Taking on analysts’ expectations and winning: EON Resources Inc (EONR)

With 2.23 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.77 million shares. During the session, the Oil & Gas E&P company that operates in wider Energy sector, reached to the highest price of $1.2 whereas the lowest price it dropped to was $0.96. The 52-week range on EONR shows that it touched its highest point at $6.00 and its lowest point at $0.51 during that stretch. It currently has a 1-year price target of $4.00. Beta for the stock currently stands at -1.40.

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 43.66%, but this was up by 30.27% over a month. Three-month performance dropped to -23.31% while six-month performance fell -56.03%. The stock lost -45.45% in the past year, while it has gained 24.42% so far this year.

Float and Shares Shorts:

At present, 6.96 million EONR shares are outstanding with a float of 6.08 million shares on hand for trading. On 2024-10-31, short shares totaled 60386.0, which was 66.000004 higher than short shares on 1727654400. 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 0.15175 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 $5463684.0 and operating income of $84144.0. The EBITDA in the recently reported quarter was $606622.0 and diluted EPS was -$0.67.

Analysts Ratings:

In the same way, a target price assigned to a stock can also reveal much about its potential. With EONR analysts setting a high price target of 4.5 and a low target of 3.5, the average target price over the next 12 months is 4.0. Based on these targets, EONR could surge 341.18% to reach the target high and rise by 243.14% to reach the target low. Reaching the average price target will result in a growth of 292.16% from current levels.