Eos Energy Enterprises Inc (NASDAQ:EOSE) shares, rose in value, with the stock price down by -2.32% to the previous day’s close as strong demand from buyers drove the stock to $0.96.
Actively observing the price movement in the last trading, the stock closed the session at $0.99. The value of beta (5-year monthly) was 2.22. Referring to stock’s 52-week performance, its high was $5.66, and the low was $0.73. On the whole, EOSE has fluctuated by -4.69% over the past month.
With the market capitalization of Eos Energy Enterprises Inc currently standing at about $195.07 million, investors are eagerly awaiting this quarter’s results, scheduled for May 07, 2024 – May 13, 2024. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.21, which is expected to increase to -$0.13 for fiscal year -$0.73 and then to about -$0.16 by fiscal year 2025. Data indicates that the EPS growth is expected to be 59.70% in 2025, while the next year’s EPS growth is forecast to be 78.10%.
Analysts have estimated the company’s revenue for the quarter at $6.28 million, with a low estimate of $3.37 million and a high estimate of $7.7 million. According to the average forecast, sales growth in current quarter could jump up 102.60%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $73.92 million, representing an increase of 351.30% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were 1 upward and no downward review(s) in last seven days. We see that EOSE’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of EOSE currently trading nearly -5.05% and -7.53% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 44.06, while the 7-day volatility ratio is showing 8.56% which for the 30-day chart, stands at 9.28%. Furthermore, Eos Energy Enterprises Inc (EOSE)’s beta value is 2.23, and its average true range (ATR) is 0.09.
A comparison of Eos Energy Enterprises Inc (EOSE) with its peers suggests the former has fared considerably weaker in the market. EOSE showed an intraday change of -2.32% in last session, and over the past year, it shrunk by -62.54%%.
Data on historical trading for Eos Energy Enterprises Inc (NASDAQ:EOSE) indicates that the trading volumes over the past 10 days have averaged 4.66 million and over the past 3 months, they’ve averaged 5.40 million. According to company’s latest data on outstanding shares, there are 199.13 million shares outstanding.
Nearly 2.72% of Eos Energy Enterprises Inc’s shares belong to company insiders and institutional investors own 46.91% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 44.84 million shares as on Mar 15, 2024, resulting in a short ratio of 8.37. According to the data, the short interest in Eos Energy Enterprises Inc (EOSE) stood at 22.13% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 46.26 million. The stock has fallen by -11.69% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the EOSE stock heading into the next quarter.
