The stock of Eos Energy Enterprises Inc. (NASDAQ:EOSE) last traded at $2.32, up 7.91% from the previous session.
Data from the available sources indicates that Eos Energy Enterprises Inc. (NASDAQ:EOSE) is covered by 6 analysts. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $13.00 and a low of $3.00, we find $3.75. Given the previous closing price of $2.15, this indicates a potential upside of 74.42 percent. EOSE stock price is now 4.22% away from the 50-day moving average and 30.27% away from the 200-day moving average. The market capitalization of the company currently stands at $236.18M.
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In total, 1 analysts have assigned it a hold rating, and 5 have given it a buy rating. Brokers who have rated the stock have averaged $5.08 as their price target over the next twelve months.
With the price target of $11, Stifel recently initiated with Buy rating for Eos Energy Enterprises Inc. (NASDAQ: EOSE)., while ‘B. Riley Securities’ rates the stock as ‘Buy’.
In other news, Stidolph Russell Monoki, Director bought 79,850 shares of the company’s stock on Nov 10. The stock was bought for $99,166 at an average price of $1.24. Upon completion of the transaction, the Director now directly owns 160,310 shares in the company, valued at $0.37 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 10, Chief Executive Officer Mastrangelo Joe bought 65,000 shares of the business’s stock. A total of $74,744 was incurred on buying the stock at an average price of $1.15. This leaves the insider owning 403,727 shares of the company worth $0.94 million. Insiders disposed of 1,181,782 shares of company stock worth roughly $2.74 million over the past 1 year. A total of 0.80% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in EOSE stock. A new stake in Eos Energy Enterprises Inc. shares was purchased by COVALIS CAPITAL LLP during the first quarter worth $1,364,000. FIRST TRUST ADVISORS LP invested $1,186,000 in shares of EOSE during the first quarter. In the first quarter, CLEAR SKY ADVISERS, LLC acquired a new stake in Eos Energy Enterprises Inc. valued at approximately $721,000. WOLVERINE TRADING, LLC acquired a new stake in EOSE for approximately $326,000. GARNET EQUITY CAPITAL HOLDINGS, INC. purchased a new stake in EOSE valued at around $278,000 in the second quarter. In total, there are 97 active investors with 33.70% ownership of the company’s stock.
With an opening price of $2.1200 on Thursday morning, Eos Energy Enterprises Inc. (NASDAQ: EOSE) set off the trading day. During the past 12 months, Eos Energy Enterprises Inc. has had a low of $0.95 and a high of $3.40. The fifty day moving average price for EOSE is $2.2352 and a two-hundred day moving average price translates $1.7790 for the stock.
The latest earnings results from Eos Energy Enterprises Inc. (NASDAQ: EOSE) was released for Mar, 2023. According to the Electrical Equipment & Parts Company, earnings per share came in at -$0.82, missing analysts’ expectations of -$0.69 by -0.13. This compares to -$0.85 EPS in the same period last year. The company reported revenue of $8.84 million for the quarter, compared to $3.3 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 167.89 percent. For the current quarter, analysts expect EOSE to generate $3.65M in revenue.
Eos Energy Enterprises Inc.(EOSE) Company Profile
Eos Energy Enterprises, Inc. designs, manufactures, and markets zinc-based energy storage solutions for utility, commercial and industrial, and microgrid markets in the United States. The company’s flagship product is the Eos Znyth DC system, a battery that can be used as an alternative to Li-ion batteries. Eos Energy Enterprises, Inc. was founded in 2008 and is headquartered in Edison, New Jersey.
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