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Tuesday, June 6, 2023

Taking On Challenges And Growing? – Eos Energy Enterprises Inc. (EOSE)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Eos Energy Enterprises Inc. (EOSE) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $2.15. The Eos Energy Enterprises Inc. has recorded 51,497 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Eos Energy Enterprises Reports First Quarter 2023 Financial Results.

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Stocks Info

This NASDAQ-listed company operates within the Electrical Equipment & Parts industry segment, falling under the Industrials sector. At the end of the last regular session, the stock closed at $2.15 and fluctuated between $2.1900 as its day high and $1.9000 as its day low. The current market capitalization of Eos Energy Enterprises Inc. is $223.04M. A total of 7.59 million shares were traded on the day, compared to an average of 4.14M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, EOSE has seen 1 BUY and 1 SELL insider trades, representing the acquisition of 16,667 and the disposition of 6,180 shares. Over the last 12 months, there were 17 BUYs and 8 SELLs from insiders. Insiders purchased 832,954 shares during that period but sold 1,181,782.

In the most recent transaction, Stidolph Russell Monoki bought 79,850 shares of EOSE for 1.24 per share on Nov 10. After the transaction, the Director now owns 160,310 company shares. In a previous transaction on Nov 10, Mastrangelo Joe bought 65,000 shares at 1.15 per share. EOSE shares that Chief Executive Officer owns now total 403,727.

Among the insiders who bought shares, Bornstein Jeffrey S acquired of 20,000 shares on Nov 10 at a per-share price of $1.30. This resulted in the Director holding 20,000 shares of EOSE after the transaction. In another insider transaction, Shribman Daniel sold 50,000 shares at $1.17 per share on Nov 10. Company shares held by the Former Director now total 33,960.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for EOSE in the last 3 months, the mean price target is $4.92 with high estimates of $13.00 and low estimates of $3.00. In terms of 52-week highs and lows, EOSE has a high of $3.40 and a low of $0.95.

As of this writing, EOSE has an earnings estimate of -$0.58 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of -$0.3 per share and a lower estimate of -$1.03. The company reported an EPS of -$0.68 in the last quarter, which was 5.60% higher than expectations of -$0.72.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. EOSE’s latest balance sheet shows that the firm has $104.83M in Cash & Short Term Investments as of fiscal 2021. There were $113.52M in debt and $29.92M in liabilities at the time. Its Book Value Per Share was -$1.73, while its Total Shareholder’s Equity was $32.45M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for EOSE is Buy with a score of 5.00.

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