EON Resources Inc (AMEX:EONR) price on Friday, January 17, rose 4.60% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $1.02.
A look at the stock’s price movement, the close in the last trading session was $0.98, moving within a range at $0.9632 and $1.03. The beta value (5-Year monthly) was -1.114. Turning to its 52-week performance, $6.00 and $0.51 were the 52-week high and 52-week low respectively. Overall, EONR moved 72.01% over the past month.
EON Resources Inc’s market cap currently stands at around $10.89 million, with investors looking forward to this quarter’s earnings report slated for in February.
Analysts have a consensus estimate of 6M for the company’s revenue for the quarter, with a low and high estimate of 6M and 6M respectively. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 23.61M, representing a 11.77% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that EONR is a 50% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
EONR’s current price about 26.27% and 17.63% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 56.84, while 7-day volatility ratio is 18.12% and 20.20% in the 30-day chart. Further, EON Resources Inc (EONR) has a beta value of -1.31, and an average true range (ATR) of 0.16.
If we refocus on EON Resources Inc (AMEX:EONR), historical trading data shows that trading volumes averaged 10.11 over the past 10 days and 1.83 million over the past 3 months. The company’s latest data on shares outstanding shows there are 6.96 million shares.
The 37.79% of EON Resources Inc’s shares are in the hands of company insiders while institutional holders own 5.65% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 60386.0 on 2024-10-31, giving us a short ratio of 0.01. The data shows that as of 2024-10-31 short interest in EON Resources Inc (EONR) stood at 108.0 of shares outstanding, with shares short rising to 15833.0 registered in 2024-09-30. Current price change has pushed the stock 24.42% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the EONR stock continues to rise going into the next quarter.
