Is Eos Energy Enterprises Inc. (EOSE) Stock Cheap Or Risky?


As of Friday close, Eos Energy Enterprises Inc.’s (NASDAQ:EOSE) stock was up $0.13, moving up 6.16 percent to $2.24. The average number of shares traded per day over the past five days has been 3,088,740 shares. 5 times new highs have been achieved over the past 5 days, with a $0.49 gain in that time frame. In the last twenty days, the average volume was 4,006,730, while in the previous 50 days, it was 2,695,330.

Since last month, EOSE stock rose 58.87%. Shares of the company fell to $1.54 on 03/01/23, the lowest level in the past month. A 52-week high of $4.97 was reached on 02/27/23 after having rallying from a 52-week low of $0.95. Since the beginning of this year, EOSE’s stock price has risen by 51.35% or $0.76, and marked a new high 7 times. However, the stock has declined by -54.93% since its 52-week high.

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EOSE stock investors should be aware that Eos Energy Enterprises Inc. (EOSE) stock had its last reported insider trading activity 128 days ago on Nov 10. Stidolph Russell Monoki, the Director of the company, purchased of 79,850 shares for $1.24 on Nov 10. It resulted in a $99,166 investment by the insider. Mastrangelo Joe added 65,000 shares at an average price of $1.15 on Nov 10. The insider now owns 403,727 shares following the transaction. On Nov 10, Director Bornstein Jeffrey S bought 20,000 shares at $1.30 apiece. The transaction was valued at $25,936.

Financial Health

In the three months ended December 30, Eos Energy Enterprises Inc.’s quick ratio stood at 0.50, while its current ratio was 0.90, showing that the company is not able to pay off its debt. Based on annual data, EOSE earned -$135.34 million in gross profit and brought in $17.92 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -513.30%. Return on equity (ROE) for the past 12 months was 318.00%.

In Eos Energy Enterprises Inc.’s quarter-end financial report for December 30, it reported total debt of $87.32 million against cash and short-term investments of $4.79 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. EOSE’s revenue fell -16.1% to $6.07 million during the quarter, while net income inched up to $2.67 million. While analysts expected Eos Energy Enterprises Inc. to report -$0.72 quarterly earnings, the actual figure was -$0.68 per share, beating the consensus estimate by 5.60%. During the quarter, the company generated -$44.23 million in EBITDA. The liabilities of Eos Energy Enterprises Inc. were 239.5 million at the end of its most recent quarter ended December 30, and its total debt was $181.22 million. The value of shareholders’ equity is $84.89 million.

Technical Picture

This quick technical analysis looks at Eos Energy Enterprises Inc.’s (EOSE) price momentum. With a historical volatility rate of 114.94%, the RSI 9-day stood at 66.26% on 17 March.

With respect to its five-day moving average, the current Eos Energy Enterprises Inc. price is up by +28.00% percent or $0.49. At present, EOSE shares trade +46.41% above its 20-day simple moving average and +56.64% percent above its 100-day simple moving average. However, the stock is currently trading approximately +50.34% above its SMA50 and +62.32% above its SMA200.

Stochastic coefficient K was 61.36% and Stochastic coefficient D was 47.51%, while ATR was 0.25. Given the Stochastic reading of 86.42% for the 14-day period, the RSI (14) reading has been calculated as 62.93%. As of today, the MACD Oscillator reading stands at 0.12, while the 14-day reading stands at 0.14.

Analyst Ratings

Stifel launched its rating on Eos Energy Enterprises Inc. (NASDAQ: EOSE) to a Buy in a note to investors on December 02, 2022. Eos Energy Enterprises Inc. (EOSE) has been rated Buy by analysts. According to 0 brokerage firms, EOSE is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Eos Energy Enterprises Inc. stock as buy, with 5 recommending it as overweight.

With a median target price of $3.25, the current consensus forecast for the stock is $3.00 – $11.00. Based on these forecasts, analysts predict Eos Energy Enterprises Inc. (EOSE) will achieve an average price target of $4.58.


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