This trade activity should not be overlooked: Eos Energy Enterprises Inc (EOSE)

With 6.95 million shares changed hands, the volume of the stock remained lighter than its average volume of 7.12 million shares. During the session, the Electrical Equipment & Parts company that operates in wider Industrials sector, reached to the highest price of $2.45 whereas the lowest price it dropped to was $2.32. The 52-week range on EOSE shows that it touched its highest point at $3.66 and its lowest point at $0.61 during that stretch. It currently has a 1-year price target of $4.08. Beta for the stock currently stands at 2.28.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of EOSE was down-trending over the past week, with a drop of -25.16%, but this was down by -24.68% over a month. Three-month performance surged to 32.22% while six-month performance rose 190.24%. The stock gained 85.94% in the past year, while it has gained 118.35% so far this year. A look at the trailing 12-month EPS for EOSE yields -2.46 with Next year EPS estimates of -0.36. For the next quarter, that number is -0.18. This implies an EPS growth rate of -29.25% for this year and 84.40% for next year.

Float and Shares Shorts:

At present, 217.91 million EOSE shares are outstanding with a float of 211.53 million shares on hand for trading. On 2024-10-31, short shares totaled 57.29 million, which was 2629.0000000000005 higher than short shares on 1727654400. In addition to Mr. Joseph R. Mastrangelo Jr. as the firm’s CEO & Director, Mr. Sumeet Puri serves as its Chief Accounting Officer.

Institutional Ownership:

Through their ownership of 0.32013 of EOSE’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, EOSE reported revenue of $854000.0 and operating income of -$50134000.0. The EBITDA in the recently reported quarter was -$51941000.0 and diluted EPS was -$1.77.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for EOSE since 4 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With EOSE analysts setting a high price target of 7.0 and a low target of 2.5, the average target price over the next 12 months is 4.42. Based on these targets, EOSE could surge 194.12% to reach the target high and rise by 5.04% to reach the target low. Reaching the average price target will result in a growth of 85.71% from current levels.

Analysts have provided yearly estimates in a range of -$2.31157 being high and -$2.37655 being low. For EOSE, this leads to a yearly average estimate of -$2.33942. The surprise factor in the prior quarter was -$0.19. Based on analyst estimates, the high estimate for the next quarter is -$0.08 and the low estimate is -$0.23. The average estimate for the next quarter is thus -$0.15.