During the last session, Eos Energy Enterprises Inc (NASDAQ:EOSE)’s traded shares were 4.1 million, with the beta value of the company hitting 2.32. At the end of the trading day, the stock’s price was $2.28, reflecting an intraday loss of -1.30% or -$0.03. The 52-week high for the EOSE share is $3.66, that puts it down -60.53 from that peak though still a striking 73.25% gain since the share price plummeted to a 52-week low of $0.61. The company’s market capitalization is $496.84M, and the average intraday trading volume over the past 10 days was 9.21 million shares, and the average trade volume was 7.38 million shares over the past three months.
Eos Energy Enterprises Inc (EOSE) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.86. EOSE has a Sell rating from 0 analyst(s) out of 4 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 3 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.2.
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Eos Energy Enterprises Inc (NASDAQ:EOSE) trade information
Eos Energy Enterprises Inc (EOSE) registered a -1.30% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -1.30% in intraday trading to $2.28, hitting a weekly high. The stock’s 5-day price performance is -1.30%, and it has moved by -26.33% in 30 days. Based on these gigs, the overall price performance for the year is 98.26%. The short interest in Eos Energy Enterprises Inc (NASDAQ:EOSE) is 57.29 million shares and it means that shorts have 8.65 day(s) to cover.
The consensus price target of analysts on Wall Street is $6, which implies an increase of 62.0% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $2 and $10 respectively. As a result, EOSE is trading at a discount of -338.6% off the target high and 12.28% off the low.
Eos Energy Enterprises Inc (EOSE) estimates and forecasts
Statistics show that Eos Energy Enterprises Inc has underperformed its competitors in share price, compared to the industry in which it operates. Eos Energy Enterprises Inc (EOSE) shares have gone up 213.36% during the last six months, with a year-to-date growth rate less than the industry average at -39.23% against 9.30. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 51.55% this quarter and then jump 46.41% in the quarter after that. In the rating firms’ projections, revenue will decrease -11.34% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 6.17M as predicted by 4 analyst(s). Meanwhile, a consensus of 4 analyst(s) estimates revenue growth to 20.7M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 6.61M and 6.6M respectively. In this case, analysts expect current quarter sales to shrink by -6.68% and then jump by 213.56% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 45.32%. While earnings are projected to return -29.25% in 2024.
EOSE Dividends
Eos Energy Enterprises Inc is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Eos Energy Enterprises Inc (NASDAQ:EOSE)’s Major holders
Eos Energy Enterprises Inc insiders own 2.48% of total outstanding shares while institutional holders control 32.83%, with the float percentage being 33.67%. VANGUARD GROUP INC is the largest shareholder of the company, while 145.0 institutions own stock in it. As of 2024-06-30, the company held over 8.6 million shares (or 4.2713% of all shares), a total value of $10.92 million in shares.
The next largest institutional holding, with 7.67 million shares, is of ELECTRON CAPITAL PARTNERS, LLC’s that is approximately 3.81% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $9.74 million.
