In the last trading session, 7.16 million Eos Energy Enterprises Inc (NASDAQ:EOSE) shares changed hands as the company’s beta touched 2.30. With the company’s per share price at $2.50 changed hands at -$0.17 or -6.37% during last session, the market valuation stood at $527.02M. EOSE’s last price was a discount, traded about -46.4% off its 52-week high of $3.66. The share price had its 52-week low at $0.61, which suggests the last value was 75.6% up since then. When we look at Eos Energy Enterprises Inc’s average trading volume, we note the 10-day average is 8.41 million shares, with the 3-month average coming to 7.09 million.
Analysts gave the Eos Energy Enterprises Inc (EOSE) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.86. If we narrow down to specifics, the data shows that 0 out of 4 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended EOSE as a Hold, 3 felt it is a Buy and 0 rated the stock as Underweight.
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Eos Energy Enterprises Inc (NASDAQ:EOSE) trade information
Instantly EOSE was in red as seen at the end of in last trading. With action -14.38%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 129.36%, with the 5-day performance at -14.38% in the red. However, in the 30-day time frame, Eos Energy Enterprises Inc (NASDAQ:EOSE) is -20.38% down. Looking at the short shares, we see there were 56.29 million shares sold at short interest cover period of 8.74 days.
The consensus price target for the stock as assigned by Wall Street analysts is 6, meaning bulls need an upside of 58.33% from its current market value. According to analyst projections, EOSE’s forecast low is 2 with 10 as the target high. To hit the forecast high, the stock’s price needs a -300.0% plunge from its current level, while the stock would need to tank 20.0% for it to hit the projected low.
Eos Energy Enterprises Inc (EOSE) estimates and forecasts
Data shows that the Eos Energy Enterprises Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 247.13% over the past 6 months, a -39.23% in annual growth rate that is considerably lower than the industry average of 8.00%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 45.32%. The 2024 estimates are for Eos Energy Enterprises Inc earnings to decrease by -29.25%.
EOSE Dividends
Eos Energy Enterprises Inc is expected to release its next quarterly earnings report in December.
Eos Energy Enterprises Inc (NASDAQ:EOSE)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 2.48% of Eos Energy Enterprises Inc shares while 32.01% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 32.83%. There are 32.01% institutions holding the Eos Energy Enterprises Inc stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 4.2713% of the shares, roughly 8.6 million EOSE shares worth $10.92 million.
ELECTRON CAPITAL PARTNERS, LLC holds the second largest percentage of outstanding shares, with 3.81% or 7.67 million shares worth $9.74 million as of 2024-06-30.
