Eos Energy Enterprises Inc (NASDAQ: EOSE) – Suitable For Long Term Buy?

Currently, there are 216.71M common shares owned by the public and among those 210.36M shares have been available to trade.

The company’s stock has a 5-day price change of -7.89% and 67.30% over the past three months. EOSE shares are trading 183.94% year to date (YTD), with the 12-month market performance up to 87.58% higher. It has a 12-month low price of $0.61 and touched a high of $3.66 over the same period. EOSE has an average intraday trading volume of 6.93 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 1.35%, 17.93%, and 109.14% respectively.

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Institutional ownership of Eos Energy Enterprises Inc (NASDAQ: EOSE) shares accounts for 32.32% of the company’s 216.71M shares outstanding.

It has a market capitalization of $670.72M and a beta (3y monthly) value of 2.40. The earnings-per-share (ttm) stands at -$0.74. Price movements for the stock have been influenced by the stock’s volatility, which stands at 9.53% over the week and 8.90% over the month.

Analysts forecast that Eos Energy Enterprises Inc (EOSE) will achieve an EPS of -0.18 for the current quarter, -0.15 for the next quarter and -0.3 for current fiscal year. The lowest estimate earnings-per-share for the quarter is -0.23 while analysts give the company a high EPS estimate of -0.23. Comparatively, EPS for the current quarter was 0.11 a year ago. Earnings per share for the fiscal year are expected to increase by 55.39%, and 62.94% over the next financial year.

Looking at the support for the EOSE, a number of firms have released research notes about the stock. Stifel stated their Buy rating for the stock in a research note on August 21, 2024, with the firm’s price target at $6. Guggenheim was of a view on September 01, 2023 that the stock is Buy, while B. Riley Securities gave the stock Neutral rating on June 30, 2023, issuing a price target of $3- $4. TD Cowen on their part issued Market Perform rating on June 02, 2023.

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