Camber Energy Inc (AMEX: CEI) stock fell -1.20% on Monday to $0.30 against a previous-day closing price of $0.31. With 1.1 million shares changed hands, the volume of the stock remained lighter than its average volume of 5.98 million shares. During the session, the Oil & Gas E&P company that operates in wider Energy sector, reached to the highest price of $0.3135 whereas the lowest price it dropped to was $0.3005. The 52-week range on CEI shows that it touched its highest point at $7.45 and its lowest point at $0.20 during that stretch. It currently has a 1-year price target of $1.00. Beta for the stock currently stands at -1.34.
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 up-trending over the past week, with a rise of 2.29%, but this was down by -23.38% over a month. Three-month performance dropped to -35.76% while six-month performance fell -72.67%. The stock lost -95.28% in the past year, while it has lost -84.98% so far this year.
Float and Shares Shorts:
At present, 107.53 million CEI shares are outstanding with a float of 103.33 million shares on hand for trading. On Oct 30, 2023, short shares totaled 2.12 million, which was 1.97% higher than short shares on Sep 28, 2023. In addition to Mr. James Andrew Doris as the firm’s Chairman, President & CEO, Mr. John McVicar serves as its Chief Financial Officer.
Other institutions hold 3.82% of CEI, in contrast to 1.32% held by mutual funds. Shares owned by individuals account for 1.18%. As the largest shareholder in CEI with 0.59% of the stake, The Vanguard Group, Inc. holds 635,720 shares worth 635,720. A second-largest stockholder of CEI, Millennium Management LLC, holds 437,220 shares, controlling over 0.41% of the firm’s shares. Geode Capital Management LLC is the third largest shareholder in CEI, holding 398,253 shares or 0.37% stake. With a 0.43% stake in CEI, the Vanguard Extended Market Index Fu is the largest stakeholder. A total of 461,110 shares are owned by the mutual fund manager. The Fidelity Extended Market Index Fu, which owns about 0.34% of CEI stock, is the second-largest Mutual Fund holder. It holds 366,993 shares valued at 0.13 million. Vanguard Total Stock Market ETF holds 0.31% of the stake in CEI, owning 332,001 shares worth 0.12 million.
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 13020833233.33% to reach the target high and rise by 13020833233.33% to reach the target low. Reaching the average price target will result in a growth of 13020833233.33% from current levels.
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 increased to 2 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 3,885,078 while 0 shares were sold.