What Is Going On With AEON Biopharma Inc (AMEX: AEON)?

AEON Biopharma Inc (AMEX:AEON) traded at $0.22 at close of the session on current trade day and made an upward move of 5.24% on its previous day’s price.

Looking at the stock we see that its previous close was $0.21 and the beta (5Y monthly) reads 0.397 with the day’s price range being $0.1973 – $0.2683. In terms of its 52-week price range, AEON has a high of $17.17 and a low of $0.16. The company’s stock has lost about -65.59% over that past 30 days.

AEON Biopharma Inc has a market cap of $8.83 million and is expected to release its quarterly earnings report in February.

On the other hand, looking at the outlook for the AEON stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of 100% Sell.

Based on estimates by 1 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 0 have rated the AEON Biopharma Inc (AEON) stock as a Hold, while 1 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.

Looking further, we note the current price level is -62.70% off its SMA20 and -66.88% from its 50-day simple moving average. The RSI (14) is pointing at 24.57 while the volatility over the past week is 20.14% and jumps to 15.56% over the past one month. The beta value is 0.14, while the average true range (ATR) is currently pointing at 0.10.

Coming back to AEON Biopharma Inc (AMEX:AEON), we note that the average 3-month trading volume was 1.72 million, while that of the preceding 10-day period stands at 9.78 million. Current shares outstanding are 39.59 million.

The insiders hold 75.07% of the company’s shares while institutions hold 23.95%. The data shows that short shares as of 2024-11-15, stood at 0.16 million at a short ratio of 1.6. This represents a 72.00 short interest in shares outstanding on 2024-11-15. Shares short rose in November from the previous month at 0.15 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -59.07% down in year-to-date price movement.

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