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.
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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 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.
Institutional Ownership:
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.
Analysts Ratings:
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.
