Eos Energy Enterprises Inc (NASDAQ:EOSE) Price Forecast For The Next 12 Months Is Set At 10.

In recent trading session, Eos Energy Enterprises Inc (NASDAQ:EOSE) saw 1.78 million shares changing hands at last check today with its beta currently measuring 2.30. Company’s recent per share price level of $1.79 trading at $0.05 or 2.87% at last check today assigns it a market valuation of $387.52M. That most recent trading price of EOSE’s stock is at a discount of -168.72% from its 52-week high price of $4.81 and is indicating a premium of 65.92% from its 52-week low price of $0.61. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 9.93 million shares which gives us an average trading volume of 8.55 million if we extend that period to 3-months.

For Eos Energy Enterprises Inc (EOSE), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.80. Splitting up the data highlights that, out of 4 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 3 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.19 in the current quarter.

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Eos Energy Enterprises Inc (NASDAQ:EOSE) trade information

Upright in the green today for gaining 2.87%, in the last five days EOSE remained trading in the red while hitting it’s week-highest on Thursday, 07/25/24 when the stock touched $1.79 price level, adding 9.14% to its value on the day. Eos Energy Enterprises Inc’s shares saw a change of 64.22% in year-to-date performance and have moved -5.79% in past 5-day. Eos Energy Enterprises Inc (NASDAQ:EOSE) showed a performance of 39.84% in past 30-days. Number of shares sold short was 44.37 million shares which calculate 3.31 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 6 to the stock, which implies a rise of 70.17% to its recent value today. Analysts have been projecting 2 as a low price target for the stock while placing it at a high target of 10. It follows that stock’s current price would drop -11.73% in reaching the projected high whereas dropping to the targeted low would mean a loss of -11.73% for stock’s current value.

Eos Energy Enterprises Inc (EOSE) estimates and forecasts

Statistics highlight that Eos Energy Enterprises Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company added 65.74% of value to its shares in past 6 months, showing an annual growth rate of 61.33% while that of industry is 10.70. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 311.80% from the last financial year’s standing.

2 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 3.79M for the same. And 2 analysts are in estimates of company making revenue of 7.96M in the next quarter. Company posted 249k and 684k of sales in current and next quarters respectively a year earlier.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 45.32% during past 5 years.

Eos Energy Enterprises Inc (NASDAQ:EOSE)’s Major holders

Insiders are in possession of 2.52% of company’s total shares while institution are holding 45.74 percent of that, with stock having share float percentage of 46.92%. Investors also watch the number of corporate investors in a company very closely, which is 45.74% institutions for Eos Energy Enterprises Inc that are currently holding shares of the company. BLACKROCK INC. is the top institutional holder at EOSE for having 10.67 million shares of worth $10.99 million. And as of 2024-03-31, it was holding 5.3564 of the company’s outstanding shares.

The second largest institutional holder is VANGUARD GROUP INC, which was holding about 9.38 million shares on 2024-03-31. The number of shares represents firm’s hold over 4.7083 of outstanding shares, having a total worth of $9.66 million.