Eos Energy Enterprises Inc (NASDAQ: EOSE)’s stock price has soared by 4.20 in relation to previous closing price of 1.88. Nevertheless, the company has seen a gain of 28.88% in its stock price over the last five trading days. seekingalpha.com reported 2024-08-07 that Eos Energy Enterprises, Inc. (NASDAQ:EOSE ) Q2 2024 Earnings Conference Call August 7, 2024 8:30 AM ET Company Participants Liz Higley – Director, Investor Relations Joe Mastrangelo – Chief Executive Officer Nathan Kroeker – Chief Financial Officer Conference Call Participants Chip Moore – ROTH Martin Malloy – Johnson Rice & Company Ryan Pfingst – B. Riley Operator Ladies and gentlemen, thank you for standing by.
Is It Worth Investing in Eos Energy Enterprises Inc (NASDAQ: EOSE) Right Now?
The 36-month beta value for EOSE is also noteworthy at 2.38. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for EOSE is 209.88M, and at present, short sellers hold a 20.45% of that float. The average trading volume of EOSE on August 16, 2024 was 8.40M shares.
EOSE’s Market Performance
EOSE’s stock has seen a 28.88% increase for the week, with a 5.32% rise in the past month and a 177.64% gain in the past quarter. The volatility ratio for the week is 8.82%, and the volatility levels for the past 30 days are at 10.67% for Eos Energy Enterprises Inc The simple moving average for the last 20 days is 11.29% for EOSE’s stock, with a simple moving average of 71.46% 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 28.68% 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 -59.27% of loss for the given period.
Volatility was left at 10.67%, however, over the last 30 days, the volatility rate increased by 8.82%, as shares surge +4.62% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +183.16% upper at present.
During the last 5 trading sessions, EOSE rose by +30.78%, which changed the moving average for the period of 200-days by +25.02% in comparison to the 20-day moving average, which settled at $1.7646. In addition, Eos Energy Enterprises Inc saw 79.72% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at EOSE starting from DIMITRIEF ALEXANDER, who purchase 2,000 shares at the price of $1.68 back on Aug 13 ’24. After this action, DIMITRIEF ALEXANDER now owns 169,347 shares of Eos Energy Enterprises Inc, valued at $3,350 using the latest closing price.
Mastrangelo Joe, the Chief Executive Officer of Eos Energy Enterprises Inc, purchase 52,800 shares at $1.43 during a trade that took place back on Aug 09 ’24, which means that Mastrangelo Joe is holding 909,793 shares at $75,504 based on the most recent closing price.
Stock Fundamentals for EOSE
Current profitability levels for the company are sitting at:
- -6.94 for the present operating margin
- -5.35 for the gross margin
The net margin for Eos Energy Enterprises Inc stands at -8.44. The total capital return value is set at -0.57.
Based on Eos Energy Enterprises Inc (EOSE), the company’s capital structure generated 36.58 points at debt to capital in total, while cash flow to debt ratio is standing at -0.96. The debt to equity ratio resting at -1.03. The interest coverage ratio of the stock is 24.4.
Currently, EBITDA for the company is -135.0 million with net debt to EBITDA at -1.04. When we switch over and look at the enterprise to sales, we see a ratio of 35.41. The receivables turnover for the company is 0.6for trailing twelve months and the total asset turnover is 0.06. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.68.
Conclusion
In summary, Eos Energy Enterprises Inc (EOSE) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
