Eon Resources Stock Price on August 23, 2024
| EONR Stock | 0.75 0.10 15.38% |
If you're considering investing in EON Stock, it is important to understand the factors that can impact its price. As of today, the current price of EON Resources stands at 0.75, as last reported on the 29th of December, with the highest price reaching 0.77 and the lowest price hitting 0.63 during the day. EON Resources appears to be abnormally volatile, given 3 months investment horizon. EON Resources secures Sharpe Ratio (or Efficiency) of 0.0495, which denotes the company had a 0.0495% return per unit of risk over the last 3 months. By evaluating EON Resources' technical indicators, you can evaluate if the expected return of 0.84% is justified by implied risk. Please utilize EON Resources' Semi Deviation of 9.53, downside deviation of 10.53, and Mean Deviation of 7.97 to check if our risk estimates are consistent with your expectations.
At this time, EON Resources' Common Stock Shares Outstanding is relatively stable compared to the past year. As of 12/29/2024, Issuance Of Capital Stock is likely to grow to about 107.9 M, though Total Stockholder Equity is likely to grow to (2.7 M). . EON Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
EON |
Sharpe Ratio = 0.0495
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Estimated Market Risk
| 17.01 actual daily | 96 96% of assets are less volatile |
Expected Return
| 0.84 actual daily | 16 84% of assets have higher returns |
Risk-Adjusted Return
| 0.05 actual daily | 3 97% of assets perform better |
Based on monthly moving average EON Resources is performing at about 3% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of EON Resources by adding it to a well-diversified portfolio.
Price Book 1.4102 | Enterprise Value Ebitda 4 K | Price Sales 0.2627 | Shares Float 480.6 K | Wall Street Target Price 6 |
EON Resources Valuation on August 23, 2024
It is possible to determine the worth of EON Resources on a given historical date. On August 23, 2024 EON was worth 2.2 at the beginning of the trading date compared to the closed value of 2.23. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of EON Resources stock. Still, in general, we apply an absolute valuation method to find EON Resources' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of EON Resources where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against EON Resources' related companies.
| Open | High | Low | Close | Volume | |
| 2.19 | 2.30 | 2.03 | 2.17 | 165,200 | |
08/23/2024 | 2.20 | 2.35 | 2.08 | 2.23 | 384,100 |
| 2.27 | 2.40 | 2.11 | 2.12 | 222,700 |
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EON Resources Trading Date Momentum on August 23, 2024
| On August 26 2024 EON Resources was traded for 2.12 at the closing time. The top price for the day was 2.40 and the lowest listed price was 2.11 . The trading volume for the day was 222.7 K. The trading history from August 26, 2024 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 4.93% . The overall trading delta against the current closing price is 26.46% . |
EON Resources Fundamentals Correlations and Trends
By evaluating EON Resources' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among EON Resources' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. EON financial account trend analysis is a perfect complement when working with valuation or volatility modules.About EON Resources Stock history
EON Resources investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for EON is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in EON Resources will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing EON Resources stock prices may prove useful in developing a viable investing in EON Resources
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 5.2 M | 8 M |
EON Resources Stock Technical Analysis
EON Resources technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
EON Resources Period Price Range
Low | December 29, 2024
| High |
0.00 | 0.00 |
EON Resources cannot be verified against its exchange. Please verify the symbol is currently traded on NYSE MKT Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
EON Resources December 29, 2024 Market Strength
Market strength indicators help investors to evaluate how EON Resources stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading EON Resources shares will generate the highest return on investment. By undertsting and applying EON Resources stock market strength indicators, traders can identify EON Resources entry and exit signals to maximize returns
EON Resources Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for EON Resources' price direction in advance. Along with the technical and fundamental analysis of EON Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of EON to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0301 | |||
| Jensen Alpha | 0.4139 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.0383 | |||
| Treynor Ratio | 0.8191 |
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Additional Tools for EON Stock Analysis
When running EON Resources' price analysis, check to measure EON Resources' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy EON Resources is operating at the current time. Most of EON Resources' value examination focuses on studying past and present price action to predict the probability of EON Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EON Resources' price. Additionally, you may evaluate how the addition of EON Resources to your portfolios can decrease your overall portfolio volatility.