over the month.
Profit margin for the company is -99.78%. Distance from 52-week low is 15.24% and -59.63% from its 52-week high. The company has generated returns on investments over the last 12 months (-23.19%).
6.0 institutions hold shares in Indonesia Energy Corp Ltd (INDO), with institutional investors hold 1.29% of the company’s shares. The shares outstanding are 13.60M, and float is at 8.17M with Short Float at 7.59%. Institutions hold 0.60% of the Float.
The top institutional shareholder in the company is COMMONWEALTH EQUITY SERVICES, LLC with over 31000.0 shares valued at $85000.0. The investor’s holdings represent 0.3056 of the INDO Shares outstanding. As of 2024-06-30, the second largest holder is UBS GROUP AG with 17746.0 shares valued at $48802.0 to account for 0.175 of the shares outstanding. The other top investors are RENAISSANCE TECHNOLOGIES LLC which holds 14378.0 shares representing 0.1418 and valued at over $39540.0, while ADVISOR GROUP HOLDINGS, INC. holds 0.0518 of the shares totaling 5250.0 with a market value of $14437.0.
