Data News > Emirates Reem Investments Company PJSC Shows Strong Price Movement and Fundamentals

Emirates Reem Investments Company PJSC Shows Strong Price Movement and Fundamentals

By KlickAnalytics Data Insights  |   January 11, 2025 07:44AM ET

Pricing

Emirates Reem Investments Company PJSC has witnessed significant price movements in the past day. The current price stands at 2.78, with a 1-day change of 0.11, representing a 4.12% return. The trading volume for the day reached 1536523 shares. Over the past week, the stock has shown a return of 1.09%, while the 1-month and 3-month returns stand at -0.71% and -6.40% respectively. The stock has also seen a 1-year return of -8.25%.

Price Rally: The stock has been on an upward trend for the last 1 day, with a close price to open price gap of 4.91%, indicating a bullish sentiment among investors. Despite a bearish sentiment in the close price to high price ratio (-5.44%), the close price to low price ratio shows a bullish sentiment of 6.11%. Furthermore, the close price to the previous day's open price saw a 2.96% increase, reinforcing the bullish sentiment.

The stock hit a 1-month high price of 2.94 on 2025-01-10 (1 day ago), while the 1-month low price was 2.58 on 2024-12-31 (11 days ago). Currently, the stock is trading -5.44% below the 1-month high price and 7.75% above the 1-month low price. The 52-week high and low prices were 3.7 and 2.3 respectively, with the current price standing at -24.86% below the high and 20.87% above the low.

Historical returns show a mixed performance, with a 6-month return of 8.59% and a year-to-date return of 4.91%. The stock has also seen a negative 1-year return of -8.25%. In terms of relative volume, the stock has shown varying levels over different periods, indicating fluctuating investor interest.

Fundamentals - TTM

Emirates Reem Investments Company PJSC's fundamentals for the trailing twelve months (TTM) reflect a MarketCap of 889,241,380, a Net income per share of 0.01, and a Price/Earning Ratio of 335.12. The company has a Working Capital of 302,063,734 and Total Assets worth 381,711,265. The Total Liabilities stand at 42,113,543, with Total Revenue reported at 106,288,298 and EBIT at 9,849,405. Additionally, the Altman Z-Score is calculated at 14.04, indicating a strong financial position.

Technical Indicators

Technical indicators suggest a mixed outlook. While the stock shows a Spurt UP with SMA10 > SMA20, the short term, medium term, and long term indicators are not as positive. The stock has maintained a BUY signal for the 5-days, 10-days, and 20-days Simple Moving Averages (SMA), but a SELL signal for the 50-days SMA. The close price comparisons with different SMA periods show varying trends, with SMA10 having the highest correlation at 3.18%.

Disclaimer: the above is a summary showing certain market information. KlickAnalytics is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from various resources and more. Communications displaying market prices, data and other information available in this post are meant for purely for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.