In the past week, NEHC stock has gone down by -24.52%, with a monthly decline of -13.02% and a quarterly plunge of -75.36%. The volatility ratio for the week is 18.62%, and the volatility levels for the last 30 days are 24.88% for New Era Helium Inc The simple moving average for the past 20 days is -26.73% for NEHC’s stock, with a -72.34% simple moving average for the past 200 days.
Is It Worth Investing in New Era Helium Inc (NASDAQ: NEHC) Right Now?
Additionally, the 36-month beta value for NEHC is 0.10.
The public float for NEHC is 4.82M and currently, short sellers hold a 2.77% ratio of that float. The average trading volume of NEHC on January 22, 2025 was 242.13K shares.
NEHC) stock’s latest price update
New Era Helium Inc (NASDAQ: NEHC) has seen a decline in its stock price by -8.36 in relation to its previous close of 2.99. However, the company has experienced a -24.52% decline 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 Trading at -61.80% 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 -77.71% of loss for the given period.
Volatility was left at 24.88%, however, over the last 30 days, the volatility rate increased by 18.62%, as shares sank -7.12% for the moving average over the last 20 days.
During the last 5 trading sessions, NEHC fell by -24.52%, in comparison to the 20-day moving average, which settled at $3.74. In addition, New Era Helium Inc saw -54.33% 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
In conclusion, New Era Helium Inc (NEHC) has seen bad performance in recent times. Analysts have a mixed 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.
