Eos Energy Enterprises, Inc. (NASDAQ:EOSE - Get Free Report)'s stock price rose 8.9% during trading on Wednesday . The stock traded as high as $5.03 and last traded at $5.01. Approximately 1,950,744 shares traded hands during trading, a decline of 76% from the average daily volume of 8,013,365 shares. The stock had previously closed at $4.60.
Analyst Ratings Changes
Separately, Roth Mkm decreased their price objective 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 analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $3.90.
Read Our Latest Report on Eos Energy Enterprises
Eos Energy Enterprises Price Performance
The company's 50-day simple moving average is $3.85 and its 200-day simple moving average is $2.93. The stock has a market capitalization of $1.31 billion, a P/E ratio of -2.50 and a beta of 2.09.
Institutional Trading of Eos Energy Enterprises
Institutional investors and hedge funds have recently bought and sold shares of the business. Point72 DIFC Ltd acquired a new position in shares of Eos Energy Enterprises during the 2nd quarter worth approximately $83,000. Cubist Systematic Strategies LLC increased its holdings in shares of Eos Energy Enterprises by 138,544.3% in the second quarter. Cubist Systematic Strategies LLC now owns 134,485 shares of the company's stock valued at $171,000 after purchasing an additional 134,388 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Eos Energy Enterprises in the second quarter valued at about $216,000. Millennium Management LLC raised its position in shares of Eos Energy Enterprises by 5,744.5% in the second quarter. Millennium Management LLC now owns 3,164,017 shares of the company's stock valued at $4,018,000 after purchasing an additional 3,109,880 shares during the period. Finally, Scientech Research LLC acquired a new stake in shares of Eos Energy Enterprises during the 2nd quarter worth about $36,000. Institutional investors own 54.87% of the company's stock.
About Eos Energy Enterprises
(
Get Free Report)
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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