Eos Energy Enterprises Inc (NASDAQ:EOSE) shares, rose in value, with the stock price down by -0.29% to the previous day’s close as strong demand from buyers drove the stock to $3.44.
Actively observing the price movement in the last trading, the stock closed the session at $3.45, falling within a range of $3.35 and $3.555. The value of beta (5-year monthly) was 2.401. Referring to stock’s 52-week performance, its high was $3.66, and the low was $0.61. On the whole, EOSE has fluctuated by 19.03% over the past month.
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With the market capitalization of Eos Energy Enterprises Inc currently standing at about $745.47 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Nov-05.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that EOSE’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the price of EOSE currently trading nearly 6.76% and 22.99% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 64.06, while the 7-day volatility ratio is showing 7.31% which for the 30-day chart, stands at 8.22%. Furthermore, Eos Energy Enterprises Inc (EOSE)’s beta value is 2.40, and its average true range (ATR) is 0.24.
A comparison of Eos Energy Enterprises Inc (EOSE) with its peers suggests the former has fared considerably weaker in the market. EOSE showed an intraday change of -0.29% in last session, and over the past year, it grew by 116.35%%.
Data on historical trading for Eos Energy Enterprises Inc (NASDAQ:EOSE) indicates that the trading volumes over the past 10 days have averaged 5.76 and over the past 3 months, they’ve averaged 6.77 million. According to company’s latest data on outstanding shares, there are 216.71 million shares outstanding.
Nearly 2.93% of Eos Energy Enterprises Inc’s shares belong to company insiders and institutional investors own 32.38% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 56.29 million shares as on 2024-10-15, resulting in a short ratio of 8.74. According to the data, the short interest in Eos Energy Enterprises Inc (EOSE) stood at 3392.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 50.75 million. The stock has risen by 215.60% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the EOSE stock heading into the next quarter.
