The stock price of Eos Energy Enterprises Inc (NASDAQ: EOSE) has plunged by -4.09 when compared to previous closing price of 0.92, but the company has seen a -12.54% decline in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-03-06 that Eos Energy Enterprises (EOSE) witnesses solid growth in Q4 revenues as it transitions its entire manufacturing capacity from Gen 2.3 to the new Eos Z3 Cube.
Is It Worth Investing in Eos Energy Enterprises Inc (NASDAQ: EOSE) Right Now?
The stock has a 36-month beta value of 2.24. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for EOSE is 197.41M, and at present, short sellers hold a 22.55% of that float. On April 15, 2024, the average trading volume of EOSE was 5.16M shares.
EOSE’s Market Performance
EOSE stock saw a decrease of -12.54% in the past week, with a monthly decline of -11.67% and a quarterly a decrease of 1.46%. The volatility ratio for the week is 9.07%, and the volatility levels for the last 30 days are 7.98% for Eos Energy Enterprises Inc (EOSE). The simple moving average for the last 20 days is -10.50% for EOSE stock, with a simple moving average of -52.25% for the last 200 days.
Analysts’ Opinion of EOSE
Guggenheim, on the other hand, stated in their research note that they expect to see EOSE reach a price target of $10. The rating they have provided for EOSE stocks is “Buy” according to the report published on September 01st, 2023.
B. Riley Securities gave a rating of “Neutral” to EOSE, setting the target price at $4 in the report published on June 30th of the previous year.
EOSE Trading at -13.80% from the 50-Day Moving Average
After a stumble in the market that brought EOSE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -84.41% of loss for the given period.
Volatility was left at 7.98%, however, over the last 30 days, the volatility rate increased by 9.07%, as shares sank -11.20% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -20.42% lower at present.
During the last 5 trading sessions, EOSE fell by -12.54%, which changed the moving average for the period of 200-days by -80.54% in comparison to the 20-day moving average, which settled at $0.9814. In addition, Eos Energy Enterprises Inc saw -18.96% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at EOSE starting from DIMITRIEF ALEXANDER, who purchase 5,000 shares at the price of $1.13 back on Mar 08 ’24. After this action, DIMITRIEF ALEXANDER now owns 10,000 shares of Eos Energy Enterprises Inc, valued at $5,638 using the latest closing price.
Mastrangelo Joe, the Chief Executive Officer of Eos Energy Enterprises Inc, purchase 36,500 shares at $2.05 during a trade that took place back on Sep 21 ’23, which means that Mastrangelo Joe is holding 590,799 shares at $74,810 based on the most recent closing price.
Stock Fundamentals for EOSE
Current profitability levels for the company are sitting at:
- -6.11 for the present operating margin
- -4.48 for the gross margin
The net margin for Eos Energy Enterprises Inc stands at -14.01. The total capital return value is set at -0.8.
Based on Eos Energy Enterprises Inc (EOSE), the company’s capital structure generated 2.17 points at debt to capital in total, while cash flow to debt ratio is standing at -0.71. The debt to equity ratio resting at -1.85. The interest coverage ratio of the stock is -2.4.
Currently, EBITDA for the company is -135.0 million with net debt to EBITDA at -1.31. When we switch over and look at the enterprise to sales, we see a ratio of 19.23. The receivables turnover for the company is 0.8for trailing twelve months and the total asset turnover is 0.09. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.01.
Conclusion
To sum up, Eos Energy Enterprises Inc (EOSE) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
