The stock of Eos Energy Enterprises Inc. (NASDAQ:EOSE) decreased by -$0.03 on Friday to finish at $2.36, down -1.46 percent. The last five days have seen an average of 3,327,596 shares of common stock traded. 23 times new highs were reached in the current year, with a gain of $0.86. The average number of shares traded over the last 20 days was 9,038,009, while the average volume over the last 50 days totaled 8,616,554.
EOSE stock dropped -34.58% since last month. On 07/27/23, the company’s shares reached a one-month low of $1.24. The stock touched a high of $5.66 on 06/29/23, after rallying from a low of $0.95 in 52 weeks. The price of EOSE stock has risen by 59.12% or $0.86 this year, reaching a new high 23 times. Still, the stock price is down -58.43% 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 17 days ago on Jul 28. On Jul 28, Chief Executive Officer Mastrangelo Joe acquired 31,199 shares at $2.23 each. This transaction resulted in the insider spending $69,574. On Jul 28, DIMITRIEF ALEXANDER added 5,000 shares at a price of US$2.13. After the transaction, the insider now owns 5,000 shares. Chief Financial Officer Kroeker Nathan had earlier bought 4,000 shares on Jul 28 for $2.15 a share. The transaction was completed for $8,582.
Financial Health
For the three months ended March 30, Eos Energy Enterprises Inc.’s quick ratio was 0.50, while its current ratio was 0.80, indicating its inability to pay off its debt. Based on annual data, it had gross profit of -$135.34 million and revenue of $17.92 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. EOSE’s return on assets (ROA) during the last 12 months has been -230.90%. There was a -513.30% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 225.00%.
Earnings Surprise
According to Eos Energy Enterprises Inc.’s quarterly financial report for the quarter that ended March 30, it had $87.45 million in total debt versus $5.67 million in cash and short-term investments. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $8.84 million, while revenues rose by 62.67% to $2.67 million. It was predicted that Eos Energy Enterprises Inc.’s quarterly earnings would be -$0.82, but it ended up being -$0.69, beating the consensus by -18.80%. EBITDA was -$35.35 million for the quarter. At the end of Eos Energy Enterprises Inc.’s most recent quarter ended March 30, its liabilities totaled 275.32 million, while its total debt was $214.79 million. Equity owned by shareholders amounts to $115.85 million.
Technical Picture
Here’s a quick look at Eos Energy Enterprises Inc.’s (EOSE) price momentum from a technical perspective. As of 11 August, the RSI 9-day stood at 36.36%, suggesting the stock is Neutral, with a 68.12% historical volatility rate.
The stochastic %K and %D were 45.21% and 44.70% respectively, while the average true range (ATR) was 0.35. Based on the 14-day stochastic reading of 45.63%, the RSI (14) reading is 38.06%. On the 9-day MACD Oscillator, the stock is at -0.07, and the 14-day reading is at -0.17.
Analyst Ratings
Eos Energy Enterprises Inc. (NASDAQ: EOSE) was downgraded by B. Riley Securities to a a Neutral rating in its latest research report. The stock was previously rated as a a Buy. Analysts have assigned Eos Energy Enterprises Inc. (EOSE) an Overweight rating. EOSE is a stock that is recommended for selling by 0 brokerage firms, while 3 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 5 others recommend it as a buy.
What is EOSE’s price target for the next 12 months?
The current consensus forecast for the stock is between $2.50 and $13.00, with a median target price of $4.00. In analyzing these forecasts, the average price target given by analysts for Eos Energy Enterprises Inc. (EOSE) is $4.96.
