An interesting stock that came up in some of our conversations today is Lilis Energy, Inc. (NYSE:LLEX). At current price of $1.01, the shares have already added 0.09 points (9.78% higher) from its previous close of $0.92. Should you buy or avoid them? The stock sets an active trading volume day with a reported 231940 contracts so far this session. LLEX shares had a relatively better volume day versus average trading capacity of 410.22 thousand shares, but with a 27.48 million float and a -22.69% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for LLEX stock indicates that the average analyst price target is $2.97 per share. This means the stock has a potential increase of 194.06% from where the LLEX share price has been trading recently which is between $0.9 and $1.04. There are some brokerage firms that offer lower targets than the average, with one of them, even setting their price target at $1.35.
The most recent news story about the stock that appeared in Yahoo Finance‘s news section was titled “Edited Transcript of LLEX earnings conference call or presentation 10-May-19 3:00pm GMT” and dated May 11, 2019.
During the recent trading session for Lilis Energy, Inc. (NYSE:LLEX), the company witnessed their stock drop by $-0.23 over a week and tumble down $-0.14 from the price 20 days ago. When compared to their established 52-week high of $6.3, the high they recorded in their recent session happens to be lower. Their established 52-week high was attained by the company on 05/30/18. The recent low of $0.87 stood for a -83.97% since 05/15/19, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 0.78 is also allocated to the stock. Since the beta is less than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to.
Looking at the current readings for Lilis Energy, Inc., the two-week RSI stands at 38.22. This figure suggests that LLEX stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current LLEX readings is similarly very revealing as it has a stochastic reading of 11.63% at this stage. This figure means that LLEX share price today is being overbought.
Technical chart claims that Lilis Energy, Inc. (LLEX) would settle between $1.01/share to $1.09/share level. However, if the stock price goes below the $0.87 mark, then the market for Lilis Energy, Inc. becomes much weaker. If that happens, the stock price might even plunge as low as $0.81 for its downside target. The stock is currently in the red zone of MACD, with the indicator reading -0.15. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.
Analysts at Stephens, assumed coverage of LLEX assigning Equal-Weight rating, according to their opinion released on March 29. Northland Capital analysts have lowered their rating of Lilis Energy, Inc. (NYSE:LLEX) stock from Outperform to Market Perform in a separate flash note issued to investors on March 11. Analysts at CapitalOne lowered the stock to a Equal Weight call from its previous Overweight recommendation, in a research note that dated back to December 20.
LLEX equity has an average rating of 2.27, with the figure leaning towards a bullish end. 11 analysts who tracked the company were contacted by Reuters. Amongst them, 4 rated the stock as a hold while the remaining 7 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while no rated it as a sell. 7 analysts rated Lilis Energy, Inc. (NYSE:LLEX) as a buy or a strong buy while not a single analyst advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.
Moving on, LLEX stock price is currently trading at 0X forward 12-month Consensus EPS estimates, and its P/S ratio is 22.35 while for the average stock in the same group, the multiple is 99.85.