Investing in Eos Energy Enterprises Inc. (EOSE): What You Must Know


Eos Energy Enterprises Inc.’s recent filing unveils that its Director Stidolph Russell Monoki acquired Company’s shares for reported $99166.0 on Nov 10. In the deal valued at $1.24 per share,79,850 shares were bought. As a result of this transaction, Stidolph Russell Monoki now holds 160,310 shares worth roughly $ 0.3 million.

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Then, Mastrangelo Joe bought 65,000 shares, generating $74,744 in total proceeds. Upon buying the shares at $1.15, the Chief Executive Officer now owns 403,727 shares.

Before that, Bornstein Jeffrey S bought 20,000 shares. Eos Energy Enterprises Inc. shares valued at $25,936 were divested by the Director at a price of $1.30 per share. As a result of the transaction, Bornstein Jeffrey S now holds 20,000 shares, worth roughly $37200.0.

Stifel initiated its Eos Energy Enterprises Inc. [EOSE] rating to a Buy in a research note published on Friday, December 02, 2022; the price target was $11. PT values the company’s stock at a premium of 83.09 to its Friday closing price. A number of analysts have revised their coverage, including Guggenheim’s analysts, who began to cover the stock in late March with a ‘”a Neutral”‘ rating. B. Riley Securities also remained covering EOSE and reiterated its “Buy” recommendation on February 28, 2022. Evercore ISI started covering the stock on November 22, 2021. It rated EOSE as “an Outperform”.

Price Performance Review of EOSE

On Friday, Eos Energy Enterprises Inc. [NASDAQ:EOSE] saw its stock jump 9.41% to $1.86. On the same session, the stock had its day’s lowest price of $1.73, but rose to a high of $1.94. Over the last five days, the stock has lost -9.71%. Eos Energy Enterprises Inc. shares have risen nearly 25.68% since the year began. Nevertheless, the stocks have fallen -29.01% over the past one year. While a 52-week high of $4.97 was reached on 02/27/23, a 52-week low of $0.95 was recorded on 01/26/23. SMA at 50 days reached $1.4928, while 200 days put it at $1.6653. A total of 2.83 million shares were traded, compared to the trading of 2.3 million shares in the previous session.

Levels Of Support And Resistance For EOSE Stock

The 24-hour chart illustrates a support level at 1.7467, which if violated will result in even more drops to 1.6333. On the upside, there is a resistance level at 1.9567. A further resistance level may holdings at 2.0533. The Relative Strength Index (RSI) on the 14-day chart is 54.96, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0517, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 48.18%. Stochastics %K at 43.94% 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 Jan 30, 2023, dropping by -0.25 million shares to a total of 7.16 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2022 was 7.41 million shares. There was a decline of -3.49%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 9.50% of the overall stock float, the days-to-cover ratio (short ratio) fell to 3.79.

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

In filings from Point72 Asset Management LP, it is revealed that the company now owns 5,535,030 shares, or roughly 6.70% of the outstanding EOSE shares. In other words, the investor’s shares have risen by 2,341,628 from its previous 13-F filing of 3193402.0. At present, Barings LLC is holding 1,204,430 shares valued at $1.77 million. Lynwood Capital Management, Inc. owned 1,125,000 shares of the company at the time of its most recent 13F filing, worth $1.65 million.

According to FactSet, Eos Energy Enterprises Inc.’s share price will average $4.58 in the next year, based on opinions of analysts polled by the firm. This is up nearly 91.18 percent from its previous closing price of $1.70. Analysts expect Eos Energy Enterprises Inc. stock to reach the higher price of $11.00, while the lowest price estimate is $3.00. The most recent change occurred on November 11, 2021 when The Benchmark Company began covering the stock and recommended ‘”a Hold”‘ rating.


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