EON Resources Inc (AMEX:EONR) traded at $0.94 at close of the session on Tuesday, January 28 and made an upward move of 0.76% on its previous day’s price.
Looking at the stock we see that its previous close was $0.93 and the beta (5Y monthly) reads -1.114 with the day’s price range being $0.853 – $0.9499. In terms of its 52-week price range, EONR has a high of $6.00 and a low of $0.51. The company’s stock has gained about 47.57% over that past 30 days.
EON Resources Inc has a market cap of $10.01 million and is expected to release its quarterly earnings report in February.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 6M, with a low of 6M and a high of 6M. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 21.7M, or 2.75% up from figures reported last year.
On the other hand, looking at the outlook for the EONR stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 50% Sell.
Looking further, we note the current price level is -3.73% off its SMA20 and 7.52% from its 50-day simple moving average. The RSI (14) is pointing at 48.90 while the volatility over the past week is 13.30% and jumps to 22.00% over the past one month. The beta value is -1.27, while the average true range (ATR) is currently pointing at 0.20.
Coming back to EON Resources Inc (AMEX:EONR), we note that the average 3-month trading volume was 4.28 million, while that of the preceding 10-day period stands at 16.36 million. Current shares outstanding are 6.96 million.
The insiders hold 38.40% of the company’s shares while institutions hold 5.65%. The data shows that short shares as of 2024-10-31, stood at 60386.0 at a short ratio of 0.01. This represents a 108.00 short interest in shares outstanding on 2024-10-31. Shares short rose in October from the previous month at 15833.0. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 14.31% up in year-to-date price movement.
