Mexco Energy Corporation [AMEX:MXC] shares are showing some interesting activity. The company’s daily low is at $4.60 as the high is reaching $8.79.
If readers are not familiar, Mexco Energy Corporation is in the Energy sector under the Oil & Gas E&P industry. This week, we are watching the stock hit price per sales of 4.88 with an earning per share of -0.17.
As a reference point, the S&P 500 is trading 0.79% over the last 52 weeks, while MXC stock is trading 50.35%.
The Price is right
Holding a Market Cap of $11.70 million, Mexco Energy Corporation has seen a trading range over the last year of $1.53-$14.63.
For the last five days, MXC is up from its last closing price. The average shares trading hands each day is 1.04M, with average 10-day volume coming in at 0.25 million.
Using a Force Index Indicator is a good way to look at how strong actual buying and selling pressure is for MXC. When we apply the Elder Force Index to Mexco Energy Corporation, we are seeing an Elder Force Indicator number of 9592665.22.
The company’s enterprise value has gone from $7.49M to $5.02M quarter-over-quarter. Obviously, the company is heading in the wrong direction, but there are still opportunities for growth in the sector.
In the last quarter, MXC made a profit of -0.28 million. Mexco Energy Corporation also saw quarter revenue growth year over year of 1.92%. In addition, the company has operating cash flow of $0.75 million.
Looking at popular technical indicators, the company’s 5-day moving average is 4.80 compared to the 50-day moving average of 4.61. So, we are clearly seeing an upward trajectory here.
The Relative Strength Index or RSI is an indicator ranging between 0 and 100 that traders use to determine if a stock is “overbought” or “oversold.” A strong uptrend tending to reach into the “overbought” status is above 70, while a downward trend will stay around the 30 mark. MXC currently holds a 9-day RSI of 74.83%, while 100-day RSI stands at 54.27%.
Another indicator we believe is worth keeping tabs on is the Moving Average Convergence Divergence or MACD. Similar to the concept of the Force Index — on the basis of price momentum — the MACD gives traders a tool to measure the turning point of a stock even during rapid fluctuations in price. Buy and sell signals are determined by a stock’s relation to the zero line, so if a stock is above a zero line for many weeks it might be a “buy.” On the other hand, if a stock is below the zero line consistently, it might be one to stay away from. Also, if the MACD line reaches a peak and dips, its momentum may be waning. MXC’s 9-day MACD is 0.30 and the company’s 100-day MACD stands at 0.65.
Another area that is important to analyze is insider moves and majority shareholders. While this is not always an error-free way to tell what the future holds for a stock, you can maybe gather important information from reading the tea leaves about who is buying and selling.
The major holders for this stock are 60.30% by insiders and 0.97% by institutions. Regarding institutional holdings, Bridgeway Capital Management, Inc. owns 0.63%, while the second top holder, Morgan Stanley, currently owns 0.12%.
Over the last six months, insiders have sold 750 with the most recent transaction from MCCOMIC TAMMY, PRESIDENT, with a sell at price 6.38 per share.
Currently, the company has 0 analysts watching the stock, and the average quarterly earnings estimate is 0.