Eos Energy Enterprises Inc. (NASDAQ:EOSE)’s traded shares stood at 1.97 million during the last session. At the close of trading, the stock’s price was $1.80, to imply a decrease of -3.74% or -$0.07 in intraday trading. The EOSE share’s 52-week high remains $4.97, putting it -176.11% down since that peak but still an impressive 47.22% since price per share fell to its 52-week low of $0.95. The company has a valuation of $159.84M, with an average of 2.22 million shares in intraday trading volume over the past 10 days and average of 2.67 million shares over the past 3 months.
Eos Energy Enterprises Inc. (NASDAQ:EOSE) trade information
After registering a -3.74% downside in the last session, Eos Energy Enterprises Inc. (EOSE) has traded red over the past five days. The stock hit a weekly high of 2.0100 this Wednesday, 03/15/23, dropping -3.74% in its intraday price action. The 5-day price performance for the stock is -3.23%, and 36.36% over 30 days. With these gigs, the year-to-date price performance is 21.62%. Short interest in Eos Energy Enterprises Inc. (NASDAQ:EOSE) saw shorts transact 7.16 million shares and set a 3.79 days time to cover.
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Analysts on Wall Street suggest a consensus price target of $4.58, implying an increase of 60.7% to the stock’s current value. The extremes give us $3.00 and $11.00 for target low and target high price respectively. As such, EOSE has been trading -511.11% off suggested target high and -66.67% from its likely low.
Eos Energy Enterprises Inc. (EOSE) estimates and forecasts
Looking at statistics comparing Eos Energy Enterprises Inc. share performance against respective industry, we note that the company has outperformed competitors. Eos Energy Enterprises Inc. (EOSE) shares are -17.43% down over the last 6 months, with its year-to-date growth rate higher than industry average at 56.25% against 5.00%. Revenue is forecast to shrink -35.70% this quarter before jumping 28.20% for the next one. The rating firms project that company’s revenue will grow 306.70% compared to the previous financial year.
Revenue forecast for the current quarter as set by 5 analysts is $3.18 million. Meanwhile, for the quarter ending Mar 2023, a total of 3 analyst(s) estimate revenue growth to $9.09 million.Earnings reports from the last fiscal year show that sales brought in $3.1 million and $3.3 million respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 2.40% before jumping 175.60% in the following quarter.
Eos Energy Enterprises Inc. has its next earnings report out between May 08 and May 12. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Eos Energy Enterprises Inc. has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.
Eos Energy Enterprises Inc. (NASDAQ:EOSE)’s Major holders
Eos Energy Enterprises Inc. insiders hold 6.52% of total outstanding shares, with institutional holders owning 28.55% of the shares at 30.54% float percentage. In total, 28.55% institutions holds shares in the company, led by Point72 Asset Management, L.P. As of Sep 29, 2022, the company held over 3.19 million shares (or 3.86% of shares), all amounting to roughly $5.33 million.
The next major institution holding the largest number of shares is Electron Capital Partners, LLC with 3.18 million shares, or about 3.85% of shares outstanding. As of the market price on Sep 29, 2022, these shares were worth $5.31 million.
We also have Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund as the top two Mutual Funds with the largest holdings of the Eos Energy Enterprises Inc. (EOSE) shares. Going by data provided on Sep 29, 2022, Vanguard Total Stock Market Index Fund holds roughly 1.69 million shares. This is just over 2.05% of the total shares, with a market valuation of $2.83 million. Data from the same date shows that the other fund manager holds a little less at 0.54 million, or 0.65% of the shares, all valued at about 0.9 million.