The trading price of Eos Energy Enterprises Inc. (NASDAQ:EOSE) closed higher on Monday, August 22, closing at $2.06, 10.16% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $1.74 and $2.10. In examining the 52-week price action we see that the stock hit a 52-week high of $14.74 and a 52-week low of $1.00. Over the past month, the stock has lost -11.97% in value.
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Eos Energy Enterprises Inc., whose market valuation is $85.59 million at the time of this writing, is expected to release its quarterly earnings report Nov 08, 2022 – Nov 14, 2022. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by -$0.72 per share this quarter, however they have predicted annual earnings per share of -$3.13 for 2022 and -$1.54 for 2023. It means analysts are expecting annual earnings per share growth of -32.60% this year and 50.80% next year.
Analysts have forecast the company to bring in revenue of $13.3 million for the current quarter, with the likely lows of $12.3 million and highs of $14 million. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2022 is $51.05 million. The company’s revenue is forecast to grow by 1,010.30% over what it did in 2022.
A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Eos Energy Enterprises Inc. No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest EOSE has a Hold on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 75% Sell, while an average of long term indicators suggests that the stock is currently 100% Sell.
A quick review shows that EOSE’s price is currently -17.85% off the SMA20 and -0.16% off the SMA50. The RSI metric on the 14-day chart is currently showing 45.63, and weekly volatility stands at 15.44%. When measured over the past 30 days, the indicator reaches 14.30%. Eos Energy Enterprises Inc. (NASDAQ:EOSE)’s beta value is currently sitting at 0, while the Average True Range indicator is currently displaying 0.35.
To see how Eos Energy Enterprises Inc. stock has been performing in comparison to its peers in the industry, here are the numbers: EOSE stock’s performance was 10.16% in the latest trading, and -82.13% in the past year. Also in last trading session, the S&P 500 Index has plunged -2.14%, while the Dow Jones Industrial also saw a negative session, down -1.91% on the day.
An evaluation of the daily trading volume of Eos Energy Enterprises Inc. (NASDAQ:EOSE) indicates that the 3-month average is 3.67 million. However, this figure has increased over the past 10 days to an average of 2.6 million.
Currently, records show that 56.02 million of the company’s shares remain outstanding. The insiders hold 11.00% of outstanding shares, whereas institutions hold 79.00%. The stats also highlight that short interest as of Jul 28, 2022, stood at 9.81 million shares, resulting in a short ratio of 1.91 at that time. From this, we can conclude that short interest is 16.45% of the company’s total outstanding shares. It is noteworthy that short shares in July were down slightly from the previous month’s figure, which was 11.75 million. However, since the stock’s price has seen -72.61% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.