When Will Indonesia Energy Corp Ltd. (INDO) Be Worth Investing In?

Indonesia Energy Corp Ltd (AMEX:INDO) has a beta value of -0.01 and has seen 2.67 million shares traded in the last trading session. The company, currently valued at $48.96M, closed the last trade at $4.80 per share which meant it lost -$0.15 on the day or -3.03% during that session. The INDO stock price is -38.54% off its 52-week high price of $6.65 and 57.71% above the 52-week low of $2.03. If we look at the company’s 10-day average daily trading volume, we find that it stood at 19.92 million shares traded. The 3-month trading volume is 5.60 million shares.

The consensus among analysts is that Indonesia Energy Corp Ltd (INDO) is Buy stock at the moment, with a recommendation rating of 1.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 2 have rated it as a Hold, with 2 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

Indonesia Energy Corp Ltd (AMEX:INDO) trade information

Sporting -3.03% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the INDO stock price touched $4.80 or saw a rise of 18.37%. Year-to-date, Indonesia Energy Corp Ltd shares have moved 77.12%, while the 5-day performance has seen it change 11.89%. Over the past 30 days, the shares of Indonesia Energy Corp Ltd (AMEX:INDO) have changed 83.91%. Short interest in the company has seen 0.47 million shares shorted with days to cover at 1.02.

Wall Street analysts have a consensus price target for the stock at $11, which means that the shares’ value could jump 56.36% from current levels. The projected low price target is $11.0 while the price target rests at a high of $11.0. In that case, then, we find that the current price level is -129.17% off the targeted high while a plunge would see the stock gain -129.17% from current levels.

Indonesia Energy Corp Ltd (INDO) estimates and forecasts

The company’s shares have lost -2.83% over the past 6 months. Revenue growth from the last financial year stood is estimated to be -52.60%.

INDO Dividends

Indonesia Energy Corp Ltd is expected to release its next earnings report in November this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

Indonesia Energy Corp Ltd (AMEX:INDO)’s Major holders

The top two institutional holders are COMMONWEALTH EQUITY SERVICES, LLC with over 31000.0 shares worth more than $85000.0. As of 2024-06-30, COMMONWEALTH EQUITY SERVICES, LLC held 0.3056% of shares outstanding.

The other major institutional holder is UBS GROUP AG, with the holding of over 17746.0 shares as of 2024-06-30. The firm’s total holdings are worth over $48802.0 and represent 0.175% of shares outstanding.