EON Resources Inc (AMEX:EONR) price closed higher on Tuesday, December 24, and jumping 7.81% above its previous close.
A look at the daily price movement shows that the last close reads $0.59, with intraday deals fluctuated between $0.5805 and $0.635. The company’s 5Y monthly beta was ticking -1.114. Taking into account the 52-week price action we note that the stock hit a 52-week high of $6.00 and 52-week low of $0.51. The stock subtracted -37.75% on its value in the past month.
EON Resources Inc, which has a market valuation of $6.78 million, is expected to release its quarterly earnings report in January.
On average, analysts have forecast the company’s revenue for the quarter will hit 6M, with the likely lows of 6M and highs of 6M. Staying with the analyst view, there is a consensus estimate of 23.61M for the company’s annual revenue in current year. Per this projection, the revenue is forecast to grow 11.77% above that which the company brought in the current year earning report.
Technical indicators in stocks provide crucial insights into market trends, guiding investors with precise entry and exit points based on price movements for informed decision-making.On the technical perspective front, indicators give EONR a short term outlook of 100% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Sell, while an average of long term indicators are currently assigning the stock as 100% Sell.
The overview shows that EONR’s price is at present -12.86% off the SMA20 and -34.63% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 37.21, with weekly volatility standing at 12.41%. The indicator jumps to 13.15% when calculated based on the past 30 days. EON Resources Inc (AMEX:EONR)’s beta value is holding at -1.21, while the average true range (ATR) indicator is currently reading 0.09.
An analysis of the EON Resources Inc (AMEX:EONR) stock in terms of its daily trading volume indicates that the 3-month average is 1.74 million. However, this figure increases on the past 10-day timeline to an average of 0.17 million.
Current records show that the company has 6.96M in outstanding shares. The insiders’ percentage holdings are 34.57% of outstanding shares while the percentage share held by institutions stands at 5.65%. The stats also highlight that short interest as of 2024-10-31, stood at 60386.0 shares, which puts the short ratio at the time at 0.01. From this we can glean that short interest is 108.00 of company’s current outstanding shares. Notably, we see that shares short in October rose slightly given the previous month’s figure stood at 15833.0. But the -68.64% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
