In the last trading session, 16.38 million shares of the Eos Energy Enterprises Inc (NASDAQ:EOSE) were traded, and its beta was 2.29. Most recently the company’s share price was $2.19, and it changed around -$0.04 or -1.79% from the last close, which brings the market valuation of the company to $468.67M. EOSE currently trades at a discount to its 52-week high of $3.66, offering almost -67.12% off that amount. The share price’s 52-week low was $0.61, which indicates that the current value has risen by an impressive 72.15% since then. We note from Eos Energy Enterprises Inc’s average daily trading volume that its 10-day average is 9.36 million shares, with the 3-month average coming to 7.16 million.
Eos Energy Enterprises Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.86. If we narrow it down even further, the data shows that 0 out of 9 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 3 recommended EOSE as a Hold, whereas 4 deemed it a Buy, and 0 rated it as Underweight. Eos Energy Enterprises Inc is expected to report earnings per share of -0.2 for the current quarter.
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Eos Energy Enterprises Inc (NASDAQ:EOSE) trade information
Instantly EOSE has showed a red trend with a performance of -1.79% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 2.62 on recent trading dayincreased the stock’s daily price by 16.41%. The company’s shares are currently up 100.92% year-to-date, but still down -17.98% over the last five days. On the other hand, Eos Energy Enterprises Inc (NASDAQ:EOSE) is -34.04% down in the 30-day period. We can see from the shorts that 57.29 million shares have been sold at a short interest cover period of 8.65 day(s).
The consensus price target as assigned by Wall Street analysts is $6, which translates to bulls needing to increase their stock price by 63.5% from its current value. Analyst projections state that EOSE is forecast to be at a low of $2 and a high of $10.
Eos Energy Enterprises Inc (EOSE) estimates and forecasts
Eos Energy Enterprises Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 206.85 percent over the past six months and at a -39.23% annual growth rate that is well below the industry average of 7.60%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 51.55% in revenue this quarter, and will report an increase of 46.41% in the next quarter. The year-over-year growth rate is expected to be -11.34%, down from the previous year.
Consensus estimates provided by 4 financial analysts predict the company will bring in an average of 6.17M in revenue for the current quarter. 4 analysts expect Eos Energy Enterprises Inc to make 20.7M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 6.61M and 6.6M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -6.68%. Forecasts for the next quarter put sales growth at 213.56%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 45.32%.
EOSE Dividends
Eos Energy Enterprises Inc’s next quarterly earnings report is expected to be released in December.
Eos Energy Enterprises Inc (NASDAQ:EOSE)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 2.48% of Eos Energy Enterprises Inc shares, and 32.83% of them are in the hands of institutional investors. The stock currently has a share float of 33.67%. Eos Energy Enterprises Inc stock is held by 145.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 4.2713% of the shares, which is about 8.6 million shares worth $10.92 million.
ELECTRON CAPITAL PARTNERS, LLC, with 3.81% or 7.67 million shares worth $9.74 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
