Eos Energy Enterprises Inc (NASDAQ:EOSE) price on Friday, November 15, fall -1.79% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $2.19.
A look at the stock’s price movement, the close in the last trading session was $2.23, moving within a range at $2.16 and $2.295. The beta value (5-Year monthly) was 2.388. Turning to its 52-week performance, $3.66 and $0.61 were the 52-week high and 52-week low respectively. Overall, EOSE moved -34.04% over the past month.
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Eos Energy Enterprises Inc’s market cap currently stands at around $477.22 million, with investors looking forward to this quarter’s earnings report slated for on 2025-Mar-03.
Analysts have a consensus estimate of 6.17M for the company’s revenue for the quarter, with a low and high estimate of 5.94M and 6.48M respectively. The average forecast suggests down to a -6.68% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 14.52M, representing a -11.34% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that EOSE is a 50% Buy. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
4 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 3 recommend EOSE as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
EOSE’s current price about -24.66% and -23.40% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 33.48, while 7-day volatility ratio is 7.16% and 8.73% in the 30-day chart. Further, Eos Energy Enterprises Inc (EOSE) has a beta value of 2.29, and an average true range (ATR) of 0.27. Analysts have given the company’s stock an average 52-week price target of $6, forecast between a low of $2 and high of $10. Looking at the price targets, the low is 8.68% off current price level while to achieve the yearly target high, price needs to move -356.62%. Nonetheless, investors will most likely welcome a -173.97% jump to $6 which is the analysts’ median price.
If we refocus on Eos Energy Enterprises Inc (NASDAQ:EOSE), historical trading data shows that trading volumes averaged 8.41 over the past 10 days and 7.16 million over the past 3 months. The company’s latest data on shares outstanding shows there are 217.91 million shares.
The 2.93% of Eos Energy Enterprises Inc’s shares are in the hands of company insiders while institutional holders own 33.83% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 57.29 million on 2024-10-31, giving us a short ratio of 8.65. The data shows that as of 2024-10-31 short interest in Eos Energy Enterprises Inc (EOSE) stood at 3431.0 of shares outstanding, with shares short rising to 54.85 million registered in 2024-09-30. Current price change has pushed the stock 100.92% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the EOSE stock continues to rise going into the next quarter.
