Understanding the Risks and Rewards of Investing in HNR Acquisition Corp Inc. (HNRA) Based on Price Performance

Investors’ outlook regarding the stock price performance over the year has been a mixed bag, with a range of optimism to pessimism depending on their perspective. Year to date metric has recorded a loss of -70.67%.However, over the last six months, we can see a stronger performance of -71.33%. Over the last 30 days, the price of HNRA has leaped by -72.22%. And in the last five days, it has fallen by -71.43%.

HNR Acquisition Corp (HNRA) currently has a stock price of $3.00. The stock saw a sharp increase in the last trading session, hitting a high of $7.65 after opening at $7.65. The lowest recorded price for the day was $2.78 before it closed at $6.77.

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The market performance of HNR Acquisition Corp has been somewhat unstable. Over the past year, the company’s stock achieved a high of $13.93 on 10/30/23, with the lowest value for the same timeframe being $5.97, recorded on 11/16/23.

52-week price history of HNRA Stock

A stock’s 52-week price history, including the low and high prices, can offer valuable insights into its current standing and future prospects. HNR Acquisition Corp’s current trading price is -78.46% away from its 52-week high, while its distance from the 52-week low is -49.75%. The stock’s price range over this timeframe has been between $5.97 and $13.93. The shares of the Financial sector company recorded a trading volume of approximately 0.62 million for the day, which was comparatively higher than the average daily volume of 44180.0 over the last three months.

The Connection Between Financial Performance and Market Capitalization

HNR Acquisition Corp (HNRA) has experienced a quarterly decline of -71.75% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 22.56M and boasts a workforce of 2 employees.

How Moving Averages and Trading Volume Data Work Together

Based on Barchart.com data, the company’s moving average over the 100-day period was 10.52, with a change in price of -7.61. Similarly, HNR Acquisition Corp recorded 32,264 in trading volume during the last 100 days, posting a change of -71.72%.

HNRA’s Debt-to-Equity Ratio: A Comprehensive Review

A key metric for assessing a company’s financial well-being and market status is the debt-to-equity (D/E) ratio. This ratio is derived by dividing a company’s total liabilities by its shareholders’ equity, and it demonstrates the level of debt a company uses to support its assets relative to shareholder equity. At the time of writing, the total D/E ratio for HNRA stands at 0.04. Similarly, the long-term debt-to-equity ratio is also 0.00.

HNRA Stock Stochastic Average

The raw stochastic average for HNR Acquisition Corp over the last 50 days is presently at 1.97%. This reflects a surge from the raw stochastic average of the previous 20 days, which was noted at 1.97%. Further, the company’s Stochastic %K and %D values for the last 20 days were 11.67% and 16.56%, respectively.

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