Eos Energy Enterprises Inc. (NASDAQ:EOSE) saw an upside of 2.67% to close Tuesday at $2.31 after adding $0.06 on the day. The 5-day average trading volume is 4,993,420 shares of the company’s common stock. It has gained $2.79 in the past week and touched a new high 2 times within the past 5 days. An average of 10,096,955 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 8,708,016.
EOSE’s 1-month performance is -52.86% or -$2.23 on its low of $1.24 reached on 07/27/23. The company’s shares have touched a 52-week low of $0.95 and high of $5.66, with the stock’s rally to the 52-week high happening on 06/29/23. YTD, EOSE has achieved 56.08% or $0.83 and has reached a new high 23 times. However, the current price is down -59.22% from the 52-week high price.
Insider Transactions
EOSE stock investors last saw insider trading activity on Jul 28.Shribman Daniel (Former Director) most recently sold 50,000 shares at $1.17 per share on Nov 10. This transaction cost the insider $58,505. Former Director, Shribman Daniel, sold 281,750 shares at a price of $1.21 on Nov 09. Then, on Nov 08, Former Director Shribman Daniel sold 662,000 shares at a price of $1.31 per share. This transaction amounted to $866,227.
Valuation Metrics
EOSE stock has a beta of 2.75. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 12.96.
Eos Energy Enterprises Inc.’s quick ratio for the recent period was 0.50, with the current ratio over the same period at 0.80. The trailing 12-month EBITDA margin is -1153.48%. The firm’s gross profit as reported stood at -$135.34 million against revenue of $17.92 million.
Earnings Surprise
Eos Energy Enterprises Inc.’s cash and short-term investments amounted to $5.67 million against total debt of $214.79 million. Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 36.05% to -$71.6 million, while revenue of -$56.61 million was 20.94% off the previous quarter. EBITDA for the quarter stood at more than -$35.35 million. EOSE stock balance sheet for the recent quarter shows that total liabilities totaled 275.32 million, with total debt at $214.79 million. Shareholders hold equity totaling $115.85 million.
Let’s look briefly at Eos Energy Enterprises Inc. (EOSE) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 08 August was 32.16% to suggest the stock is trending Neutral, with historical volatility in this time period at 165.11%.
The stock’s 5-day moving average is $2.44, reflecting a -9.77% or -$0.25 change from its current price. EOSE is currently trading -50.32% above its 20-day SMA, +28.33% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +22.22% and SMA200 by+42.59%.
Stochastic %K and %D was 41.78% and 43.02% and the average true range (ATR) pointed at 0.44. The RSI (14) points at 36.02%, while the 14-day stochastic is at 44.58% with the period’s ATR at 0.47. The stock’s 9-day MACD Oscillator is pointing at -0.12 and -0.39 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Eos Energy Enterprises Inc. (NASDAQ: EOSE), B. Riley Securities downgraded it to a Neutral rating. They previously had a Buy rating on the stock. Analysts offering their rating for EOSE stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate EOSE as a “sell,”, while 3 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 5 have offered a “buy” rating.
What is EOSE’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $2.50 and a high of $13.00, with their median price target at $4.00. Looking at these predictions, the average price target given by analysts is for Eos Energy Enterprises Inc. (EOSE) stock is $4.96.
