In the last trading session, 1,644,510 Eos Energy Enterprises, Inc. (NASDAQ:EOSE) shares changed hands as the company’s beta touched 0. With the company’s per share price at $19.39 changed hands at -$0.55 or -0.03% during last session, the market valuation stood at $1Billion. EOSE’s last price was a discount, traded about -64.78% off its 52-week high of $31.95. The share price had its 52-week low at $10.01, which suggests the last value was 48.38% up since then. When we look at Eos Energy Enterprises, Inc.’s average trading volume, we note the 10-day average is 584.72 Million shares, with the 3-month average coming to 775.4 Million.
Analysts gave the Eos Energy Enterprises, Inc. (EOSE) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2. If we narrow down to specifics, the data shows that none out of 2 analysts rate the stock as a Sell, with a further none assigning it an Overweight rating. Of the remaining, none recommended EOSE as a Hold, 2 felt it is a Buy and none rated the stock as Underweight. Eos Energy Enterprises, Inc.’s EPS for the current quarter is expected to be -$0.2.
Eos Energy Enterprises, Inc. (NASDAQ:EOSE) trade information
Although EOSE has turned red as seen at the end of in last trading. With action -2.76%, the performance over the past five days has been red. The jump to weekly highs of $20.42 on Thursday, Jun 17 added 5.04% to the stock’s daily price. The company’s shares are showing year-to-date downside of -0.07%, with the 5-day performance at -0.02% in the red. However, in the 30-day time frame, Eos Energy Enterprises, Inc. (NASDAQ:EOSE) is 0.46% up. Looking at the short shares, we see there were 7.47 Million shares sold at short interest cover period of 0.01 days.
The consensus price target for the stock as assigned by Wall Street analysts is $26, meaning bulls need an upside of 34.09% from its current market value. According to analyst projections, EOSE’s forecast low is $25 with $27 as the target high. To hit the forecast high, the stock’s price needs a +39.25% upsurge from its current level, while the stock would need to tank 28.93% for it to hit the projected low.
Eos Energy Enterprises, Inc. (EOSE) estimates and forecasts
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 0%. The 2021 estimates are for Eos Energy Enterprises, Inc. earnings to increase by 84.4%, but the outlook for the next 5-year period is at 0% per year.
Eos Energy Enterprises, Inc. (NASDAQ:EOSE)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 20.68% of Eos Energy Enterprises, Inc. shares while 48.77% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 61.48%. There are 83 institutions holding the Eos Energy Enterprises, Inc. stock share, with B. Riley Financial, Inc. the top institutional holder. As of Mar 30, 2021, the company held 12.61% of the shares, roughly 6.53 Million EOSE shares worth $128.8 Million.
Bnp Paribas Asset Management Holding S.a. holds the second largest percentage of outstanding shares, with 4.86% or 2.52 Million shares worth $49.6 Million as of Mar 30, 2021.
Among Mutual Funds, the top two as of May 30, 2021 were Invesco ETF Tr-Invesco Wilderhill Clean Energy ETF and Vanguard Total Stock Market Index Fund. With 1967944 shares estimated at $39.91 Million under it, the former controlled 3.8% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 1.81% of the shares, roughly 938Thousand shares worth around $18.5 Million.