EON Resources Inc [AMEX: EONR] gained 10.78% or 0.04 points to close at $0.39 with a heavy trading volume of 5862873 shares.
The daily chart for EONR points out that the company has recorded -47.99% loss over the past six months.
If we look at the average trading volume of 813.72K shares, EONR reached to a volume of 5862873 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about EON Resources Inc [EONR]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for EONR shares is $2.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on EONR stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
The Average True Range (ATR) for EON Resources Inc is set at 0.04, with the Price to Sales ratio for EONR stock in the period of the last 12 months amounting to 0.38. The Price to Book ratio for the last quarter was 0.62, with the Price to Cash per share for the same quarter was set at 0.17.
Trading performance analysis for EONR stock
EON Resources Inc [EONR] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.62. With this latest performance, EONR shares dropped by -8.99% in over the last four-week period, additionally sinking by -47.99% over the last 6 months – not to mention a drop of -81.64% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for EONR stock in for the last two-week period is set at 47.08, with the RSI for the last a single of trading hit 50.97, and the three-weeks RSI is set at 45.14 for EON Resources Inc [EONR]. The present Moving Average for the last 50 days of trading for this stock 0.4427, while it was recorded at 0.3669 for the last single week of trading, and 0.8815 for the last 200 days.
EON Resources Inc [EONR]: A deeper dive into fundamental analysis
EON Resources Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.17 and a Current Ratio set at 0.17.
