The price of Eos Energy Enterprises Inc. (NASDAQ:EOSE) shares last traded on Wall Street rose 0.43% to $2.32.
EOSE stock price is now -29.23% away from the 50-day moving average and 10.96% away from the 200-day moving average. The market capitalization of the company currently stands at $305.85M.
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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, Mastrangelo Joe, Chief Executive Officer bought 31,199 shares of the company’s stock on Jul 28. The stock was bought for $69,574 at an average price of $2.23. Upon completion of the transaction, the Chief Executive Officer now directly owns 554,299 shares in the company, valued at $1.29 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 28, Director DIMITRIEF ALEXANDER bought 5,000 shares of the business’s stock. A total of $10,641 was incurred on buying the stock at an average price of $2.13. This leaves the insider owning 5,000 shares of the company worth $11600.0. Insiders disposed of 1,181,080 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 NATIONAL BANK OF CANADA /FI/ during the first quarter worth $2,333,000. COVALIS CAPITAL LLP invested $1,364,000 in shares of EOSE during the first quarter. In the first quarter, FIRST TRUST ADVISORS LP acquired a new stake in Eos Energy Enterprises Inc. valued at approximately $1,186,000. CLEAR SKY ADVISERS, LLC acquired a new stake in EOSE for approximately $721,000. BANK OF MONTREAL /CAN/ purchased a new stake in EOSE valued at around $679,000 in the second quarter. In total, there are 114 active investors with 33.70% ownership of the company’s stock.
A candlestick chart of Eos Energy Enterprises Inc. (NASDAQ: EOSE) showed a price of $2.3500 on Wednesday morning. 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 $3.2870 and a two-hundred day moving average price translates $2.0952 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 $2.33M 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.
