With 2.97 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.91 million shares. During the session, the Oil & Gas E&P company that operates in wider Energy sector, reached to the highest price of $1.6300 whereas the lowest price it dropped to was $1.4900. The 52-week range on REI shows that it touched its highest point at $2.43 and its lowest point at $1.25 during that stretch. It currently has a 1-year price target of $3.00. Beta for the stock currently stands at 1.73.
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 REI was up-trending over the past week, with a rise of 12.59%, but this was up by 21.97% over a month. Three-month performance surged to 6.62% while six-month performance fell -16.15%. The stock lost -19.10% in the past year, while it has gained 10.27% so far this year. A look at the trailing 12-month EPS for REI yields 0.54 with Next year EPS estimates of 0.49. For the next quarter, that number is 0.10. This implies an EPS growth rate of -14.22% for this year and 11.24% for next year. EPS is expected to grow by 37.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 29.41%.
Float and Shares Shorts:
At present, 196.84 million REI shares are outstanding with a float of 172.33 million shares on hand for trading. On Feb 15, 2024, short shares totaled 13.95 million, which was 7.13% higher than short shares on Jan 12, 2024. In addition to REIT as the firm’s REIT, GREI serves as its Goldman Sachs Future Real Estat.
Institutional Ownership:
Through their ownership of 47.70% of REI’s outstanding shares, institutional investors have minority control over the company.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for REI 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.
