The stock of EON Resources Inc. (AMEX: EONR) has decreased by -13.68 when compared to last closing price of 0.95.Despite this, the company has seen a loss of -24.07% in its stock price over the last five trading days. accesswire.com reported 2024-09-23 that HOUSTON, TX / ACCESSWIRE / September 23, 2024 / EON Resources Inc. (NYSE American:EONR) (“EON” or the “Company”) is an independent upstream energy company with oil and gas properties in the Permian Basin. Today, the Company issues a letter to the shareholders on current business activity and plans.
Is It Worth Investing in EON Resources Inc. (AMEX: EONR) Right Now?
Company’s 36-month beta value is -0.91.Analysts have differing opinions on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for EONR is 2.54M, and currently, short sellers hold a 0.73% ratio of that floaft. The average trading volume of EONR on October 01, 2024 was 212.22K shares.
EONR’s Market Performance
EONR stock saw a decrease of -24.07% in the past week, with a monthly decline of -56.38% and a quarterly a decrease of -68.46%. The volatility ratio for the week is 15.32%, and the volatility levels for the last 30 days are 17.19% for EON Resources Inc. (EONR). The simple moving average for the past 20 days is -31.42% for EONR’s stock, with a -62.40% simple moving average for the past 200 days.
EONR Trading at -57.54% from the 50-Day Moving Average
After a stumble in the market that brought EONR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -94.11% of loss for the given period.
Volatility was left at 17.19%, however, over the last 30 days, the volatility rate increased by 15.32%, as shares sank -48.26% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -68.46% lower at present.
During the last 5 trading sessions, EONR fell by -24.07%, which changed the moving average for the period of 200-days by -52.87% in comparison to the 20-day moving average, which settled at $1.1575. In addition, EON Resources Inc. saw -59.51% 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 EONR starting from Salvucci Joseph V Jr, who purchase 10,000 shares at the price of $1.00 back on Sep 13 ’24. After this action, Salvucci Joseph V Jr now owns 132,784 shares of EON Resources Inc., valued at $10,000 using the latest closing price.
Salvucci Joseph V Sr, the Director of EON Resources Inc., purchase 17,304 shares at $1.00 during a trade that took place back on Sep 13 ’24, which means that Salvucci Joseph V Sr is holding 1,173,362 shares at $17,301 based on the most recent closing price.
Stock Fundamentals for EONR
Equity return is now at value -0.51, with -0.47 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 0.12.
Conclusion
In a nutshell, EON Resources Inc. (EONR) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
