In Wednesday’s Wall Street session, Eos Energy Enterprises Inc (NASDAQ:EOSE) shares traded at $4.97, up 26.14% from the previous session.
EOSE stock price is now -2.89% away from the 50-day moving average and 69.84% away from the 200-day moving average. The market capitalization of the company currently stands at $1.08B.
With the price target enhanced from $4 to $5, ROTH MKM Downgraded its rating from Buy to Neutral for Eos Energy Enterprises Inc (NASDAQ: EOSE). , while ‘Seaport Research Partners’ rates the stock as ‘Neutral’
In other news, Bornstein Jeffrey S, Director sold 132,720 shares of the company’s stock on Sep 12 ’24. The stock was sold for $349,054 at an average price of $2.63. Upon completion of the transaction, the Director now directly owns 7,999 shares in the company, valued at $39755.03. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 12 ’24, Director Bornstein Jeffrey S sold 30,000 shares of the business’s stock. A total of $78,600 was realized by selling the stock at an average price of $2.62. This leaves the insider owning 84,929 shares of the company worth $0.42 million. A total of 2.96% of the company’s stock is owned by insiders.
During the past 12 months, Eos Energy Enterprises Inc has had a low of $0.61 and a high of $6.64.
The company reported revenue of $7.25 million for the quarter, compared to $6.61 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 9.73 percent.
