Eos Energy Enterprises Inc (NASDAQ:EOSE) Jumps 92.74% In 2024; Is It Affordable At $3.45?

In last trading session, Eos Energy Enterprises Inc (NASDAQ:EOSE) saw 10.27 million shares changing hands with its beta currently measuring 2.40. Company’s recent per share price level of $3.45 trading at $0.09 or 2.68% at ring of the bell on the day assigns it a market valuation of $747.65M. That closing price of EOSE’s stock is at a premium of 2.61% from its 52-week high price of $3.36 and is indicating a premium of 82.32% 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 5.69 million shares which gives us an average trading volume of 7.07 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 1.86. 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 -0.18 in the current quarter.

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Eos Energy Enterprises Inc (NASDAQ:EOSE) trade information

Upright in the green during last session for gaining 2.68%, in the last five days EOSE remained trading in the green while hitting it’s week-highest on Wednesday, 10/16/24 when the stock touched $3.45 price level, adding 5.74% to its value on the day. Eos Energy Enterprises Inc’s shares saw a change of 216.51% in year-to-date performance and have moved 16.16% in past 5-day. Eos Energy Enterprises Inc (NASDAQ:EOSE) showed a performance of 36.36% in past 30-days. Number of shares sold short was 54.85 million shares which calculate 8.42 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 42.5% to its current value. 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 jump 42.03% in reaching the projected high whereas dropping to the targeted low would mean a gain of 42.03% 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 318.79% of value to its shares in past 6 months, showing an annual growth rate of 56.91% while that of industry is 10.60. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 280.60% from the last financial year’s standing.

5 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 6.48M for the same. And 5 analysts are in estimates of company making revenue of 46.87M in the next quarter. Company posted 684k and 6.61M 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 2.49% of company’s total shares while institution are holding 32.61 percent of that, with stock having share float percentage of 33.45%. Investors also watch the number of corporate investors in a company very closely, which is 32.61% institutions for Eos Energy Enterprises Inc that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at EOSE for having 8.6 million shares of worth $10.92 million. And as of 2024-06-30, it was holding 4.2713 of the company’s outstanding shares.

The second largest institutional holder is ELECTRON CAPITAL PARTNERS, LLC, which was holding about 7.67 million shares on 2024-06-30. The number of shares represents firm’s hold over 3.81 of outstanding shares, having a total worth of $9.74 million.