Camber Energy Inc. (AMEX: CEI) stock fell -2.70% on Tuesday to $1.08 against a previous-day closing price of $1.11. With 0.76 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.69 million shares. During the session, the Oil & Gas E&P company that operates in wider Energy sector, reached to the highest price of $1.1200 whereas the lowest price it dropped to was $1.0600. The 52-week range on CEI shows that it touched its highest point at $37.50 and its lowest point at $1.08 during that stretch. Beta for the stock currently stands at -1.34.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CEI was down-trending over the past week, with a drop of -4.42%, but this was down by -23.40% over a month. Three-month performance dropped to -38.64% while six-month performance fell -82.72%. The stock lost -97.23% in the past year, while it has lost -46.53% so far this year.
Float and Shares Shorts:
At present, 22.63 million CEI shares are outstanding with a float of 20.41 million shares on hand for trading. On Apr 27, 2023, short shares totaled 1.95 million, which was 9.73% higher than short shares on Mar 30, 2023. In addition to Mr. James A. Doris as the firm’s Chairman of Directors & CEO, Mr. Frank W. Barker Jr., CPA serves as its CFO & Treasurer.
Through their ownership of 5.67% of CEI’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 2.89% of CEI, in contrast to 1.84% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in CEI with 1.72% of the stake, The Vanguard Group, Inc. holds 343,729 shares worth 343,729. A second-largest stockholder of CEI, BlackRock Fund Advisors, holds 142,069 shares, controlling over 0.71% of the firm’s shares. Geode Capital Management LLC is the third largest shareholder in CEI, holding 74,820 shares or 0.37% stake. With a 1.66% stake in CEI, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 332,002 shares are owned by the mutual fund manager. The Vanguard Extended Market Index Fu, which owns about 0.81% of CEI stock, is the second-largest Mutual Fund holder. It holds 161,044 shares valued at 0.23 million. Fidelity Extended Market Index Fu holds 0.23% of the stake in CEI, owning 44,972 shares worth 62961.0.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, CEI reported revenue of $171.65k and operating income of -$969.21k. The EBITDA in the recently reported quarter was -$2.00M and diluted EPS was $0.50.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CEI since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With CEI analysts setting a high price target of $39,062,500.00 and a low target of $39,062,500.00, the average target price over the next 12 months is $39,062,500.00. Based on these targets, CEI could surge 3616898048.15% to reach the target high and rise by 3616898048.15% to reach the target low. Reaching the average price target will result in a growth of 3616898048.15% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Summary of Insider Activity:
Insiders traded CEI stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has remained unchanged to 0 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 0 while 0 shares were sold.