The Fundamental View: Camber Energy Inc. (CEI) Shares are up Nearly 19.53%

Camber Energy Inc. (AMEX: CEI) have jumped 19.53% since today opening bell. First, let’s talk about the stock movement. The company report on October 9, 2020 that Camber Energy, Inc. Provides Update on Planned Merger With Viking Energy Group, Inc. and Addresses Unusual Trading Volume. As its trading volume surged significantly and passed its daily average at 19.52 million shares. Before peaking at $7.60 per share as its 52 week high, the Energy giant hit all-time low of $0.46 per share in 09/11/20. As of now, CEI trading high at $1.16 per share and has seemingly settled at around $0.94 per share, still down from its level of $1.8900 at which it had traded for months.

Camber Energy Inc. (CEI) has been in rally mode, as indicated by the relationship between its 200-day and 20-day major moving averages. That said, over the past 30 days, CEI shares have fallen -89.2%. The stock has moved down -85.75 over the trailing 12 months, falling behind the rest of the market by 369.09%. It has also trailed competitors and similar names by -72.73%.

Looking at Key Indicators

Naturally, a cursory survey of superficial price points from the chart don’t say a whole lot about where CEI shares could be headed. That’s why we need to dig a little deeper and check out what some of the most important momentum indicators seem to be saying.

The relationship between changes in price and the underlying strength or weakness over periods can point out deeper factors in the pattern that can often generate insights for technical analysts through momentum factors. Two of our favorite oscillating indicators are the Relative Strength Index (RSI) and the Stochastic %k Oscillator. In each case, the scoring is on a scale somewhere between 0 and 100, and in case, the levels to watch are “70” and “30”, with the former representing an “overbought” state and the latter presenting an “oversold” state.

With that in mind, here is a look at CEI shares from this perspective. The 20-day RSI reading for CEI is currently 60.79, which indicates that is not particularly expensive or cheap, and not predisposed to a reactive price movement based on this measure. If we look at the 20-day Stochastic %k measure, we find it at 66.11, which represents another indication of a neutral outlook.

Listening to the Analysts

Right now, CEI shares appear to be trading -100.0% under the average price target for one year ahead from Wall Street analysts, which is at $781250.00.

Assessing the Risk

Risk is an essential factor in comprehensive investment analysis. One of the key factors that analysts consider in determining the systemic risk involved in a stock is called “beta”, which represents an individual stock’s volatility relative to the volatility demonstrated by stocks as an asset class, in general, as a function of broad market data.

CEI, for example, trades right now with a beta of 1.06. The rest of the market is normalized to a beta score of 1.0, which means CEI is more volatile than the average stock. By the same token, CEI should be seen as somewhat more risky for market participants than the average stock.

We would also note that CEI has posted average daily volatility over the past two weeks of 387.29%, or -182.16% more than it has scored on the same measure over the past hundred days.

The Fundamentals in Focus

As we now turn to the fundamental picture, we begin by analyzing it the way one might analyze a building: by starting with the foundation – the balance sheet. Without a strong foundation, the rest of the structure can’t stand.

For CEI, cash levels are currently sitting at 1.71 million. That figure is balanced by 1.69 million in current liabilities. To further round out the picture, total assets are at 13.91 million and total liabilities sit at 7.71 million, granting a pretty thorough ground-up sense of the company and how it might withstand challenges ahead, should they appear.

In terms of recent free cash flow, CEI, is currently reporting -0.75 million, which represents a quarterly net change of 1.05 million in cash flowing in the door. In terms of operations, the company reported -0.75 million in net operating cash flow.

Looking at the revenue path, we saw last quarter’s top-line number come in at 34000.0 in total revenues, which represents a y/y quarterly change of 71.9, and a sequential quarterly sales grow of -72.20%.

That brings us to the real meat of the matter: the bottom line. Camber Energy Inc. (CEI) yielded a gross basic income of -0.73 million, which comes on a Cost-of-Goods-Sold number registering at 0.76 million, seated in 7.53 billion total diluted outstanding shares, adding up to earnings per share of 201.33. Notably, the consensus view of analysts looking ahead to next quarter is currently at 0.

That allows us to round out this picture with a look at valuations. Based on this data, and the forecasts we have at hand, the coming fiscal year looks to be headed toward 0 in total earnings per share. In terms of the median P/E ratio, we arrive at 0.00.

However, estimates are only guesses about the future. Both business and investment trends are more important to take into consideration.

Related Articles

Cloudera Inc. (CLDR) Pushed 1.44% … Time to Get Involved in Cloudera Inc. Stock?

Cloudera Inc. (CLDR) share are up around 1.44% in today market trading with stock price surged as much as 1.0% to hit day high...

The Fundamental and Technical outlook for ON Semiconductor Corporation Stock (ON)

ON Semiconductor Corporation (ON) reported gain of 0.15% in market trading today. The company report on October 7, 2020 that ON Semiconductor Introduces High-Performance...

Why Devon Energy Corporation (DVN) Stock Price Plunged -1.39% Out of the Gates Today

Devon Energy Corporation (NYSE: DVN) have slipped -1.39% since today opening bell. First, let's talk about the stock movement. The company report on October...

Latest Posts

Cloudera Inc. (CLDR) Pushed 1.44% … Time to Get Involved in Cloudera Inc. Stock?

Cloudera Inc. (CLDR) share are up around 1.44% in today market trading with stock price surged as much as 1.0% to hit day high...

The Fundamental and Technical outlook for ON Semiconductor Corporation Stock (ON)

ON Semiconductor Corporation (ON) reported gain of 0.15% in market trading today. The company report on October 7, 2020 that ON Semiconductor Introduces High-Performance...

Why Devon Energy Corporation (DVN) Stock Price Plunged -1.39% Out of the Gates Today

Devon Energy Corporation (NYSE: DVN) have slipped -1.39% since today opening bell. First, let's talk about the stock movement. The company report on October...

Is it time to Get Involved in Enterprise Products Partners L.P. (EPD) Shares? EPD gained as much as 0.85%

Enterprise Products Partners L.P. (EPD) share are up around 0.85% in today market trading with stock price surged as much as 2.0% to hit...

BioCryst Pharmaceuticals Inc. (BCRX) Stock has Moved up about 13.33% This Year… Casing the Fundamentals

BioCryst Pharmaceuticals Inc. (BCRX) reported loss of -0.38% in market trading today. The company report on October 5, 2020 that BioCryst Reports Inducement Grants...