Shares of Eos Energy Enterprises, Inc. (NASDAQ:EOSE - Get Free Report) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $4.71 and last traded at $4.68, with a volume of 3268497 shares trading hands. The stock had previously closed at $4.57.
Wall Street Analyst Weigh In
Separately, Roth Mkm decreased 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. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $3.90.
Get Our Latest Analysis on Eos Energy Enterprises
Eos Energy Enterprises Trading Up 1.5 %
The stock has a market capitalization of $1.01 billion, a P/E ratio of -1.93 and a beta of 2.31. The stock's 50 day simple moving average is $3.05 and its 200 day simple moving average is $2.37.
Institutional Trading of Eos Energy Enterprises
Several institutional investors and hedge funds have recently bought and sold shares of EOSE. Millennium Management LLC grew its position in shares of Eos Energy Enterprises by 5,744.5% during the 2nd quarter. Millennium Management LLC now owns 3,164,017 shares of the company's stock valued at $4,018,000 after buying an additional 3,109,880 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Eos Energy Enterprises during the second quarter valued at approximately $216,000. Tidal Investments LLC acquired a new stake in shares of Eos Energy Enterprises during the 3rd quarter worth approximately $993,000. NewEdge Advisors LLC lifted its holdings in shares of Eos Energy Enterprises by 30.2% in the 2nd quarter. NewEdge Advisors LLC now owns 2,588,823 shares of the company's stock worth $3,288,000 after purchasing an additional 600,143 shares during the last quarter. Finally, Cullen Frost Bankers Inc. grew its stake in Eos Energy Enterprises by 40.0% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 70,000 shares of the company's stock worth $89,000 after buying an additional 20,000 shares during the last quarter. Institutional investors and hedge funds own 54.87% of the company's stock.
About Eos Energy Enterprises
(
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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.
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