Eos Energy Enterprises Sees Unusually Large Options Volume (NASDAQ:EOSE)

Eos Energy Enterprises, Inc. (NASDAQ:EOSE - Get Free Report) saw unusually large options trading on Tuesday. Investors acquired 30,934 put options on the stock. This is an increase of approximately 16% compared to the average daily volume of 26,724 put options.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Hollencrest Capital Management boosted its position in shares of Eos Energy Enterprises by 1,000.0% during the 3rd quarter. Hollencrest Capital Management now owns 8,250 shares of the company's stock valued at $25,000 after acquiring an additional 7,500 shares during the last quarter. Parkside Financial Bank & Trust bought a new stake in shares of Eos Energy Enterprises during the 4th quarter valued at about $29,000. R Squared Ltd bought a new stake in shares of Eos Energy Enterprises during the 4th quarter valued at about $31,000. WESPAC Advisors LLC bought a new stake in shares of Eos Energy Enterprises during the 3rd quarter valued at about $32,000. Finally, Focused Wealth Management Inc bought a new stake in shares of Eos Energy Enterprises during the 3rd quarter valued at about $46,000. Institutional investors own 54.87% of the company's stock.

Eos Energy Enterprises Stock Performance

NASDAQ EOSE traded up $0.30 during trading hours on Friday, hitting $4.37. The company had a trading volume of 5,887,641 shares, compared to its average volume of 7,380,345. Eos Energy Enterprises has a 52 week low of $0.61 and a 52 week high of $6.64. The firm has a 50 day simple moving average of $5.19 and a 200 day simple moving average of $3.63. The firm has a market capitalization of $952.28 million, a price-to-earnings ratio of -1.81 and a beta of 2.10.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on EOSE shares. Roth Capital lowered Eos Energy Enterprises from a "strong-buy" rating to a "hold" rating in a report on Thursday, February 20th. Roth Mkm lowered Eos Energy Enterprises from a "buy" rating to a "neutral" rating and lifted their price objective for the stock from $4.00 to $5.00 in a report on Thursday, February 20th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $4.10.

About Eos Energy Enterprises

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.