In yesterday’s Wall Street session, Eos Energy Enterprises Inc (NASDAQ:EOSE) shares traded at $1.65, down -4.07% from the previous session.
EOSE stock price is now -35.14% away from the 50-day moving average and -32.01% away from the 200-day moving average. The market capitalization of the company currently stands at $221.08M.
In other news, Mastrangelo Joe, Chief Executive Officer bought 36,500 shares of the company’s stock on Sep 21. The stock was bought for $74,810 at an average price of $2.05. Upon completion of the transaction, the Chief Executive Officer now directly owns 590,799 shares in the company, valued at $0.97 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 07, Director Demby Claude sold 20,143 shares of the business’s stock. A total of $55,998 was realized by selling the stock at an average price of $2.78. This leaves the insider owning 62,012 shares of the company worth $0.1 million. Insiders disposed of 1,201,223 shares of company stock worth roughly $1.98 million over the past 1 year. A total of 4.40% 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 $13,566,000. MIRAE ASSET GLOBAL INVESTMENTS CO., LTD. invested $5,497,000 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 $4,177,000. WALLEYE CAPITAL LLC acquired a new stake in EOSE for approximately $2,492,000. EAM INVESTORS, LLC purchased a new stake in EOSE valued at around $585,000 in the second quarter. In total, there are 114 active investors with 63.92% ownership of the company’s stock.
On Friday morning Eos Energy Enterprises Inc (NASDAQ: EOSE) stock kicked off with the opening price of $1.6500. 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 $2.5318 and a two-hundred day moving average price translates $2.4278 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 $4.37M 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.
