Eos Energy Enterprises Inc (NASDAQ: EOSE) has experienced a decline in its stock price by -1.57 compared to its previous closing price of 3.18. However, the company has seen a gain of 19.47% in its stock price over the last five trading days. seekingalpha.com reported 2024-09-29 that Various estimates put the grid scale battery market at over one trillion dollars. EOS went public via a SPAC, suffered, and has come back to life with a large financing package and another large potential government loan. The chemistry used by EOS is more benign than others, non-flammable, and offers an economic longer duration discharge than other solutions.
Is It Worth Investing in Eos Energy Enterprises Inc (NASDAQ: EOSE) Right Now?
Company’s 36-month beta value is 2.38.Analysts have differing opinions on the stock, with 3 analysts rating it as a “buy,” 1 as “overweight,” 3 as “hold,” and 0 as “sell.”
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The public float for EOSE is 210.36M, and currently, short sellers hold a 24.13% ratio of that floaft. The average trading volume of EOSE on October 07, 2024 was 7.76M shares.
EOSE’s Market Performance
The stock of Eos Energy Enterprises Inc (EOSE) has seen a 19.47% increase in the past week, with a 34.33% rise in the past month, and a 61.34% gain in the past quarter. The volatility ratio for the week is 10.24%, and the volatility levels for the past 30 days are at 9.23% for EOSE. The simple moving average for the past 20 days is 20.59% for EOSE’s stock, with a 132.94% simple moving average for the past 200 days.
Analysts’ Opinion of EOSE
Many brokerage firms have already submitted their reports for EOSE stocks, with Stifel repeating the rating for EOSE by listing it as a “Buy.” The predicted price for EOSE in the upcoming period, according to Stifel is $6 based on the research report published on August 21, 2024 of the current year 2024.
Guggenheim gave a rating of “Buy” to EOSE, setting the target price at $10 in the report published on September 01st of the previous year.
EOSE Trading at 39.43% 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 -2.19% of loss for the given period.
Volatility was left at 9.23%, however, over the last 30 days, the volatility rate increased by 10.24%, as shares surge +44.24% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +79.89% upper at present.
During the last 5 trading sessions, EOSE rose by +19.47%, which changed the moving average for the period of 200-days by +179.46% in comparison to the 20-day moving average, which settled at $2.64. In addition, Eos Energy Enterprises Inc saw 187.16% 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 Bornstein Jeffrey S, who sale 132,720 shares at the price of $2.63 back on Sep 12 ’24. After this action, Bornstein Jeffrey S now owns 7,999 shares of Eos Energy Enterprises Inc, valued at $349,054 using the latest closing price.
Bornstein Jeffrey S, the Director of Eos Energy Enterprises Inc, sale 30,000 shares at $2.62 during a trade that took place back on Sep 12 ’24, which means that Bornstein Jeffrey S is holding 84,929 shares at $78,600 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 -13.56.
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 52.77. 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 a nutshell, Eos Energy Enterprises Inc (EOSE) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
