Indonesia Energy Corp Ltd [INDO] stock prices are up 57.81% to $3.74 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The INDO shares have gain 41.13% over the last week, with a monthly amount glided 14.37%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Indonesia Energy Corp Ltd [AMEX: INDO] stock has seen the most recent analyst activity on June 24, 2022, when Noble Capital Markets upgraded its rating to a Outperform but kept the price target unchanged to $15 for it. Previously, Noble Capital Markets upgraded its rating to Outperform on March 25, 2021, and kept the price target unchanged to $8. On February 12, 2020, Aegis Capital initiated with a Buy rating and assigned a price target of $10 on the stock.
The stock price of Indonesia Energy Corp Ltd [INDO] has been fluctuating between $2.03 and $6.65 over the past year. Currently, Wall Street analysts expect the stock to reach $11 within the next 12 months. Indonesia Energy Corp Ltd [AMEX: INDO] shares were valued at $3.74 at the most recent close of the market. An investor can expect a potential return of 194.12% based on the average INDO price forecast.
Analyzing the INDO fundamentals
Gross Profit Margin for this corporation currently stands at 0.18% with Operating Profit Margin at -0.97%, Pretax Profit Margin comes in at -0.7%, and Net Profit Margin reading is -0.7%. To continue investigating profitability, this company’s Return on Assets is posted at -0.1, Equity is -0.12 and Total Capital is -0.16. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.07.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 2.69 points at the first support level, and at 1.63 for the second support level. However, for the 1st resistance point, the stock is sitting at 4.45, and for the 2nd resistance point, it is at 5.15.
Ratios To Look Out For
It’s worth pointing out that Indonesia Energy Corp Ltd [AMEX:INDO]’s Current Ratio is 3.77. In addition, the Quick Ratio stands at 3.68 and the Cash Ratio stands at 1.25. Considering the valuation of this stock, the price to sales ratio is 10.81, the price to book ratio is 2.58.
