After Falling -4.62% During The Past Week, Should You Still Buy Indonesia Energy Corp Ltd (AMEX: INDO)?

Indonesia Energy Corp Ltd (AMEX:INDO)’s traded shares stood at 0.33 million during the last session, with the company’s beta value hitting -0.12. At the close of trading, the stock’s price was $3.10, to imply an increase of 2.65% or $0.08 in intraday trading. The INDO share’s 52-week high remains $6.65, putting it -114.52% down since that peak but still an impressive 34.52% since price per share fell to its 52-week low of $2.03. The company has a valuation of $42.16M, with an average of 1.27 million shares in intraday trading volume over the past 10 days and average of 800.10K shares over the past 3 months.

Analysts have given a consensus recommendation of Buy for Indonesia Energy Corp Ltd (INDO), translating to a mean rating of 1.00. Of 2 analyst(s) looking at the stock, 0 analyst(s) give INDO a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 2 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.

Indonesia Energy Corp Ltd (AMEX:INDO) trade information

After registering a 2.65% upside in the last session, Indonesia Energy Corp Ltd (INDO) has traded red over the past five days. The 5-day price performance for the stock is -4.62%, and 11.11% over 30 days. With these gigs, the year-to-date price performance is 11.51%. Short interest in Indonesia Energy Corp Ltd (AMEX:INDO) saw shorts transact 0.52 million shares and set a 1.31 days time to cover.

The extremes give us $11 and $11 for target low and target high price respectively. As such, INDO has been trading -254.84% off suggested target high and -254.84% from its likely low.

INDO Dividends

Indonesia Energy Corp Ltd has its next earnings report out in February. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.

The next major institution holding the largest number of shares is UBS GROUP AG with 17746.0 shares, or about 0.175% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $48802.0.