In yesterday’s Wall Street session, Eos Energy Enterprises Inc. (NASDAQ:EOSE) shares traded at $3.51, up 13.59% from the previous session.
As of this writing, 8 analysts cover Eos Energy Enterprises Inc. (NASDAQ:EOSE). 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 $3.09, this indicates a potential upside of 29.45 percent. EOSE stock price is now 5.38% away from the 50-day moving average and 61.93% away from the 200-day moving average. The market capitalization of the company currently stands at $414.00M.
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There are 3 analysts who have given it a hold rating, whereas 5 have given it a buy rating. Brokers who have rated the stock have averaged $5.21 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, 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 $1.95 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 $17550.0. Insiders disposed of 1,181,080 shares of company stock worth roughly $4.15 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 LEGAL & GENERAL GROUP PLC during the first quarter worth $28,860,000. MIRAE ASSET GLOBAL INVESTMENTS CO., LTD. invested $11,694,000 in shares of EOSE during the first quarter. In the first quarter, INVESCO LTD. acquired a new stake in Eos Energy Enterprises Inc. valued at approximately $8,885,000. WALLEYE CAPITAL LLC acquired a new stake in EOSE for approximately $5,300,000. NATIONAL BANK OF CANADA /FI/ purchased a new stake in EOSE valued at around $3,530,000 in the second quarter. In total, there are 114 active investors with 33.70% ownership of the company’s stock.
Friday morning saw Eos Energy Enterprises Inc. (NASDAQ: EOSE) opened at $3.1500. 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 $3.3380 and a two-hundred day moving average price translates $2.1770 for the stock.
The latest earnings results from Eos Energy Enterprises Inc. (NASDAQ: EOSE) was released for Jun, 2023. According to the Electrical Equipment & Parts Company, earnings per share came in at -$1.12, missing analysts’ expectations of -$0.37 by -0.75. This compares to -$1.01 EPS in the same period last year. The company reported revenue of $0.25 million for the quarter, compared to $5.89 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -95.78 percent. For the current quarter, analysts expect EOSE to generate $5.3M 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.
