EON Resources Inc. (AMEX: EONR) is -19.01% lower on its value in year-to-date trading and has touched a low of $0.80 and a high of $13.93 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The EONR stock was last observed hovering at around $1.79 in the last trading session, with the day’s loss setting it -0.15%.
Currently trading at $1.64, the stock is 40.29% and -12.69% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 34.61 million and changing -8.38% at the moment leaves the stock -24.64% off its SMA200. EONR registered -84.81% loss for a year compared to 6-month loss of -43.25%. The firm has a 50-day simple moving average (SMA 50) of $1.85524 and a 200-day simple moving average (SMA200) of $2.177395.
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The stock witnessed a 5.13% gain in the last 1 month and extending the period to 3 months gives it a -32.51%, and is 53.27% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 52.57% over the week and 25.82% over the month.
Distance from 52-week low is 103.85% and -88.23% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.78%).
EON Resources Inc. quarterly earnings per share for the current quarter are estimated at -0.35 with sales reaching $5.2M over the same period.
The shares outstanding are 5.59M, and float is at 2.54M with Short Float at 0.73%.
EON Resources Inc. (EONR) Insider Activity
The most recent transaction is an insider purchase by Salvucci Joseph V Jr, the company’s Director. SEC filings show that Salvucci Joseph V Jr bought 10,000 shares of the company’s common stock on Sep 13 ’24 at a price of $1.00 per share for a total of $10000.0. Following the purchase, the insider now owns 0.13 million shares.
EON Resources Inc. disclosed in a document filed with the SEC on Sep 13 ’24 that Salvucci Joseph V Sr (Director) bought a total of 17,304 shares of the company’s common stock. The trade occurred on Sep 13 ’24 and was made at $1.00 per share for $17301.0. Following the transaction, the insider now directly holds 1.17 million shares of the EONR stock.
Still, SEC filings show that on Sep 05 ’24, Pogo Royalty, LLC (10% Owner) disposed off 8,978 shares at an average price of $1.51 for $13586.0. The insider now directly holds 2,001,022 shares of EON Resources Inc. (EONR).
