Closing Bell Recap: Eos Energy Enterprises Inc (EOSE) Ends at 1.95, Reflecting a -5.34 Downturn

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Eos Energy Enterprises Inc (NASDAQ: EOSE) closed the day trading at $1.95 down -5.34% from the previous closing price of $2.06. In other words, the price has decreased by -$5.34 from its previous closing price. On the day, 20.13 million shares were traded. EOSE stock price reached its highest trading level at $2.175 during the session, while it also had its lowest trading level at $1.76.

Ratios:

For a better understanding of EOSE, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.02 and its Current Ratio is at 1.34.

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 Mar 08 ’24 when DIMITRIEF ALEXANDER bought 5,000 shares for $1.13 per share. The transaction valued at 5,638 led to the insider holds 10,000 shares of the business.

Mastrangelo Joe bought 36,500 shares of EOSE for $74,810 on Sep 21 ’23. The Chief Executive Officer now owns 590,799 shares after completing the transaction at $2.05 per share. On Sep 07 ’23, another insider, Demby Claude, who serves as the Director of the company, sold 20,143 shares for $2.78 each. As a result, the insider received 55,998 and left with 62,012 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 422153536 and an Enterprise Value of 585913728. For the stock, the TTM Price-to-Sale (P/S) ratio is 29.86. Its current Enterprise Value per Revenue stands at 41.425 whereas that against EBITDA is -4.152.

Stock Price History:

The Beta on a monthly basis for EOSE is 2.47, which has changed by -0.40548778 over the last 52 weeks, in comparison to a change of 0.24125004 over the same period for the S&P500. Over the past 52 weeks, EOSE has reached a high of $4.81, while it has fallen to a 52-week low of $0.61. The 50-Day Moving Average of the stock is 89.19%, while the 200-Day Moving Average is calculated to be 68.41%.

Shares Statistics:

Over the past 3-months, EOSE traded about 7.88M shares per day on average, while over the past 10 days, EOSE traded about 11869650 shares per day. A total of 216.49M shares are outstanding, with a floating share count of 211.08M. Insiders hold about 2.50% of the company’s shares, while institutions hold 43.81% stake in the company. Shares short for EOSE as of 1719532800 were 43520417 with a Short Ratio of 5.52, compared to 1717113600 on 47998400. Therefore, it implies a Short% of Shares Outstanding of 43520417 and a Short% of Float of 20.849999999999998.

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