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%.