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AXAS
Stock ticker:
OTC
AS OF
Aug 3 closing price
Price
$1.84
Change
-$0.00 (-0.00%)
Capitalization
15.5M

AXAS Price Prediction, ABRAXAS PETE Corp AI Recommendations

Stock market charts, price targets, analyst ratings and a financial calendar
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12:00 AM EDT Jun 30, 2022

AXAS in downward trend: price dove below 50-day moving average on June 09, 2022

AXAS moved below its 50-day moving average on June 09, 2022 date and that indicates a change from an upward trend to a downward trend. In 7 of 7 similar past instances, the stock price decreased further within the following month. The odds of a continued downward trend are 90%.

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on June 29, 2022. You may want to consider selling the stock, shorting the stock, or exploring put options on AXAS as a result. In of 28 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The 10-day moving average for AXAS crossed bearishly below the 50-day moving average on June 16, 2022. This indicates that the trend has shifted lower and could be considered a sell signal. In of 3 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where AXAS declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Bullish Trend Analysis

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 21 cases where AXAS's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for AXAS just turned positive on June 30, 2022. Looking at past instances where AXAS's MACD turned positive, the stock continued to rise in of 11 cases over the following month. The odds of a continued upward trend are .

Following a +1 3-day Advance, the price is estimated to grow further. Considering data from situations where AXAS advanced for three days, in of 55 cases, the price rose further within the following month. The odds of a continued upward trend are .

AXAS may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

The Aroon Indicator entered an Uptrend today. In of 36 cases where AXAS Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.255) is normal, around the industry mean (6.732). P/E Ratio (0.893) is within average values for comparable stocks, (19.154). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (2.475). Dividend Yield (0.000) settles around the average of (0.098) among similar stocks. P/S Ratio (0.208) is also within normal values, averaging (161.933).

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. AXAS’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. AXAS’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 77, placing this stock worse than average.

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A.I.Advisor
published price charts
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A.I. Advisor
published Earnings

AXAS is expected to report earnings to fall 107.06% to -31 cents per share on August 11

ABRAXAS PETE Corp AXAS Stock Earnings Reports
Q2'22
Est.
$-0.32
Q1'22
Beat
by $4.78
Q4'21
Missed
by $0.61
Q3'21
Missed
by $0.13
Q2'21
Missed
by $1.68
The last earnings report on June 01 showed earnings per share of $4.53, beating the estimate of -25 cents. With 7.40K shares outstanding, the current market capitalization sits at 15.50M.
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A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are ConocoPhillips (NYSE:COP), EOG Resources (NYSE:EOG), Canadian Natural Resources Limited (NYSE:CNQ), Occidental Petroleum Corp (NYSE:OXY), Pioneer Natural Resource Co (NYSE:PXD), Devon Energy Corp (NYSE:DVN), Hess Corp (NYSE:HES), Continental Resources (NYSE:CLR), Diamondback Energy (NASDAQ:FANG), Marathon Oil Corp (NYSE:MRO).

Industry description

The oil and gas production segment includes companies that specialize in exploration, development, and production of oil and natural gas. These companies are focused on upstream operations. Companies typically identify deposits, drill wells, and extract raw materials from underground. The industry also includes related services like rig operations, feasibility studies, machinery rentals etc. Several operators in this industry work with various types of contractors such as engineering procurement and construction contractors, as well as with joint-venture partners and oil field service companies. Oil and gas often involves large fixed costs of production; so, declining crude oil prices, for example, is a potential negative for this industry. Conoco Phillips, EOG Resources, Inc. and Pioneer Natural Resources Company are some examples of companies operating in this space.

Market Cap

The average market capitalization across the Oil & Gas Production Industry is 3.28B. The market cap for tickers in the group ranges from 91 to 116.16B. COP holds the highest valuation in this group at 116.16B. The lowest valued company is TRSI at 91.

High and low price notable news

The average weekly price growth across all stocks in the Oil & Gas Production Industry was -1%. For the same Industry, the average monthly price growth was -7%, and the average quarterly price growth was 30%. PLFF experienced the highest price growth at 204%, while GOOXF experienced the biggest fall at -88%.

Volume

The average weekly volume growth across all stocks in the Oil & Gas Production Industry was -84%. For the same stocks of the Industry, the average monthly volume growth was -69% and the average quarterly volume growth was -18%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 54
P/E Growth Rating: 66
Price Growth Rating: 50
SMR Rating: 67
Profit Risk Rating: 77
Seasonality Score: -12 (-100 ... +100)
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published General Information

General Information

a producer of crude oil and natural gas

Industry OilGasProduction

Profile
Fundamentals
Details
Industry
Oil And Gas Production
Address
18803 Meisner Drive
Phone
+1 210 490-4788
Employees
42
Web
http://www.abraxaspetroleum.com

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