Eos Energy Enterprises, Inc. (NASDAQ:EOSE - Get Free Report) shares traded up 4.4% during mid-day trading on Friday . The stock traded as high as $6.27 and last traded at $6.26. 1,530,155 shares were traded during trading, a decline of 80% from the average session volume of 7,666,556 shares. The stock had previously closed at $6.00.
Analyst Ratings Changes
Several research firms have commented on EOSE. Cowen restated a "hold" rating on shares of Eos Energy Enterprises in a report on Friday, March 7th. Roth Mkm downgraded Eos Energy Enterprises from a "buy" rating to a "neutral" rating and upped their price objective for the stock from $4.00 to $5.00 in a report on Thursday, February 20th. Roth Capital lowered Eos Energy Enterprises from a "strong-buy" rating to a "hold" rating in a research report on Thursday, February 20th. Finally, Guggenheim reaffirmed a "buy" rating and set a $7.00 price target on shares of Eos Energy Enterprises in a research report on Tuesday, March 18th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $6.00.
Get Our Latest Report on EOSE
Eos Energy Enterprises Stock Up 5.6%
The firm's 50 day moving average price is $4.91 and its two-hundred day moving average price is $4.50. The firm has a market capitalization of $1.44 billion, a PE ratio of -2.62 and a beta of 2.11.
Eos Energy Enterprises (NASDAQ:EOSE - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported ($0.20) EPS for the quarter, missing analysts' consensus estimates of ($0.19) by ($0.01). The business had revenue of $10.46 million for the quarter, compared to analysts' expectations of $11.77 million. On average, sell-side analysts anticipate that Eos Energy Enterprises, Inc. will post -2.54 earnings per share for the current fiscal year.
Insider Buying and Selling at Eos Energy Enterprises
In related news, insider Nathan Kroeker sold 152,856 shares of the stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $6.86, for a total value of $1,048,592.16. Following the completion of the transaction, the insider now owns 403,815 shares in the company, valued at $2,770,170.90. This represents a 27.46% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Sumeet Puri sold 36,173 shares of the firm's stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $6.86, for a total transaction of $248,146.78. Following the transaction, the chief accounting officer now owns 95,624 shares in the company, valued at $655,980.64. This represents a 27.45% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 560,356 shares of company stock worth $3,844,042. 3.63% of the stock is owned by insiders.
Hedge Funds Weigh In On Eos Energy Enterprises
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust bought a new position in shares of Eos Energy Enterprises in the fourth quarter valued at $29,000. R Squared Ltd acquired a new stake in Eos Energy Enterprises during the 4th quarter valued at $31,000. KBC Group NV acquired a new position in Eos Energy Enterprises during the first quarter valued at $38,000. SBI Securities Co. Ltd. boosted its position in Eos Energy Enterprises by 588.0% during the 1st quarter. SBI Securities Co. Ltd. now owns 10,065 shares of the company's stock worth $38,000 after acquiring an additional 8,602 shares during the period. Finally, Elevatus Welath Management purchased a new position in shares of Eos Energy Enterprises during the 1st quarter valued at $39,000. 54.87% of the stock is owned by institutional investors.
About Eos Energy Enterprises
(
Get Free Report)
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.
Further Reading
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