The stock of HNR Acquisition Corp (HNRA) has gone up by 1.88% for the week, with a 5.14% rise in the past month and a 0.44% rise in the past quarter. The volatility ratio for the week is 12.35%, and the volatility levels for the past 30 days are 10.12% for HNRA. The simple moving average for the past 20 days is 6.65% for HNRA’s stock, with a -21.23% simple moving average for the past 200 days.
Is It Worth Investing in HNR Acquisition Corp (AMEX: HNRA) Right Now?
The stock has a 36-month beta value of -0.84. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for HNRA is 2.91M, and at present, short sellers hold a 0.51% of that float. On August 02, 2024, the average trading volume of HNRA was 48.03K shares.
HNRA) stock’s latest price update
HNR Acquisition Corp (AMEX: HNRA) has experienced a rise in its stock price by 5.60 compared to its previous closing price of 2.49. However, the company has seen a gain of 1.88% in its stock price over the last five trading days. accesswire.com reported 2024-08-01 that HOUSTON, TX / ACCESSWIRE / August 1, 2024 / HNR Acquisition Corp (NYSE American:HNRA) (the “Company” or “HNRA”) is an independent upstream energy company with oil and gas properties in the Permian Basin. Today, the Company announces the purchase of a hot oiler truck and rig that adds flexibility for the field team and reduces costs.
HNRA Trading at 12.92% from the 50-Day Moving Average
After a stumble in the market that brought HNRA to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -81.13% of loss for the given period.
Volatility was left at 10.12%, however, over the last 30 days, the volatility rate increased by 12.35%, as shares surge +8.17% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +14.28% upper at present.
During the last 5 trading sessions, HNRA rose by +1.88%, which changed the moving average for the period of 200-days by -75.59% in comparison to the 20-day moving average, which settled at $2.47. In addition, HNR Acquisition Corp saw 29.80% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for HNRA
Current profitability levels for the company are sitting at:
- 0.1 for the present operating margin
- -836.51 for the gross margin
The net margin for HNR Acquisition Corp stands at -0.28. The total capital return value is set at 0.05. Equity return is now at value -0.51, with -0.47 for asset returns.
Based on HNR Acquisition Corp (HNRA), the company’s capital structure generated 1.2 points at debt to capital in total, while cash flow to debt ratio is standing at 0.24. The debt to equity ratio resting at -5.95. The interest coverage ratio of the stock is 1.32.
Currently, EBITDA for the company is 4.96 billion with net debt to EBITDA at 4.8. When we switch over and look at the enterprise to sales, we see a ratio of 1.7. The receivables turnover for the company is 14.65for trailing twelve months and the total asset turnover is 0.32. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.12.
Conclusion
To sum up, HNR Acquisition Corp (HNRA) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
