NEHC has 36-month beta value of 0.04.
The public float for NEHC is 4.82M, and currently, short sellers hold a 1.15% ratio of that float. The average trading volume of NEHC on December 27, 2024 was 90.28K shares.
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NEHC) stock’s latest price update
New Era Helium Inc (NASDAQ: NEHC)’s stock price has increased by 31.87 compared to its previous closing price of 2.73. However, the company has seen a 22.03% increase in its stock price over the last five trading sessions. businesswire.com reported 2024-12-19 that MIDLAND, Texas–(BUSINESS WIRE)–New Era Helium, Inc. (NASDAQ:NEHC) (“NEH,” “New Era Helium,” or the “Company”), an exploration and production (E&P) company sourcing helium produced in association with natural gas reserves within the Permian Basin, is excited to announce that Nasdaq has selected New Era Helium to ring the opening bell on January 2, 2025, marking the first trading day of the new year. 2024 has been a landmark year for New Era Helium. The Company successfully completed its bu.
NEHC’s Market Performance
New Era Helium Inc (NEHC) has experienced a 22.03% rise in stock performance for the past week, with a -69.06% drop in the past month, and a -67.33% drop in the past quarter. The volatility ratio for the week is 21.79%, and the volatility levels for the past 30 days are at 26.81% for NEHC. The simple moving average for the last 20 days is -43.34% for NEHC stock, with a simple moving average of -65.33% for the last 200 days.
NEHC Trading at -61.43% from the 50-Day Moving Average
After a stumble in the market that brought NEHC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -70.71% of loss for the given period.
Volatility was left at 26.81%, however, over the last 30 days, the volatility rate increased by 21.79%.
During the last 5 trading sessions, NEHC rose by +22.03%, in comparison to the 20-day moving average. In addition, New Era Helium Inc saw -66.13% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for NEHC
Equity return is now at value -8.50, with -7.26 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 4.04.
Conclusion
To put it simply, New Era Helium Inc (NEHC) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating 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.
