Reasons why Eos Energy Enterprises Inc’s (NASDAQ:EOSE) fundamentals are futile

In yesterday’s Wall Street session, Eos Energy Enterprises Inc (NASDAQ:EOSE) shares traded at $1.29, down -3.73% from the previous session.

6 analysts cover Eos Energy Enterprises Inc (NASDAQ:EOSE), according to research data. 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 $2.00, we find $10.00. Given the previous closing price of $1.34, this indicates a potential upside of 646.27 percent. EOSE stock price is now -41.87% away from the 50-day moving average and -47.08% away from the 200-day moving average. The market capitalization of the company currently stands at $172.85M.

The stock has received a hold rating from 2 analysts and a buy rating from 4. Brokers who have rated the stock have averaged $9.60 as their price target over the next twelve months.

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 $0.76 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 $79995.48. Insiders disposed of 539,223 shares of company stock worth roughly $0.7 million over the past 1 year. A total of 4.43% of the company’s stock is owned by insiders.

On Wednesday morning Eos Energy Enterprises Inc (NASDAQ: EOSE) stock kicked off with the opening price of $1.2800. 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 $2.2190 and a two-hundred day moving average price translates $2.4376 for the stock.

The latest earnings results from Eos Energy Enterprises Inc (NASDAQ: EOSE) was released for Sep, 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 -$1.12 EPS in the same period last year. The company reported revenue of $0.68 million for the quarter, compared to $6.07 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -88.72 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.

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