Take A Look At This Eos Energy Enterprises Inc. (NASDAQ: EOSE) Analysis Before Investing

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Eos Energy Enterprises Inc. (NASDAQ:EOSE) price closed lower on Monday, July 25, dropping -7.26% below its previous close.

A look at the daily price movement shows that the last close reads $2.34, with intraday deals fluctuated between $2.00 and $2.3099. Taking into account the 52-week price action we note that the stock hit a 52-week high of $17.65 and 52-week low of $1.00. The stock added 51.75% on its value in the past month.

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Eos Energy Enterprises Inc., which has a market valuation of $157.37 million, is expected to release its quarterly earnings report Feb 23, 2022 – Feb 28, 2022. Analysts tracking EOSE have forecast the quarterly EPS to shrink by -0.53 per share this quarter, while the same analysts predict the annual EPS to hit -$2.13 for the year 2022 and up to -$0.98 for 2023. In this case, analysts estimate an annual EPS growth of 9.70% for the year and 54.00% for the next year.

On average, analysts have forecast the company’s revenue for the quarter will hit $6.61 million, with the likely lows of $5 million and highs of $10 million. The average estimate suggests sales growth for the quarter will likely rise by 980.10% when compared to those recorded in the same quarter in the last financial year. Staying with the analyst view, there is a consensus estimate of $50.74 million for the company’s annual revenue in 2022. Per this projection, the revenue is forecast to grow 1,003.50% above that which the company brought in 2022.

Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with 1 upward and no downward reviews. On the technical perspective front, indicators give EOSE a short term outlook of Hold on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Sell, while an average of long term indicators are currently assigning the stock as 100% Sell.

Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 4 analysts have assigned EOSE a recommendation rating as follows: 1 rate it as a Hold; 3 advise Buy while 0 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the Eos Energy Enterprises Inc. (EOSE) stock as Underweight, with 0 recommending Sell. In general, analysts have rated the stock Overweight, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.

The overview shows that EOSE’s price is at present 17.20% off the SMA20 and 32.22% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 54.04, with weekly volatility standing at 20.54%. The indicator jumps to 15.69% when calculated based on the past 30 days. Eos Energy Enterprises Inc. (NASDAQ:EOSE)’s beta value is holding at 0, while the average true range (ATR) indicator is currently reading 0.30. Considering analysts have assigned the stock a price target range of $6.00-$9.00 as the low and high respectively, we find the trailing 12-month average consensus price target to be $7.50. Based on this estimate, we see that current price is roughly -176.5% off the estimated low and -314.75% off the forecast high. Investors will no doubt be excited to see the share price fall to $7.50, which is the median consensus price, and at that level EOSE would be -245.62% from current price.

An analysis of the Eos Energy Enterprises Inc. (NASDAQ:EOSE) stock in terms of its daily trading volume indicates that the 3-month average is 4.07 million. However, this figure increases on the past 10-day timeline to an average of 3.59 million.

Current records show that the company has 53.96M in outstanding shares. The insiders’ percentage holdings are 7.10% of outstanding shares while the percentage share held by institutions stands at 58.10%. The stats also highlight that short interest as of Apr 28, 2022, stood at 12.12 million shares, which puts the short ratio at the time at 10.42. From this we can glean that short interest is 22.44% of company’s current outstanding shares. Notably, we see that shares short in April rose slightly given the previous month’s figure stood at 11.09 million. But the -71.14% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.