Eos Energy Enterprises Inc (NASDAQ:EOSE) price on Thursday, February 27, fall -4.91% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $4.07.
A look at the stock’s price movement, the close in the last trading session was $4.28. Turning to its 52-week performance, $6.64 and $0.61 were the 52-week high and 52-week low respectively. Overall, EOSE moved -28.35% over the past month.
Eos Energy Enterprises Inc’s market cap currently stands at around $886.90 million, with investors looking forward to this quarter’s earnings report slated for in March.
Analysts have a consensus estimate of 6.54M for the company’s revenue for the quarter, with a low and high estimate of 6.25M and 7M respectively. The average forecast suggests down to a -1.03% 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 14.94M, representing a -8.81% 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 Hold. 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 100% 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 -18.94% and -19.89% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 35.36, while 7-day volatility ratio is 8.46% and 9.27% in the 30-day chart. Further, Eos Energy Enterprises Inc (EOSE) has a beta value of 2.16, and an average true range (ATR) of 0.45. 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 50.86% off current price level while to achieve the yearly target high, price needs to move -145.7%. Nonetheless, investors will most likely welcome a -47.42% 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 8.45 million over the past 3 months. The company’s latest data on shares outstanding shows there are 217.28 million shares.
The 2.96% of Eos Energy Enterprises Inc’s shares are in the hands of company insiders while institutional holders own 42.57% of the company’s shares. Current price change has pushed the stock -16.26% 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.
