In the latest trading session, 2.83 million Eos Energy Enterprises Inc (NASDAQ:EOSE) shares changed hands as the company’s beta touched 2.09. With the company’s most recent per share price at $4.70 changed hands at -$0.26 or -5.27% at last look, the market valuation stands at $1.02B. EOSE’s current price is a discount, trading about -27.87% off its 52-week high of $6.01. The share price had its 52-week low at $0.61, which suggests the last value was 87.02% up since then. When we look at Eos Energy Enterprises Inc’s average trading volume, we note the 10-day average is 10.09 million shares, with the 3-month average coming to 8.19 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. Eos Energy Enterprises Inc’s EPS for the current quarter is expected to be -0.2.
Eos Energy Enterprises Inc (NASDAQ:EOSE) trade information
Instantly EOSE was in red as seen in intraday trades today. With action -17.13%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -3.32%, with the 5-day performance at -17.13% in the red. However, in the 30-day time frame, Eos Energy Enterprises Inc (NASDAQ:EOSE) is 53.05% up. Looking at the short shares, we see there were 57.93 million shares sold at short interest cover period of 8.47 days.
The consensus price target for the stock as assigned by Wall Street analysts is 6, meaning bulls need an upside of 21.67% from its recent 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 -112.77% plunge from its current level, while the stock would need to tank 57.45% 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 103.41% over the past 6 months, a -40.33% in annual growth rate that is considerably lower than the industry average of 8.40%. Year-over-year growth is forecast to reach -10.97% down from the last financial year.
Consensus estimates given by 7 financial analysts project the company’s revenue in the current quarter to hit an average of 6.23M. 5 analysts are of the opinion that Eos Energy Enterprises Inc’s revenue for the current quarter will be 11.72M. The company’s revenue for the corresponding quarters a year ago was 6.61M and 6.6M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -5.72%. The estimates for the next quarter sales put growth at 77.52%.
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 2025 estimates are for Eos Energy Enterprises Inc earnings to decrease by -36.56%.
EOSE Dividends
Eos Energy Enterprises Inc is expected to release its next quarterly earnings report in February.
Eos Energy Enterprises Inc (NASDAQ:EOSE)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 2.47% of Eos Energy Enterprises Inc shares while 32.87% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 33.70%. There are 32.87% 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.
Among Mutual Funds, the top two as of Sep 30, 2024 were Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund. With 6.8 shares estimated at $31.33 million under it, the former controlled 3.12% of total outstanding shares. On the other hand, Vanguard Extended Market Index Fund held about 1.50% of the shares, roughly 3.28 shares worth around $15.11 million.
