Eos Energy Enterprises Inc. (NASDAQ:EOSE) has seen 2.0 million shares traded in the last trading session. The company, currently valued at $110.82M, closed the last trade at $1.50 per share which meant it lost -$0.02 on the day or -1.32% during that session. The EOSE stock price is -231.33% off its 52-week high price of $4.97 and 36.67% above the 52-week low of $0.95. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.03 million shares traded. The 3-month trading volume is 2.36 million shares.
The consensus among analysts is that Eos Energy Enterprises Inc. (EOSE) is an Overweight stock at the moment, with a recommendation rating of 2.10. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 2 out of 7 have rated it as a Hold, with 5 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -$0.72.
Eos Energy Enterprises Inc. (NASDAQ:EOSE) trade information
Sporting -1.32% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on Monday, 01/23/23 when the EOSE stock price touched $1.50 or saw a rise of 11.24%. Year-to-date, Eos Energy Enterprises Inc. shares have moved 1.35%, while the 5-day performance has seen it change -9.64%. Over the past 30 days, the shares of Eos Energy Enterprises Inc. (NASDAQ:EOSE) have changed 38.89%. Short interest in the company has seen 3.58 million shares shorted with days to cover at 1.08.
Wall Street analysts have a consensus price target for the stock at $5.58, which means that the shares’ value could jump 73.12% from current levels. The projected low price target is $3.00 while the price target rests at a high of $11.00. In that case, then, we find that the current price level is -633.33% off the targeted high while a plunge would see the stock gain -100.0% from current levels.
Eos Energy Enterprises Inc. (EOSE) estimates and forecasts
Figures show that Eos Energy Enterprises Inc. shares have underperformed across the wider relevant industry. The company’s shares have lost -35.90% over the past 6 months, with this year growth rate of -54.66%, compared to 14.70% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2023 fiscal year revenue. Growth estimates for the current quarter are -111.80% and -3.60% for the next quarter. Revenue growth from the last financial year stood is estimated to be 1,010.30%.
3 analysts offering their estimates for the company have set an average revenue estimate of $13.3 million for the current quarter. 3 have an estimated revenue figure of $29.03 million for the next quarter concluding in Dec 2022.
Eos Energy Enterprises Inc. is expected to release its next earnings report between February 23 and February 27 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Eos Energy Enterprises Inc. (NASDAQ:EOSE)’s Major holders
Insiders own 8.63% of the company shares, while shares held by institutions stand at 50.52% with a share float percentage of 55.29%. Investors are also buoyed by the number of investors in a company, with Eos Energy Enterprises Inc. having a total of 109 institutions that hold shares in the company. The top two institutional holders are B. Riley Financial, Inc. with over 5.37 million shares worth more than $6.5 million. As of Jun 29, 2022, B. Riley Financial, Inc. held 9.00% of shares outstanding.
The other major institutional holder is Invesco Ltd., with the holding of over 3.71 million shares as of Jun 29, 2022. The firm’s total holdings are worth over $4.49 million and represent 6.22% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Invesco ETF Tr-Invesco Wilderhill Clean Energy ETF and Vanguard Total Stock Market Index Fund. As of Sep 29, 2022, the former fund manager holds about 4.84% shares in the company for having 2.89 million shares of worth $4.83 million while later fund manager owns 1.06 million shares of worth $1.28 million as of Jun 29, 2022, which makes it owner of about 1.77% of company’s outstanding stock.