EON Resources Inc (AMEX:EONR) does about 4.27M shares in volume on a normal day but saw 1631439 shares change hands in the recent trading day. The company now has a market cap of 9.93M USD. Its current market price is $0.93, marking a decrease of -16.22% compared to the previous close of $1.11. The 52 week high reached by this stock is $6.00 whilst the lowest price level in 52 weeks is $0.51.
EON Resources Inc (EONR) has a 20-day trading average at $0.9591 and the current price is -84.50% off the 52-week high compared with 82.35% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.8725 and its 200-day simple moving average is $1.7115. If we look at the stock’s price movements over the week, volatility stands at 21.43%, which increases to 21.92% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 48.63 to suggest the stock is neutral.
The consensus objective for the share price is $4.50, suggesting that the stock has a potential upside of 79.33% over the period.
The current price level is -3.03%, 6.59%, and -45.66% away from its SMA20, SMA50, and SMA200 respectively, with the EONR price moving below the 50-day SMA on current market day. EON Resources Inc (EONR) stock is down -8.82% over the week and 57.89% over the past month. Its price is 13.44% year-to-date and -54.63% over the past year.
The company’s next earnings report forecasts estimating quarterly EPS at 0 and 0 for whole year. In addition, estimates put the company’s current quarterly revenue at an average of $6M.
To reach the target analysts have set, the stock logically needs to grow 79.33 percent from here.
Outstanding shares total 6.96M with insiders holding 45.74% of the shares and institutional holders owning 15.17% of the company’s common stock. The beta has a value of -1.16.
