Eos Energy Enterprises Inc (EOSE): Not A Time To Panic Nor Freeze

Eos Energy Enterprises Inc (EOSE) concluded trading on Wednesday at a closing price of $1.97, with 5.69 million shares of worth about $11.22 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 71.30% during that period and on July 31, 2024 the price saw a gain of about 7.65%. Currently the company’s common shares owned by public are about 216.49M shares, out of which, 211.08M shares are available for trading.

Stock saw a price change of 6.49% in past 5 days and over the past one month there was a price change of 34.93%. Year-to-date (YTD), EOSE shares are showing a performance of 80.73% which decreased to -19.92% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.61 but also hit the highest price of $4.81 during that period. The average intraday trading volume for Eos Energy Enterprises Inc shares is 8.56 million. The stock is currently trading 3.90% above its 20-day simple moving average (SMA20), while that difference is up 53.99% for SMA50 and it goes to 72.55% higher than SMA200.

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Eos Energy Enterprises Inc (NASDAQ: EOSE) currently have 216.49M outstanding shares and institutions hold larger chunk of about 43.65% of that.

The stock has a current market capitalization of $426.49M and its 3Y-monthly beta is at 2.31. It has posted earnings per share of -$1.61 in the same period. It has Quick Ratio of 1.02. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for EOSE, volatility over the week remained 9.14% while standing at 11.88% over the month.

Stock’s fiscal year EPS is expected to rise by 58.68% while it is estimated to increase by 59.89% in next year.

Coverage by Guggenheim stated Eos Energy Enterprises Inc (EOSE) stock as a Buy in their note to investors on September 01, 2023, suggesting a price target of $10 for the stock. On June 30, 2023, B. Riley Securities Downgrade their recommendations, while on June 02, 2023, TD Cowen Initiated their ratings for the stock with a price target of $2.50. Stock get a Buy rating from Stifel on December 02, 2022.

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