The $4.95 Value Of Indonesia Energy Corp Ltd (AMEX: INDO) Should Not Be Underestimated

During the last session, Indonesia Energy Corp Ltd (AMEX:INDO)’s traded shares were 4.3 million, with the beta value of the company hitting 0.01. At the end of the trading day, the stock’s price was $4.95, reflecting an intraday gain of 8.08% or $0.37. The 52-week high for the INDO share is $6.65, that puts it down -34.34 from that peak though still a striking 58.99% gain since the share price plummeted to a 52-week low of $2.03. The company’s market capitalization is $50.49M, and the average intraday trading volume over the past 10 days was 19.72 million shares, and the average trade volume was 5.54 million shares over the past three months.

Indonesia Energy Corp Ltd (INDO) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.00. INDO has a Sell rating from 0 analyst(s) out of 2 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 2 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.

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Indonesia Energy Corp Ltd (AMEX:INDO) trade information

Indonesia Energy Corp Ltd (INDO) registered a 8.08% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 8.08% in intraday trading to $4.95, hitting a weekly high. The stock’s 5-day price performance is 12.76%, and it has moved by 86.09% in 30 days. Based on these gigs, the overall price performance for the year is 28.24%. The short interest in Indonesia Energy Corp Ltd (AMEX:INDO) is 0.47 million shares and it means that shorts have 1.02 day(s) to cover.

The consensus price target of analysts on Wall Street is $11, which implies an increase of 55.0% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $11 and $11 respectively. As a result, INDO is trading at a discount of -122.22% off the target high and -122.22% off the low.

Indonesia Energy Corp Ltd (INDO) estimates and forecasts

In the rating firms’ projections, revenue will decrease -52.60% compared to the previous financial year.

INDO Dividends

Indonesia Energy Corp Ltd is due to release its next quarterly earnings in November. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

The next largest institutional holding, with 17746.0 shares, is of UBS GROUP AG’s that is approximately 0.175% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $48802.0.