The stock has a 36-month beta value of 2.40. Opinions on the stock are mixed, with 3 analysts rating it as a “buy,” 2 as “overweight,” 3 as “hold,” and 0 as “sell.”
The public float for EOSE is 210.36M, and at present, short sellers hold a 26.76% of that float. On October 28, 2024, the average trading volume of EOSE was 6.78M shares.
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EOSE) stock’s latest price update
Eos Energy Enterprises Inc (NASDAQ: EOSE)’s stock price has increased by 6.71 compared to its previous closing price of 3.13. However, the company has seen a 3.09% increase in its stock price over the last five trading sessions. globenewswire.com reported 2024-10-22 that EDISON, N.J., Oct. 22, 2024 (GLOBE NEWSWIRE) — Eos Energy Enterprises, Inc. (NASDAQ: EOSE) (“Eos” or the “Company”), a leading provider of safe, scalable, efficient, and sustainable zinc-based long duration energy storage systems, today announced it will release its third quarter 2024 financial results after the U.S. market closes on November 5, 2024. A conference call to discuss its results will take place the following morning on November 6 at 8:30 a.m. Eastern Time.
EOSE’s Market Performance
Eos Energy Enterprises Inc (EOSE) has seen a 3.09% rise in stock performance for the week, with a 28.96% gain in the past month and a 86.59% surge in the past quarter. The volatility ratio for the week is 7.41%, and the volatility levels for the past 30 days are at 8.82% for EOSE. The simple moving average for the last 20 days is 6.16% for EOSE stock, with a simple moving average of 120.72% for the last 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 23.42% 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 -8.74% of loss for the given period.
Volatility was left at 8.82%, however, over the last 30 days, the volatility rate increased by 7.41%, as shares surge +27.48% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +77.66% upper at present.
During the last 5 trading sessions, EOSE rose by +3.09%, which changed the moving average for the period of 200-days by +260.65% in comparison to the 20-day moving average, which settled at $3.15. In addition, Eos Energy Enterprises Inc saw 206.42% 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 55.85. 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
To sum up, Eos Energy Enterprises Inc (EOSE) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
