HighPeak Energy Inc (HPK) stock: 12-month forecast projects -22.38% potential drop%

HighPeak Energy Inc [HPK] stock prices are up 2.05% to $15.46 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The HPK shares have gain 11.38% over the last week, with a monthly amount glided 12.85%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

HighPeak Energy Inc [NASDAQ: HPK] stock has seen the most recent analyst activity on May 23, 2024, when Truist upgraded its rating to a Hold and also boosted its price target to $13 from $10. Previously, Truist started tracking the stock with Sell rating on April 24, 2023, and set its price target to $10. On November 09, 2021, ROTH Capital initiated with a Buy rating and assigned a price target of $26.40 on the stock. Seaport Global Securities started tracking the stock assigning a Buy rating and suggested a price target of $15 on July 22, 2021.

The stock price of HighPeak Energy Inc [HPK] has been fluctuating between $12.20 and $18.42 over the past year. Currently, Wall Street analysts expect the stock to reach $12 within the next 12 months. HighPeak Energy Inc [NASDAQ: HPK] shares were valued at $15.46 at the most recent close of the market. An investor can expect a potential drop of -22.38% based on the average HPK price forecast.

Analyzing the HPK fundamentals

The HighPeak Energy Inc [NASDAQ:HPK] reported sales of 1.21B for trailing twelve months, representing a surge of 14.33%. Gross Profit Margin for this corporation currently stands at 0.41% with Operating Profit Margin at 0.37%, Pretax Profit Margin comes in at 0.19%, and Net Profit Margin reading is 0.14%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.11 and Total Capital is 0.16. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.7.

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 15.13 points at the first support level, and at 14.81 for the second support level. However, for the 1st resistance point, the stock is sitting at 15.73, and for the 2nd resistance point, it is at 16.01.

Ratios To Look Out For

It’s worth pointing out that HighPeak Energy Inc [NASDAQ:HPK]’s Current Ratio is 0.93. As well, the Quick Ratio is 0.90, while the Cash Ratio is 0.57. Considering the valuation of this stock, the price to sales ratio is 1.63, the price to book ratio is 1.26 and price to earnings (TTM) ratio is 13.04.

Transactions by insiders

Recent insider trading involved HIGHTOWER JACK, Chief Executive Officer, that happened on Sep 20 ’24 when 100000.0 shares were purchased. Chief Executive Officer, HIGHTOWER JACK completed a deal on Sep 03 ’24 to buy 36078.0 shares. Meanwhile, Chief Executive Officer HIGHTOWER JACK bought 17827.0 shares on Aug 30 ’24.

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