Eos Energy Enterprises Inc (NASDAQ:EOSE) finished Wednesday with a subtraction of -$0.14 to close at $2.20, a downside of -5.77 percent. An average of 8,623,660 shares of common stock have been traded in the last five days. There was a gain of $0.06 in the past week, and it reached a new high 23 times over the past 12 months. The last 20 days have seen an average of 12,715,016 shares traded, while the 50-day average volume stands at 10,667,050.
EOSE stock has decreased by -37.71% in the last month. The company shares reached their 1-month lowest point of $2.00 on 09/21/23. With the stock rallying to its 52-week high on 06/29/23, shares of the company touched a low of $0.95 and a high of $5.66 in 52 weeks. It has reached a new high 23 times so far this year and achieved 48.99% or $0.72 in price. In spite of this, the price is down -61.08% 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 21 days ago on Sep 21. In this transaction, the insider spent $55,998. Former Director, Shribman Daniel, disposed of 50,000 shares at a price of $1.17 on Nov 10. The insider now owns more than $58,505 worth of shares. Prior to that, Former Director Shribman Daniel went on to Sale 281,750 shares at $1.21 each on Nov 09. An amount of $341,087 was transacted.
Valuation Metrics
Eos Energy Enterprises Inc (EOSE) stock’s beta is 2.72. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 16.58.
Financial Health
The quick ratio of Eos Energy Enterprises Inc for the three months ended June 29 was 0.79, and the current ratio was 1.49, indicating that the company is not able to meet its debt obligations. Eos Energy Enterprises Inc’s EBITDA margin for the year ending June 29 is -1153.48%, while its operating margin for the same period stands at -976.83%. Its gross profit as reported stood at -$135.34 million compared to revenue of $17.92 million.
Earnings Surprise
For the three-month period that ended June 29, Eos Energy Enterprises Inc had $87.61 million in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$131.63 million in the quarter, while revenues of -$71.6 million were grew 56.93%. The analyst consensus anticipated Eos Energy Enterprises Inc’s latest quarter earnings to come in at -$0.37 per share, but it turned out to be -$1.12, a -202.70% surprise. For the quarter, EBITDA amounted to -$31.88 million. Shareholders own equity worth $134.0 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 27 September was 36.25%, suggesting the stock is Neutral, with historical volatility in this time frame at 99.85%.
As of today, EOSE’s price is $2.28 +3.04% or $0.06 from its 5-day moving average. EOSE is currently trading -40.08% lower than its 20-day SMA and +19.84% higher than its 100-day SMA. However, the stock’s current price level is -37.54% below the SMA50 and +95.13% above the SMA200.
The stochastic %K and %D were 23.58% and 20.10%, respectively, and the average true range (ATR) was 0.35. With the 14-day stochastic at 17.64% and the average true range at 0.38, the RSI (14) stands at 39.39%. The stock has reached -0.01 on the 9-day MACD Oscillator while the 14-day reading was at -0.13.
Analyst Ratings
Seaport Research Partners downgraded Eos Energy Enterprises Inc (NASDAQ: EOSE) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as a Buy. 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 $4.50 and $17.00, with a median target of $10.00. Taking a look at these predictions, the average price target given by analysts for Eos Energy Enterprises Inc (EOSE) stock is $10.25.
