Eos Energy Enterprises Inc. (EOSE) gets rating Downgrade from Seaport Research Partners


In a filing, Eos Energy Enterprises Inc. revealed its Director Demby Claude unloaded Company’s shares for reported $55998.0 on Sep 07. In the deal valued at $2.78 per share,20,143 shares were sold. As a result of this transaction, Demby Claude now holds 62,012 shares worth roughly $ 0.14 million.

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Then, Mastrangelo Joe bought 31,199 shares, generating $69,574 in total proceeds. Upon buying the shares at $2.23, the Chief Executive Officer now owns 554,299 shares.

Before that, DIMITRIEF ALEXANDER bought 5,000 shares. Eos Energy Enterprises Inc. shares valued at $10,641 were divested by the Director at a price of $2.13 per share. As a result of the transaction, DIMITRIEF ALEXANDER now holds 5,000 shares, worth roughly $11399.999999999998.

Seaport Research Partners downgraded its Eos Energy Enterprises Inc. [EOSE] rating to a Neutral from a a Buy in a research note published on Monday.

Price Performance Review of EOSE

On Monday, Eos Energy Enterprises Inc. [NASDAQ:EOSE] saw its stock fall -11.97% to $2.28. On the same session, the stock had its day’s lowest price of $2.24, but rose to a high of $2.58. Over the last five days, the stock has lost -16.79%. Eos Energy Enterprises Inc. shares have risen nearly 54.05% since the year began. Nevertheless, the stocks have fallen -8.06% over the past one year. While a 52-week high of $5.66 was reached on 06/29/23, a 52-week low of $0.95 was recorded on 07/27/23. SMA at 50 days reached $3.02, while 200 days put it at $2.31. A total of 10.24 million shares were traded, compared to the trading of 6.49 million shares in the previous session.

Levels Of Support And Resistance For EOSE Stock

The 24-hour chart illustrates a support level at 2.15, which if violated will result in even more drops to 2.03. On the upside, there is a resistance level at 2.49. A further resistance level may holdings at 2.71. The Relative Strength Index (RSI) on the 14-day chart is 38.03, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.45, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.44%. Stochastics %K at 5.14% indicates the stock is a buying.

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 Aug 30, 2023, growing by 6.14 million shares to a total of 34.54 million shares. Yahoo Finance data shows the prior-month short interest on Jul 30, 2023 was 28.4 million shares. There was a rise of 17.78%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 27.00% of the overall stock float, the days-to-cover ratio (short ratio) rose to 4.48.

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

In filings from Yorkville Advisors LLC, it is revealed that the company now owns 9,568,780 shares, or roughly 7.14% of the outstanding EOSE shares. In other words, the investor’s shares have risen by 9,103,663 from its previous 13-F filing of 465117.0.. Over the last quarter, The Vanguard Group, Inc. purchased 2,956,174 shares of Eos Energy Enterprises Inc., while SSgA Funds Management, Inc. bought 4,921,431 shares. At present, Susquehanna Financial Group LLLP is holding 3,431,670 shares valued at $11.15 million. Global X Management owned 3,331,500 shares of the company at the time of its most recent 13F filing, worth $10.83 million.

According to FactSet, Eos Energy Enterprises Inc.’s share price will average $10.25 in the next year, based on opinions of analysts polled by the firm. This is up nearly 286.1 percent from its previous closing price of $2.59. Analysts expect Eos Energy Enterprises Inc. stock to reach the higher price of $17.00, while the lowest price estimate is $4.50. However, 7 analysts have rated EOSE stock as an Overweight in their predictions for 2023.


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