EON Resources Inc (AMEX:EONR) price on Thursday, March 20, rose 15.82% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $0.62.
A look at the stock’s price movement, the close in the last trading session was $0.54, moving within a range at $0.5 and $0.63. The beta value (5-Year monthly) was -1.172. Turning to its 52-week performance, $4.00 and $0.35 were the 52-week high and 52-week low respectively. Overall, EONR moved -0.64% over the past month.
EON Resources Inc’s market cap currently stands at around $9.59 million, with investors looking forward to this quarter’s earnings report slated for in April.
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 21.7M, representing a 2.75% 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 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
EONR’s current price about 24.38% and -15.55% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 56.25, while 7-day volatility ratio is 24.60% and 13.77% in the 30-day chart. Further, EON Resources Inc (EONR) has a beta value of -1.14, and an average true range (ATR) of 0.08.
If we refocus on EON Resources Inc (AMEX:EONR), historical trading data shows that trading volumes averaged 1.52 over the past 10 days and 4.81 million over the past 3 months. The company’s latest data on shares outstanding shows there are 14.09 million shares.
The 32.11% of EON Resources Inc’s shares are in the hands of company insiders while institutional holders own 4.03% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 0.29 million on 2025-02-28, giving us a short ratio of 0.27. The data shows that as of 2025-02-28 short interest in EON Resources Inc (EONR) stood at 315.0 of shares outstanding, with shares short falling to 0.45 million registered in 2025-01-31. Current price change has pushed the stock -24.37% 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.
