As of Wednesday close, Eos Energy Enterprises Inc.’s (NASDAQ:EOSE) stock was down -$0.26, moving down -10.83 percent to $2.14. The average number of shares traded per day over the past five days has been 9,992,160 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.38 fall in that time frame. In the last twenty days, the average volume was 12,695,860, while in the previous 50 days, it was 10,635,716.
Since last month, EOSE stock retreated -32.70%. Shares of the company fell to $2.13 on 09/20/23, the lowest level in the past month. A 52-week high of $5.66 was reached on 06/29/23 after having rallying from a 52-week low of $0.95. Since the beginning of this year, EOSE’s stock price has risen by 44.59% or $0.66, and marked a new high 23 times. However, the stock has declined by -62.22% since its 52-week high.
EOSE stock investors should be aware that Eos Energy Enterprises Inc. (EOSE) stock had its last reported insider trading activity 14 days ago on Sep 07. Demby Claude, the Director of the company, disposed of 20,143 shares for $2.78 on Sep 07. It resulted in a $55,998 divestment by the insider. Mastrangelo Joe added 31,199 shares at an average price of $2.23 on Jul 28. The insider now owns 554,299 shares following the transaction. On Jul 28, Director DIMITRIEF ALEXANDER bought 5,000 shares at $2.13 apiece. The transaction was valued at $10,641.
Financial Health
In the three months ended June 29, Eos Energy Enterprises Inc.’s quick ratio stood at 1.10, while its current ratio was 1.50, showing that the company is 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 211.20%.
In Eos Energy Enterprises Inc.’s quarter-end financial report for June 29, it reported total debt of $87.61 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 -2260.0% to $8.84 million during the quarter, while net income inched up to $0.25 million. While analysts expected Eos Energy Enterprises Inc. to report -$0.37 quarterly earnings, the actual figure was -$1.12 per share, beating the consensus estimate by -202.70%. During the quarter, the company generated -$31.88 million in EBITDA. The liabilities of Eos Energy Enterprises Inc. were 338.49 million at the end of its most recent quarter ended June 29, and its total debt was $237.71 million. The value of shareholders’ equity is $134.0 million.
Technical Picture
This quick technical analysis looks at Eos Energy Enterprises Inc.’s (EOSE) price momentum. With a historical volatility rate of 86.16%, the RSI 9-day stood at 31.69% on 20 September.
With respect to its five-day moving average, the current Eos Energy Enterprises Inc. price is down by -15.08% percent or -$0.38. At present, EOSE shares trade -31.19% below its 20-day simple moving average and +22.29% percent above its 100-day simple moving average. However, the stock is currently trading approximately -53.98% below its SMA50 and +105.77% above its SMA200.
Stochastic coefficient K was 2.72% and Stochastic coefficient D was 4.23%, while ATR was 0.41. Given the Stochastic reading of 0.37% for the 14-day period, the RSI (14) reading has been calculated as 36.94%. As of today, the MACD Oscillator reading stands at -0.25, while the 14-day reading stands at -0.49.
Analyst Ratings
Eos Energy Enterprises Inc. downgraded its rating on Eos Energy Enterprises Inc. (NASDAQ: EOSE) to a Neutral in a note to investors on September 05, 2023. The analysts firm previously had a Buy rating on the stock.Eos Energy Enterprises Inc. (EOSE) has been rated Overweight by analysts. According to 0 brokerage firms, EOSE is a sell, and 2 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 $10.00, the current consensus forecast for the stock is $4.50 – $17.00. Based on these forecasts, analysts predict Eos Energy Enterprises Inc. (EOSE) will achieve an average price target of $10.25.
