The stock of HNR Acquisition Corp (HNRA) has seen a -28.92% decrease in the past week, with a -39.70% drop in the past month, and a -26.28% decrease in the past quarter. The volatility ratio for the week is 22.51%, and the volatility levels for the past 30 days are at 15.12% for HNRA. The simple moving average for the past 20 days is -31.58% for HNRA’s stock, with a -35.38% simple moving average for the past 200 days.
Is It Worth Investing in HNR Acquisition Corp (AMEX: HNRA) Right Now?
Additionally, the 36-month beta value for HNRA is -0.84. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for HNRA is 2.93M and currently, short sellers hold a 0.58% ratio of that float. The average trading volume of HNRA on September 02, 2024 was 103.64K shares.
HNRA) stock’s latest price update
HNR Acquisition Corp (AMEX: HNRA)’s stock price has decreased by -15.69 compared to its previous closing price of 1.88. However, the company has seen a -28.92% decrease in its stock price over the last five trading sessions. accesswire.com reported 2024-08-29 that HOUSTON, TX / ACCESSWIRE / August 29, 2024 / HNR Acquisition Corp (NYSE American:HNRA) (the “Company” or “HNRA”) announced today that the Board of Directors has approved changing the Company’s corporate name to EON Resources Inc. (“EON” or the “Company”). HNRA will continue as EON as an independent energy company focused on Energy, Oil, Natural Resources, and other aspects of the Energy Industry.
HNRA Trading at -34.48% 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 -88.62% of loss for the given period.
Volatility was left at 15.12%, however, over the last 30 days, the volatility rate increased by 22.51%, as shares sank -39.96% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -32.84% lower at present.
During the last 5 trading sessions, HNRA fell by -28.92%, which changed the moving average for the period of 200-days by -84.90% in comparison to the 20-day moving average, which settled at $2.2640. In addition, HNR Acquisition Corp saw -21.73% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at HNRA starting from Trotter Mitchell, who purchase 2,500 shares at the price of $1.60 back on Aug 30 ’24. After this action, Trotter Mitchell now owns 27,185 shares of HNR Acquisition Corp, valued at $4,000 using the latest closing price.
Williams Mark, the VP of Finance and Admin of HNR Acquisition Corp, purchase 10,000 shares at $1.88 during a trade that took place back on Aug 29 ’24, which means that Williams Mark is holding 45,000 shares at $18,800 based on the most recent closing price.
Stock Fundamentals for HNRA
Current profitability levels for the company are sitting at:
- 0.1 for the present operating margin
- -729.67 for the gross margin
The net margin for HNR Acquisition Corp stands at -0.39. The total capital return value is set at 0.06. 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 1.19 points at debt to capital in total, while cash flow to debt ratio is standing at 0.27. The debt to equity ratio resting at -6.28. The interest coverage ratio of the stock is 0.75.
Currently, EBITDA for the company is 4.96 billion with net debt to EBITDA at 3.86. When we switch over and look at the enterprise to sales, we see a ratio of 1.33. The receivables turnover for the company is 17.93for trailing twelve months and the total asset turnover is 0.37. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.12.
Conclusion
In conclusion, HNR Acquisition Corp (HNRA) has seen bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it 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.
