Camber Energy Inc. (AMEX:CEI) previous close was $0.88 while the outstanding shares total 25.00M. The firm has a beta of 1.63, a 12-month trailing P/E ratio of 0.00. CEI’s shares traded higher over the last trading session, gaining 10.18% on 12/04/20. The shares fell to a low of $0.89 before closing at $0.97. Intraday shares traded counted 7.76 million, which was 14.95% higher than its 30-day average trading volume of 9.12M. The stock’s Relative Strength Index (RSI) is 59.01, with weekly volatility at 12.68% and ATR at 0.10. The CEI stock’s 52-week price range has touched low of $0.46 and a $4.10 high.
Investors have identified the Oil & Gas E&P company Camber Energy Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $21.00 million, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Camber Energy Inc. (CEI) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. In terms of their assets, the company currently has 2233000 million total, with 1688000 million as their total liabilities.
CEI were able to record -0.75 million as free cash flow during the third quarter of the year, this saw their quarterly net cash flow reduce by 1.05 million. In cash movements, the company had a total of -0.75 million as operating cash flow.
Potential earnings growth for Camber Energy Inc. (CEI)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the third quarter of the year, Camber Energy Inc. recorded a total of 34000.0 in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with -255.88% coming in sequential stages and their sales for the third quarter increasing by 18326.47%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 0.76 million trying to sell their products during the last quarter, with the result yielding a gross income of -0.73 million. This allows shareholders to hold on to 25.00M with the revenue now reading -0.21 cents per share. This is a figure that is close to analyst’s prediction for their fourth quarter.
Is the stock of CEI attractive?
In the last 6 months, insiders have changed their ownership in shares of company stock by 10.45%.