Eos Energy Enterprises (NASDAQ:EOSE) Sets New 1-Year High - Time to Buy?

Eos Energy Enterprises, Inc. (NASDAQ:EOSE - Get Free Report)'s share price reached a new 52-week high during trading on Monday . The company traded as high as $3.74 and last traded at $3.67, with a volume of 4064584 shares traded. The stock had previously closed at $3.40.

Analyst Ratings Changes

EOSE has been the subject of a number of research analyst reports. Roth Mkm reduced their price target on Eos Energy Enterprises from $4.50 to $4.00 and set a "buy" rating for the company in a report on Thursday, November 7th. Stifel Nicolaus reiterated a "buy" rating and set a $6.00 price target on shares of Eos Energy Enterprises in a report on Wednesday, August 21st. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $3.90.

Eos Energy Enterprises Trading Up 18.8 %

The company's 50 day moving average price is $2.94 and its two-hundred day moving average price is $2.25. The firm has a market cap of $880.36 million, a PE ratio of -1.69 and a beta of 2.31.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Hollencrest Capital Management increased its stake in shares of Eos Energy Enterprises by 1,000.0% in the third quarter. Hollencrest Capital Management now owns 8,250 shares of the company's stock worth $25,000 after acquiring an additional 7,500 shares during the period. WESPAC Advisors LLC acquired a new stake in shares of Eos Energy Enterprises in the third quarter worth $32,000. Focused Wealth Management Inc acquired a new stake in shares of Eos Energy Enterprises in the third quarter worth $46,000. Walleye Capital LLC acquired a new stake in shares of Eos Energy Enterprises in the third quarter worth $48,000. Finally, Price T Rowe Associates Inc. MD grew its position in Eos Energy Enterprises by 74.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 43,930 shares of the company's stock valued at $46,000 after buying an additional 18,735 shares during the period. Institutional investors and hedge funds own 54.87% of the company's stock.

Eos Energy Enterprises Company Profile

Eos Energy Enterprises, Inc designs, manufactures, and markets zinc-based energy storage solutions for utility-scale, microgrid, and commercial and industrial (C&I) applications in the United States. The company offers Znyth technology battery energy storage system (BESS), which provides the operating flexibility to manage increased grid complexity and price volatility.