Sunday, June 26, 2022

A company insider recently bought 70,000 shares of Eos Energy Enterprises Inc. [EOSE]. Should You Buy?

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Eos Energy Enterprises Inc. shares valued at $98,000 were purchased by Mastrangelo Joe on May 12. At $1.40 per share, Mastrangelo Joe acquired 70,000 shares. The insider’s holdings grew to 338,727 shares worth approximately $0.48 million following the completion of this transaction.

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Also, Gonzales Randall B purchased 70,000 shares, netting a total of over 101,836 in proceeds. Following the buying of shares at $1.45 each, the insider now holds 113,700 shares.

Before that, Shribman Daniel had added 15,000 shares to its account. In a trade valued at $21,674, the Director bought Eos Energy Enterprises Inc. shares for $1.44 each. Upon closing the transaction, the insider’s holdings increased to 15,000 shares, worth approximately $1.46 million.

As published in their initiating research note from Guggenheim on March 22, 2022, Eos Energy Enterprises Inc. [EOSE] has been a Neutral. Analysts at B. Riley Securities resumed the stock at ‘”a Buy”‘ outlook in a report released in late February. As of November 22, 2021, Evercore ISI has initiated its “an Outperform” rating for EOSE. Earlier on November 11, 2021, The Benchmark Company initiated its rating. Their recommendation was “a Hold” for EOSE stock.

Analyzing EOSE’s Price Performance

On Thursday, Eos Energy Enterprises Inc. [NASDAQ: EOSE] rose 2.14% to $1.43. The stock’s lowest price that day was $1.33, but it reached a high of $1.47 in the same session. During the last five days, there has been a drop of approximately -10.06%. Over the course of the year, Eos Energy Enterprises Inc. shares have dropped approximately -80.98%. Shares of the company reached a 52-week high of $7.9200 on 01/03/22 and a 52-week low of $1.0000 on 05/20/22. A 50-day SMA is recorded $1.8648, while a 200-day SMA reached $6.2642. Nevertheless, trading volume fell to 1.72 million shares from 1.22 million shares the previous day.

Support And Resistance Levels for Eos Energy Enterprises Inc. (EOSE)

According to the 24-hour chart, there is a support level at 1.3500, which, if violated, would cause prices to drop to 1.2700. In the upper region, resistance lies at 1.4900. The next price resistance is at 1.5500. RSI (Relative Strength Index) is 43.38 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.2455, which suggests the price will decrease in the coming days. Percent R is at 84.62%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

Is Eos Energy Enterprises Inc. subject to short interest?

Stocks of Eos Energy Enterprises Inc. saw a sharp rise in short interest on May 30, 2022 jumping by 0.99 million shares to 13.11 million. Data from Yahoo Finance shows that the short interest on Apr 28, 2022 was 12.12 million shares. A jump of 7.55% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 2.67 of the overall float, the days-to-cover ratio (short ratio) jumped to 2.67.

Which companies own the most shares of Eos Energy Enterprises Inc. (EOSE)?

According to Yorkville Advisors LLC filings, the company currently owns 5,939,560 shares, which is about 10.91% of the total EOSE shares outstanding. With the completion of the sale transaction, B. Riley Capital Management LLC’s stake is now worth $7,410,294. Invesco Capital Management LLC acquire a 44.80% interest valued at $5.52 million while Legal & General Investment Manage purchased a 201,762 stake. A total of 0 shares of Eos Energy Enterprises Inc. were bought by Koch Industries, Inc. during the quarter, and 28,513 were bought by BlackRock Fund Advisors. In its current portfolio, The Vanguard Group, Inc. holds 2,015,313 shares valued at $2.78 million.

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