Analysts’ Views On Eos Energy Enterprises Inc. (EOSE)

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Eos Energy Enterprises Inc. (NASDAQ:EOSE) traded with an addition of $0.21 to close at $1.38 on Friday, an upside of 18.00 percent. An average of 3,236,614 shares of common stock have been traded in the last five days. There was a gain of $0.3566 in the past week, and it reached a new high 2 times over the past 12 months. The last 20 days have seen an average of 3,794,329 shares traded, while the 50-day average volume stands at 2,335,121.

EOSE stock has increased by 13.59% in the last month. The company shares reached their 1-month lowest point of $0.9600 on 12/14/22. With the stock rallying to its 52-week high on 01/03/22, shares of the company touched a low of $0.95 and a high of $8.16 in 52 weeks. It has reached a new high 1 time so far this year and lost -84.44% or -$6.1134 in price. In spite of this, the price is down -83.08% from the 52-week high.


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Insider Transactions

EOSE stock investors should be aware that Eos Energy Enterprises Inc. (EOSE) stock had its last reported insider trading activity 50 days ago on Nov 10. In this transaction, the insider spent $58,505. Former Director, Shribman Daniel, disposed of 281,750 shares at a price of $1.21 on Nov 09. The insider now owns more than $341,087 worth of shares. Prior to that, Former Director Shribman Daniel went on to Sale 662,000 shares at $1.31 each on Nov 08. An amount of $866,227 was transacted.

Financial Health

The quick ratio of Eos Energy Enterprises Inc. for the three months ended September 29 was 1.00, and the current ratio was 1.50, indicating that the company is able to meet its debt obligations. Its gross profit as reported stood at -$41.9 million compared to revenue of $4.6 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Eos Energy Enterprises Inc.’s return on assets was -153.20%.

Earnings Surprise

For the three-month period that ended September 29, Eos Energy Enterprises Inc. had $9.28 million in cash and short-term investments compared to $81.95 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$70.72 million in the quarter, while revenues of -$56.69 million were grew 74.38%. The analyst consensus anticipated Eos Energy Enterprises Inc.’s latest quarter earnings to come in at -$0.69 per share, but it turned out to be -$1.12, a -62.30% surprise. For the quarter, EBITDA amounted to -$60.85 million. Shareholders own equity worth $74.1 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Eos Energy Enterprises Inc. (EOSE) price momentum. RSI 9-day as of the close on 29 December was 73.87%, suggesting the stock is Overbought, with historical volatility in this time frame at 113.44%.

As of today, EOSE’s price is $1.1733 +33.96% or $0.3566 from its 5-day moving average. EOSE is currently trading +35.25% higher than its 20-day SMA and -49.22% lower than its 100-day SMA. However, the stock’s current price level is -13.17% below the SMA50 and -53.73% below the SMA200.

The stochastic %K and %D were 74.27% and 69.44%, respectively, and the average true range (ATR) was 0.1244. With the 14-day stochastic at 84.26% and the average true range at 0.1221, the RSI (14) stands at 64.97%. The stock has reached 0.0881 on the 9-day MACD Oscillator while the 14-day reading was at 0.1155.

Analyst Ratings

Stifel launched coverage on Eos Energy Enterprises Inc. (NASDAQ: EOSE) in its analyst report released on December 02, 2022. The firm assigned the stock a Buy rating. The consensus rating for Eos Energy Enterprises Inc. (EOSE) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell EOSE, while 2 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 5 others rate it as a “buy”.

What is EOSE’s price target for the next 12 months?

Analysts predict a range of price targets between $3.00 and $11.00, with a median target of $4.00. Taking a look at these predictions, the average price target given by analysts for Eos Energy Enterprises Inc. (EOSE) stock is $5.75.

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