Eos Energy Enterprises Inc’s recent filing unveils that its Director DIMITRIEF ALEXANDER acquired Company’s shares for reported $5638.0 on Mar 08 ’24. In the deal valued at $1.13 per share,5,000 shares were bought. As a result of this transaction, DIMITRIEF ALEXANDER now holds 10,000 shares worth roughly $10100.0.
Then, Mastrangelo Joe bought 36,500 shares, generating $74,810 in total proceeds. Upon buying the shares at $2.05, the Chief Executive Officer now owns 590,799 shares.
Before that, Demby Claude sold 20,143 shares. Eos Energy Enterprises Inc shares valued at $55,998 were divested by the Director at a price of $2.78 per share. As a result of the transaction, Demby Claude now holds 62,012 shares, worth roughly $62632.12.
Seaport Research Partners downgraded its Eos Energy Enterprises Inc [EOSE] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Guggenheim’s analysts, who increased its forecast for the stock in early September from “a Neutral” to “a Buy”. B. Riley Securities also remained covering EOSE and has decreased its forecast on June 30, 2023 with a “Neutral” recommendation from previously “Buy” rating. TD Cowen started covering the stock on June 02, 2023. It rated EOSE as “a Market perform”.
Price Performance Review of EOSE
On Friday, Eos Energy Enterprises Inc [NASDAQ:EOSE] saw its stock jump 2.69% to $1.01. Over the last five days, the stock has lost -1.94%. Eos Energy Enterprises Inc shares have fallen nearly -7.34% since the year began. Nevertheless, the stocks have fallen -62.59% over the past one year. While a 52-week high of $5.66 was reached on 02/01/24, a 52-week low of $0.73 was recorded on 01/17/24. SMA at 50 days reached $1.0377, while 200 days put it at $1.9044. A total of 3.29 million shares were traded, compared to the trading of 3.52 million shares in the previous session.
Levels Of Support And Resistance For EOSE Stock
The 24-hour chart illustrates a support level at 0.9740, which if violated will result in even more drops to 0.9380. On the upside, there is a resistance level at 1.0280. A further resistance level may holdings at 1.0460. The Relative Strength Index (RSI) on the 14-day chart is 50.46, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0136, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 57.96%. Stochastics %K at 29.07% 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 Mar 15, 2024, dropping by -1.42 million shares to a total of 44.84 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 46.26 million shares. There was a decline of -3.17%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 22.81% of the overall stock float, the days-to-cover ratio (short ratio) fell to 8.37.
The most recent change occurred on December 02, 2022 when Stifel began covering the stock and recommended ‘”a Buy”‘ rating along with a $11 price target.
