Eos Energy Enterprises Inc (NASDAQ: EOSE) closed the day trading at $1.04 down -2.80% from the previous closing price of $1.07. In other words, the price has decreased by -$0.0300 from its previous closing price. On the day, 5456539 shares were traded.
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Ratios:
For a better understanding of EOSE, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.61 and its Current Ratio is at 2.01.
On September 01, 2023, Guggenheim Upgraded its rating to Buy which previously was Neutral but kept the price unchanged to $10.
B. Riley Securities Downgraded its Buy to Neutral on June 30, 2023, whereas the target price for the stock was revised from $3 to $4.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Sep 21 ’23 when Mastrangelo Joe bought 36,500 shares for $2.05 per share. The transaction valued at 74,810 led to the insider holds 590,799 shares of the business.
Demby Claude sold 20,143 shares of EOSE for $55,998 on Sep 07 ’23. The Director now owns 62,012 shares after completing the transaction at $2.78 per share. On Jul 28 ’23, another insider, Mastrangelo Joe, who serves as the Chief Executive Officer of the company, bought 31,199 shares for $2.23 each. As a result, the insider paid 69,574 and bolstered with 554,299 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, EOSE now has a Market Capitalization of 210.75M and an Enterprise Value of 349.98M. For the stock, the TTM Price-to-Sale (P/S) ratio is 12.87. Its current Enterprise Value per Revenue stands at 21.37 whereas that against EBITDA is -2.15.
Stock Price History:
Over the past 52 weeks, EOSE has reached a high of $5.66, while it has fallen to a 52-week low of $0.73. The 50-Day Moving Average of the stock is 1.0278, while the 200-Day Moving Average is calculated to be 2.0568.
Shares Statistics:
Over the past 3-months, EOSE traded about 6.83M shares per day on average, while over the past 10 days, EOSE traded about 5.01M shares per day. A total of 199.13M shares are outstanding, with a floating share count of 197.13M. Insiders hold about 2.72% of the company’s shares, while institutions hold 47.03% stake in the company. Shares short for EOSE as of Feb 15, 2024 were 46.26M with a Short Ratio of 6.77, compared to 49.98M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 23.23% and a Short% of Float of 23.96%.
Earnings Estimates
Current recommendations for the stock of the company come from 7 analysts. On average, analysts expect EPS of -$0.22 for the current quarter, with a high estimate of -$0.14 and a low estimate of -$0.33, while EPS last year was -$0.82. The consensus estimate for the next quarter is -$0.22, with high estimates of -$0.13 and low estimates of -$0.31.
Analysts are recommending an EPS of between -$0.52 and -$1.12 for the fiscal current year, implying an average EPS of -$0.76. EPS for the following year is -$0.12, with 7 analysts recommending between $0.45 and -$0.57.
Revenue Estimates
6 analysts predict $8.84M in revenue for the current quarter. It ranges from a high estimate of $21.6M to a low estimate of $3.37M. As of the current estimate, Eos Energy Enterprises Inc’s year-ago sales were $3.1M, an estimated increase of 185.20% from the year-ago figure. For the next quarter, 6 analysts are estimating revenue of $14.09M, an increase of 5,558.60% over than the figure of $185.20% in the same quarter last year. There is a high estimate of $43.8M for the next quarter, whereas the lowest estimate is $3.6M.
A total of 7 analysts have provided revenue estimates for EOSE’s current fiscal year. The highest revenue estimate was $230.3M, while the lowest revenue estimate was $62.17M, resulting in an average revenue estimate of $102.07M. In the same quarter a year ago, actual revenue was $16.38M, up 523.20% from the average estimate. Based on 6 analysts’ estimates, the company’s revenue will be $394.73M in the next fiscal year. The high estimate is $618.75M and the low estimate is $190.5M. The average revenue growth estimate for next year is up 286.70% from the average revenue estimate for this year.
