Eos Energy Enterprises Inc [NASDAQ: EOSE] gained 13.88% on the last trading session, reaching $1.05 price per share at the time. The company report on January 9, 2024 at 7:30 AM that Eos Energy Enterprises and TETRA Technologies, Inc. Extend Partnership, Expanding Electrolyte Production Capacity.
Companies executed an agreement establishing TETRA as the preferred strategic supplier of electrolyte products for Eos.
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If compared to the average trading volume of 6.71M shares, EOSE reached a trading volume of 6188952 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Eos Energy Enterprises Inc [EOSE]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for EOSE shares is $7.71 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on EOSE stock is a recommendation set at 1.67. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Seaport Research Partners have made an estimate for Eos Energy Enterprises Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on September 05, 2023.
The Average True Range (ATR) for Eos Energy Enterprises Inc is set at 0.12, with the Price to Sales ratio for EOSE stock in the period of the last 12 months amounting to 16.27.
Trading performance analysis for EOSE stock
Eos Energy Enterprises Inc [EOSE] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 33.11. With this latest performance, EOSE shares dropped by -7.08% in over the last four-week period, additionally sinking by -66.67% over the last 6 months – not to mention a drop of -22.79% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for EOSE stock in for the last two-week period is set at 51.39, with the RSI for the last a single of trading hit 58.36, and the three-weeks RSI is set at 47.79 for Eos Energy Enterprises Inc [EOSE]. The present Moving Average for the last 50 days of trading for this stock 1.1071, while it was recorded at 0.9040 for the last single week of trading, and 2.2531 for the last 200 days.
Eos Energy Enterprises Inc [EOSE]: A deeper dive into fundamental analysis
Eos Energy Enterprises Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.47 and a Current Ratio set at 2.32.
Eos Energy Enterprises Inc [EOSE]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Eos Energy Enterprises Inc posted -0.68/share EPS, while the average EPS was predicted by analysts to be reported at -0.72/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 5.60%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for EOSE.
An analysis of Institutional ownership at Eos Energy Enterprises Inc [EOSE]
The top three institutional holders of EOSE stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in EOSE stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in EOSE stock with ownership which is approximately 5.8325%.
