HNRA Company Profile and Key Details

HNRA has shown weak momentum, losing -4.8% over the past week and -47.58% over the past quarter, though year-to-date performance is down -41.23%. Short-term trend indicators are bullishly aligned (SMA20 -28.81%, SMA50 -44.91%, SMA200 -46.85%). The stock’s 14-day RSI is 31.07 (weak momentum), while the ATR of 0.25 points to higher daily volatility. The stock remains hovering near 52-week lows, trading -91.46% below its high and over 20.2% above its low.

HNR Acquisition Corp earnings surprise history is a mixed track record. The quarter that ended August 20, 2024, missed forecasts by 620.0%. The prior quarter beat by 780.0%. Over the last six quarters, Apple has recorded several small beats. These include 780.0% in August 16, 2024.

HNR Acquisition Corp has 5.59 million shares outstanding. The public float is 480.65 thousand shares, elevated short interest at 1.17% of float. This equals 24.09 thousand shares. The short ratio is 0.12 days. Institutional investors hold 122.0% of the float. Insiders own 72.07%. Pogo Royalty, LLC holds 2.00 million shares, Salvucci Joseph V Sr has 1.17 million shares and Salvucci Joseph V Jr has 132.78 thousand shares.

Dividend and splits history remains an important factor for investors monitoring long-term returns.

HNR Acquisition Corp (AMEX:HNRA) closed at $1.19 USD, gaining $0.08 (7.21%) from the previous close of $1.11. The stock is currently mid-range between its 52-week high and low $0.87 and $13.93. With a market capitalization of about $6.65 million, HNR Acquisition Corp is classified as a micro-cap and shows lower-than-market volatility (beta ~-0.89). Key stats such as the average daily volume over the past year has been around 215.34 thousand shares, volume is running light vs its 52-week average. Headquartered in Houston, TX, HNR Acquisition Corp operates in the Financial Services sector and the Shell Companies industry. Led by CEO Dante V. Caravaggio, the company employs approximately 10 people and listed since April 06, 2022. HNR Acquisition Corp. does not have significant operations.

Our AI price prediction model suggests that HNR Acquisition Corp stock has strong potential for upside but may face short-term weakness followed by gains in the medium and long term. 2-Week Outlook: Projected decline of -28.37%, with price expected at $1.01 by October 28, 2024, within a range of $0.61 to $1.45 3-Month Outlook: Projected fall of -90.78%, reaching $0.13 by December 16, 2024, with a range of $0.00 to $0.26. 1-Year Outlook: Projected loss of -58.87%, with price at $0.58 by September 17, 2025, within a range of $0.00 to $0.00.

HNR Acquisition Corp (AMEX:HNRA) shares are down -41.23% year-to-date currently trading near 52-week highs band. Short-term momentum has been negative over the last quarter, despite recent volatility. Valuation shows HNR Acquisition Corp trading at a premium to the broader market with a P/E of -0.0. Analyst sentiment is bullish, with the majority of ratings in Buy territory and a mean price target of $6.75, suggesting 378.72% upside. Our AI forecast model points to short-term weakness (-28.37% over two weeks), a medium-term fall (-90.78% over three months), and a longer-term loss (-58.87% over one year), with expected trading ranges indicating moderate volatility.

HNR Acquisition Corp trades at a P/E ratio of -0.0, slightly below the S&P 500 average, with a price-to-sales ratio of 0.0 and a price-to-book ratio of 0.1 suggesting the stock is closer to book value. The P/FCF stands at 0.0, also below market averages.