Can Camber Energy Inc (CEI) stock recover despite sales dropping?

In yesterday’s Wall Street session, Camber Energy Inc (AMEX:CEI) shares traded at $0.36, up 46.16% from the previous session.

1 analysts cover Camber Energy Inc (AMEX:CEI), according to research data. The consensus rating among analysts is ‘Sell’. As we calculate the median target price by taking the range between a high of $39062500.00 and a low of $39062500.00, we find $39062500.00. Given the previous closing price of $0.25, this indicates a potential upside of 15624999900.0 percent. CEI stock price is now -24.14% away from the 50-day moving average and -71.03% away from the 200-day moving average. The market capitalization of the company currently stands at $31.82M.

Brokers who have rated the stock have averaged $39062500.00 as their price target over the next twelve months.

A total of 4.64% of the company’s stock is owned by insiders.

There have been several recent changes in the stakes of large investors in CEI stock. A new stake in Camber Energy Inc shares was purchased by VIRTU FINANCIAL LLC during the first quarter worth $69,000. TWO SIGMA SECURITIES, LLC invested $26,000 in shares of CEI during the first quarter. In the first quarter, BRIDGEWAY CAPITAL MANAGEMENT, LLC acquired a new stake in Camber Energy Inc valued at approximately $18,000. In total, there are 33 active investors with 1.54% ownership of the company’s stock.

On Thursday morning Camber Energy Inc (AMEX: CEI) stock kicked off with the opening price of $0.2700. During the past 12 months, Camber Energy Inc has had a low of $0.20 and a high of $12.75. The fifty day moving average price for CEI is $0.4642 and a two-hundred day moving average price translates $1.2277 for the stock.

The latest earnings results from Camber Energy Inc (AMEX: CEI) was released for Mar, 2023. The company reported revenue of $84000.0 for the quarter, compared to $0.17 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -51.16 percent.

Camber Energy Inc(CEI) Company Profile

Camber Energy, Inc. provides custom energy and power solutions to commercial and industrial clients in North America energy and power solutions. The company operates through two segments, Oil and Gas Production and Power Generation. It manufactures and supplies power generation products, services, and custom energy solutions; clean-tech energy systems, including combined heat and power, tier 4 final diesel, and natural gas industrial engines, solar, wind, and storage; designs and assembles electrical control equipment, such as switch gear, synchronization and paralleling gear, distribution, bi-fuel, and complete power generation production controls; and clean energy and carbon-capture systems to generate clean electricity. The company also engages in developing, patent pending, electric transmission, and distribution of open conductor detection systems to detect a break in a transmission line, distribution line, or coupling failure. Camber Energy, Inc. is headquartered in Houston, Texas.

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