Market Recap: Eos Energy Enterprises Inc (EOSE)’s Negative Momentum, Closing at 0.86

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The closing price of Eos Energy Enterprises Inc (NASDAQ: EOSE) was $0.86 for the day, down -6.41% from the previous closing price of $0.91. In other words, the price has decreased by -$6.41 from its previous closing price. On the day, 11.31 million shares were traded. EOSE stock price reached its highest trading level at $0.9544 during the session, while it also had its lowest trading level at $0.8512.

Ratios:

Our analysis of EOSE’s different ratios will help us gain a deeper understanding of the company. 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:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 178136752 and an Enterprise Value of 358201376. For the stock, the TTM Price-to-Sale (P/S) ratio is 12.60. Its current Enterprise Value per Revenue stands at 25.325 whereas that against EBITDA is -2.538.

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 $0.61. The 50-Day Moving Average of the stock is 12.47%, while the 200-Day Moving Average is calculated to be -30.44%.

Shares Statistics:

EOSE traded an average of 5.42M shares per day over the past three months and 6481740 shares per day over the past ten days. A total of 208.13M shares are outstanding, with a floating share count of 202.95M. Insiders hold about 2.49% of the company’s shares, while institutions hold 45.43% stake in the company. Shares short for EOSE as of 1715731200 were 50866965 with a Short Ratio of 8.86, compared to 1713139200 on 46933897. Therefore, it implies a Short% of Shares Outstanding of 50866965 and a Short% of Float of 25.39.

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