Yorkville Advisors LLC recently announced the acquisition of new stake in Eos Energy Enterprises Inc (NASDAQ:EOSE). The institutional investor has increased its shareholding in the Industrials company by 1,957.28% to 9.57 million shares with purchase of 9.1 million shares. This fresh investment now brings its stake to 6.05% valued currently at $10.53 million. In addition, The Vanguard Group, Inc. raised its holdings by 0.12 million to 6.45 million shares. And Global X Management has lifted its position by 2.48% or 82639.0 shares – to 3.41 million shares.
With over 8.32 million Eos Energy Enterprises Inc (EOSE) shares trading Friday and a closing price of $1.09 on the day, the dollar volume was approximately $9.07 million. The shares have shown a negative half year performance of -74.88% and its price on 12/29/23 lost nearly -5.63%. Currently, there are 192.55M common shares owned by the public and among those 185.32M shares have been available to trade.
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Insiders at the company have transacted a total of 25 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 18 of these insider trades were purchases, accounting for 975,755 shares. Insider sales of the common stock occurred on 7 occasions, with total insider shares sold totaling 217,213 shares.
The top 3 mutual fund holders in Eos Energy Enterprises Inc are L&G Battery Value-Chain UCITS ETF, Global X Battery Tech & Lithium E, and Vanguard Total Stock Market ETF. L&G Battery Value-Chain UCITS ETF owns 9.1 million shares of the company’s stock, all valued at over $10.01 million. The company sold 28734.0 shares recently to bring their total holdings to about 5.76% of the shares outstanding. Vanguard Total Stock Market ETF now owns shares totaling to 2.54% of the shares outstanding.
Shares of Eos Energy Enterprises Inc (NASDAQ: EOSE) opened at $1.14, down -$0.01 from a prior closing price of $1.15. However, the script later moved the day high at 1.2099, down -5.63%. The company’s stock has a 5-day price change of -1.80% and -49.30% over the past three months. EOSE shares are trading -26.35% year to date (YTD), with the 12-month market performance up to 0.93% higher. It has a 12-month low price of $0.93 and touched a high of $5.66 over the same period. EOSE has an average intraday trading volume of 6.31 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -8.17%, -17.88%, and -53.72% respectively.
Institutional ownership of Eos Energy Enterprises Inc (NASDAQ: EOSE) shares accounts for 44.69% of the company’s 192.55M shares outstanding. Mutual fund holders own 22.91%, while other institutional holders and individual stakeholders account for 26.48% and 11.03% respectively.
It has a market capitalization of $209.88M and a beta (3y monthly) value of 2.33. The earnings-per-share (ttm) stands at -$2.68. Price movements for the stock have been influenced by the stock’s volatility, which stands at 9.28% over the week and 12.84% over the month.
Analysts forecast that Eos Energy Enterprises Inc (EOSE) will achieve an EPS of -$0.25 for the current quarter, -$0.23 for the next quarter and -$0.81 for 2024. The lowest estimate earnings-per-share for the quarter is -$0.31 while analysts give the company a high EPS estimate of -$0.2. Comparatively, EPS for the current quarter was -$0.68 a year ago. Earnings per share for the fiscal year are expected to increase by 47.34%, and 57.50% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 6 brokerage firm advisors rate Eos Energy Enterprises Inc (EOSE) as a “Strong Buy” at a consensus score of 1.67. Specifically, 4 Wall Street analysts polled rate the stock as a buy, while 2 of the 6 advise that investors “hold,” and 0 rated it as a “Sell.”
