Eos Energy Enterprises (NASDAQ:EOSE) Shares Down 4.9% - What's Next?

Eos Energy Enterprises, Inc. (NASDAQ:EOSE - Get Free Report)'s share price was down 4.9% during mid-day trading on Tuesday . The company traded as low as $5.30 and last traded at $5.21. Approximately 816,509 shares were traded during mid-day trading, a decline of 89% from the average daily volume of 7,452,507 shares. The stock had previously closed at $5.48.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Guggenheim restated a "buy" rating and set a $7.00 price objective on shares of Eos Energy Enterprises in a research note on Tuesday, March 18th. Cowen restated a "hold" rating on shares of Eos Energy Enterprises in a report on Friday, March 7th. Roth Capital cut Eos Energy Enterprises from a "strong-buy" rating to a "hold" rating in a research report on Thursday, February 20th. Finally, Roth Mkm lowered Eos Energy Enterprises from a "buy" rating to a "neutral" rating and lifted their target price for the stock from $4.00 to $5.00 in a report on Thursday, February 20th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $4.70.

Eos Energy Enterprises Stock Up 3.7 %

The company has a market cap of $1.21 billion, a PE ratio of -2.21 and a beta of 2.17. The company's fifty day moving average is $4.33 and its 200-day moving average is $4.21.

Institutional Trading of Eos Energy Enterprises

A number of hedge funds have recently bought and sold shares of EOSE. Virtu Financial LLC bought a new stake in shares of Eos Energy Enterprises during the 3rd quarter valued at about $206,000. Tidal Investments LLC bought a new stake in Eos Energy Enterprises during the third quarter valued at approximately $993,000. Lake Street Private Wealth LLC purchased a new stake in Eos Energy Enterprises during the fourth quarter valued at approximately $51,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in Eos Energy Enterprises in the fourth quarter worth approximately $58,000. Finally, Flagship Private Wealth LLC boosted its stake in shares of Eos Energy Enterprises by 68.7% during the 4th quarter. Flagship Private Wealth LLC now owns 55,291 shares of the company's stock worth $269,000 after acquiring an additional 22,525 shares during the last quarter. Hedge funds and other institutional investors own 54.87% of the company's stock.

Eos Energy Enterprises Company Profile

Eos Energy Enterprises, Inc designs, manufactures, and markets zinc-based energy storage solutions for utility-scale, microgrid, and commercial and industrial (C&I) applications in the United States. The company offers Znyth technology battery energy storage system (BESS), which provides the operating flexibility to manage increased grid complexity and price volatility.