Investing in Eos Energy Enterprises Inc. [EOSE]: What You Must Know


In a filing, Eos Energy Enterprises Inc. revealed its Chief Executive Officer Mastrangelo Joe acquired Company’s shares for reported $98000.0 on May 12. In the deal valued at $1.40 per share,70,000 shares were bought. As a result of this transaction, Mastrangelo Joe now holds 338,727 shares worth roughly $ 0.52 million.

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Then, Gonzales Randall B bought 70,000 shares, generating $101,836 in total proceeds. Upon buying the shares at $1.45, the Chief Financial Officer now owns 113,700 shares.

Before that, Shribman Daniel bought 15,000 shares. Eos Energy Enterprises Inc. shares valued at $21,674 were divested by the Director at a price of $1.44 per share. As a result of the transaction, Shribman Daniel now holds 1,023,948 shares, worth roughly $1.57 million.

Guggenheim initiated its Eos Energy Enterprises Inc. [EOSE] rating to a Neutral in a research note published on Friday. A number of analysts have revised their coverage, including B. Riley Securities’s analysts, who remained covering the stock and in late February has reiterated a ‘”a Buy”‘ rating for it. Evercore ISI began covering EOSE with “an Outperform” recommendation on November 22, 2021. The Benchmark Company started covering the stock on November 11, 2021. It rated EOSE as “a Hold”.

Price Performance Review of EOSE

On Friday, Eos Energy Enterprises Inc. [NASDAQ:EOSE] saw its stock jump 4.79% to $1.53. On the same session, the stock had its day’s lowest price of $1.4599, but rose to a high of $1.55. Over the last five days, the stock has gained 7.75%. Eos Energy Enterprises Inc. shares have fallen nearly -79.65% since the year began. Nevertheless, the stocks have fallen -86.19% over the past one year. While a 52-week high of $12.00 was reached on 01/03/22, a 52-week low of $1.00 was recorded on 05/20/22. SMA at 50 days reached $1.7836, while 200 days put it at $2.4044. A total of 1.16 million shares were traded, compared to the trading of 0.56 million shares in the previous session.

Levels Of Support And Resistance For EOSE Stock

The 24-hour chart illustrates a support level at 1.4766, which if violated will result in even more drops to 1.4232. On the upside, there is a resistance level at 1.5667. A further resistance level may holdings at 1.6034. The Relative Strength Index (RSI) on the 14-day chart is 47.26, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0012, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 39.77%. Stochastics %K at 49.79% indicates the stock is a holding.

How much short interest is there in Eos Energy Enterprises Inc.?

A steep rise in short interest was recorded in Eos Energy Enterprises Inc. stocks on Jul 14, 2022, dropping by -1.66 million shares to a total of 11.99 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 13.65 million shares. There was a decline of -13.84%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 23.35% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.7.

Eos Energy Enterprises Inc. [EOSE] – Who Are The Largest Shareholders?

In filings from Yorkville Advisors LLC, it is revealed that the company now owns 5,939,560 shares, or roughly 9.96% of the outstanding EOSE shares. Additionally, Invesco Capital Management LLC decreased -7.22% of its stake after which the total value it holdings stand at $6,193,375. At present, Koch Industries, Inc. is holding 2,538,261 shares valued at $4.24 million. Reservoir Operations LP owned 1,813,747 shares of the company at the time of its most recent 13F filing, worth $3.03 million.

The most recent change occurred on September 17, 2021 when Johnson Rice began covering the stock and recommended ‘”a Buy”‘ rating along with a $20 price target.


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