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 $0.71 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 $2.14 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 Wednesday, Eos Energy Enterprises Inc. [NASDAQ: EOSE] rose 2.96% to $2.09. The stock’s lowest price that day was $1.985, but it reached a high of $2.21 in the same session. During the last five days, there has been a drop of approximately -16.40%. Over the course of the year, Eos Energy Enterprises Inc. shares have dropped approximately -72.21%. Shares of the company reached a 52-week high of $7.92 on 01/03/22 and a 52-week low of $1.00 on 05/20/22. A 50-day SMA is recorded $2.33, while a 200-day SMA reached $3.32. Nevertheless, trading volume fell to 2.29 million shares from 2.42 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 1.98, which, if violated, would cause prices to drop to 1.87. In the upper region, resistance lies at 2.20. The next price resistance is at 2.32. RSI (Relative Strength Index) is 46.82 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.05, which suggests the price will decrease in the coming days. Percent R is at 74.51%, indicating bearish price movement. Stochastics %K at holding 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 steep in short interest on Jul 14, 2022 dropping by -1.66 million shares to 11.99 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 13.65 million shares. A decline of -13.84% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 2.7 of the overall float, the days-to-cover ratio (short ratio) decline to 2.7.
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 9.96% of the total EOSE shares outstanding. With the completion of the sale transaction, Invesco Capital Management LLC’s stake is now worth $7,639,732. B. Riley Capital Management LLC reduced a -52.32% interest valued at $5.27 million while Koch Industries, Inc. 2,538,261 stake. In its current portfolio, Barings LLC holds 1,204,430 shares valued at $2.48 million.
In terms of Eos Energy Enterprises Inc. share price expectations, FactSet research, analysts set an average price target of $7.25 in the next 12 months, up nearly 244.83% from the previous closing price of $2.03. Analysts anticipate Eos Energy Enterprises Inc. stock to reach $9.00 by 2022, with the lowest price target being $6.00. In spite of this, 4 analysts ranked Eos Energy Enterprises Inc. stock as an Overweight at the end of 2022. On September 17, 2021, Johnson Rice assigned a price target of “a Buy” to the stock and initiated coverage with a $20.