Stocks of Eos Energy Enterprises Inc. (NASDAQ:EOSE) traded higher last session on Wall Street, down -0.56% to $3.58.
According to the data, Eos Energy Enterprises Inc. (NASDAQ:EOSE) has 6 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $13.00 and a low of $2.50, we find $4.00. Given the previous closing price of $3.60, this indicates a potential upside of 11.11 percent. EOSE stock price is now 18.86% away from the 50-day moving average and 80.35% away from the 200-day moving average. The market capitalization of the company currently stands at $489.46M.
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A total of 3 analysts have issued a hold rating and 3 have given it a buy rating. Brokers who have rated the stock have averaged $4.96 as their price target over the next twelve months.
With the price target enhanced from $3 to $4, B. Riley Securities Downgraded its rating from Buy to Neutral for Eos Energy Enterprises Inc. (NASDAQ: EOSE).
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 $0.57 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 $1.45 million. Insiders disposed of 1,181,080 shares of company stock worth roughly $4.23 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 $2,105,000. FIRST TRUST ADVISORS LP invested $1,830,000 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 $1,112,000. HAREL INSURANCE INVESTMENTS & FINANCIAL SERVICES LTD. acquired a new stake in EOSE for approximately $762,000. WOLVERINE TRADING, LLC purchased a new stake in EOSE valued at around $504,000 in the second quarter. In total, there are 97 active investors with 33.70% ownership of the company’s stock.
Monday’s opening bell rang with an opening price of $3.5100 for Eos Energy Enterprises Inc. (NASDAQ: EOSE). During the past 12 months, Eos Energy Enterprises Inc. has had a low of $0.95 and a high of $5.66. The fifty day moving average price for EOSE is $3.0492 and a two-hundred day moving average price translates $1.9947 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 $2.74M 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.
