Adversity is less terrifying than hope: EON Resources Inc. (EONR)

With 41.19 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.22 million shares. During the session, the Oil & Gas E&P company that operates in wider Energy sector, reached to the highest price of $1.79 whereas the lowest price it dropped to was $0.8301. The 52-week range on EONR shows that it touched its highest point at $13.93 and its lowest point at $0.80 during that stretch. It currently has a 1-year price target of $5.25. Beta for the stock currently stands at -0.94.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of EONR was up-trending over the past week, with a rise of 62.73%, but this was up by 12.93% over a month. Three-month performance dropped to -28.40% while six-month performance fell -39.53%. The stock lost -83.36% in the past year, while it has lost -11.60% so far this year.

Float and Shares Shorts:

At present, 5.59 million EONR shares are outstanding with a float of 2.54 million shares on hand for trading. On 2024-09-13, short shares totaled 18583.0, which was 33.000002 higher than short shares on 1723680000. In addition to Mr. Dante V. Caravaggio as the firm’s President, CEO & Director, Mr. Mitchell B. Trotter serves as its CFO & Director.

Institutional Ownership:

Through their ownership of 0.34077 of EONR’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-06-30, EONR reported revenue of $5144273.0 and operating income of -$245623.0. The EBITDA in the recently reported quarter was $2011959.0 and diluted EPS was -$0.12.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for EONR since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.