These Numbers Show Favorable Signs for Indonesia Energy Corp Ltd (INDO)

Indonesia Energy Corp Ltd (AMEX: INDO) is 43.53% higher 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 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 $5.18 in the last trading session, with the day’s loss setting it -1.19%.

Currently trading at $3.99, the stock is 41.77% and 57.75% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 10.32 million and changing -22.97% at the moment leaves the stock 34.65% off its SMA200. INDO registered 48.33% gain for a year compared to 6-month loss of 40.99%.

The stock witnessed a 72.73% gain in the last 1 month and extending the period to 3 months gives it a 37.59%, and is 47.78% 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 26.80% over the week and 11.84% over the month.

Indonesia Energy Corp Ltd (INDO) has around 73 employees, a market worth around $55.50M and $2.67M in sales. Profit margin for the company is -237.81%. Distance from 52-week low is 93.69% and -32.14% from its 52-week high. The company has generated returns on investments over the last 12 months (-34.26%).

Indonesia Energy Corp Ltd (INDO) Top Institutional Holders

The shares outstanding are 13.91M, and float is at 8.32M with Short Float at 5.66%.

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.