88 Energy Limited (88E) is a leading oil and gas e&p business based in the UK. It opened the day at 2.565p after a previous close of 2.5p. During the day the price has varied from a low of 2.3p to a high of 2.6p. The latest price was 2.48p (25 minute delay). 88 Energy is listed on the London Stock Exchange (LSE). All prices are listed in pence sterling.
How has coronavirus impacted 88 Energys share price?
Since the stock market crash that started in February 2020, 88 Energys share price has had significant negative movement.
Its last market close was 1.208p, which is 3.36% down on its pre-crash value of 1.25p and 125.79% up on the lowest point reached during the March 2020 crash when the shares fell as low as 0.535p.
If you had bought Â£1,000 worth of 88 Energy shares at the start of February 2020, those shares would have been worth Â£562.50 at the bottom of the March crash, and if you held on to them, then as of the last market close theyd be worth Â£1,006.67.
88 Energy share price (LSE:88E)
Use our graph to track the performance of 88E stocks over time.
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Is it a good time to buy 88 Energy stock?
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
88 Energy price performance over time
Historical closes compared with the last close of 2.48p
1 month (2021-07-30)
3 months (2021-05-27)
6 months (2021-03-03)
Is 88 Energy under- or over-valued?
Valuing a stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of overall performance. However, analysts commonly use some key metrics to help gauge value.
88 Energys EBITDA (earnings before interest, taxes, depreciation and amortisation) is Â£610,362.
The EBITDA is a measure of a 88 Energys overall financial performance and is widely used to measure a its profitability.
Over the last 12 months, 88 Energys shares have ranged in value from as little as 0.26p up to 4.55p. A popular way to gauge a stocks volatility is its beta.
Beta is a measure of a shares volatility in relation to the market. The market (LSE average) beta is 1, while 88 Energys is 0.7896. This would suggest that 88 Energys shares are less volatile than average (for this exchange).