Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Eos Energy Enterprises Inc. shares valued at $99,166 were purchased by Stidolph Russell Monoki on Nov 10. At $1.24 per share, Stidolph Russell Monoki acquired 79,850 shares. The insider’s holdings grew to 160,310 shares worth approximately $0.29 million following the completion of this transaction.
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Also, Mastrangelo Joe purchased 65,000 shares, netting a total of over 74,744 in proceeds. Following the buying of shares at $1.15 each, the insider now holds 403,727 shares.
Before that, Bornstein Jeffrey S had added 20,000 shares to its account. In a trade valued at $25,936, the Director bought Eos Energy Enterprises Inc. shares for $1.30 each. Upon closing the transaction, the insider’s holdings increased to 20,000 shares, worth approximately $36000.0.
As published in their initiating research note from Stifel on December 02, 2022, Eos Energy Enterprises Inc. [EOSE] has been a Buy and the price target has been revised to $11. This represents a 83.64% premium over Wednesday’s closing price. Analysts at Guggenheim started covering the stock with ‘”a Neutral”‘ outlook in a report released in late March. As of February 28, 2022, B. Riley Securities has reiterated its “Buy” rating for EOSE. Earlier on November 22, 2021, Evercore ISI initiated its rating. Their recommendation was “an Outperform” for EOSE stock.
Analyzing EOSE Stock Performance
On Wednesday, Eos Energy Enterprises Inc. [NASDAQ: EOSE] plunged -3.74% to $1.80. The stock’s lowest price that day was $1.70, but it reached a high of $2.01 in the same session. During the last five days, there has been a drop of approximately -3.23%. Over the course of the year, Eos Energy Enterprises Inc. shares have jumped approximately 21.62%. Shares of the company reached a 52-week high of $2.3900 on 02/27/23 and a 52-week low of $1.2400 on 01/26/23. A 50-day SMA is recorded $1.6080, while a 200-day SMA reached $1.6873. Nevertheless, trading volume fell to 1.97 million shares from 2.84 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 1.6633, which, if violated, would cause prices to drop to 1.5267. In the upper region, resistance lies at 1.9733. The next price resistance is at 2.1467. RSI (Relative Strength Index) is 51.22 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0695, which suggests the price will decrease in the coming days. Percent R is at 69.41%, indicating low 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 Jan 30, 2023 dropping by -0.25 million shares to 7.16 million. Data from Yahoo Finance shows that the short interest on Dec 29, 2022 was 7.41 million shares. A decline of -3.49% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 3.79 of the overall float, the days-to-cover ratio (short ratio) decline to 3.79.
Which companies own the most shares of Eos Energy Enterprises Inc. (EOSE)?
According to Point72 Asset Management LP filings, the company currently owns 5,535,030 shares, which is about 6.70% of the total EOSE shares outstanding. The investor’s shares have appreciated by 2,341,628 from its previous 13-F filing of 3193402.0 shares. The Vanguard Group, Inc. acquire a 11.14% interest valued at $5.56 million while Koch Industries, Inc. 0 stake. In its current portfolio, Lynwood Capital Management, Inc. holds 1,125,000 shares valued at $2.46 million.
In terms of Eos Energy Enterprises Inc. share price expectations, FactSet research, analysts set an average price target of $4.58 in the next 12 months, up nearly 73.8% from the previous closing price of $1.87. Analysts anticipate Eos Energy Enterprises Inc. stock to reach $11.00 by 2023, with the lowest price target being $3.00. In spite of this, 6 analysts ranked Eos Energy Enterprises Inc. stock as a Buy at the end of 2023.