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

Eos Energy Enterprises, Inc. (NASDAQ:EOSE - Get Free Report) was the recipient of unusually large options trading on Tuesday. Traders acquired 40,913 call options on the stock. This represents an increase of approximately 60% compared to the typical volume of 25,494 call options.

Institutional Investors Weigh In On Eos Energy Enterprises

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EOSE. Hollencrest Capital Management lifted its stake in Eos Energy Enterprises by 1,000.0% in the third quarter. Hollencrest Capital Management now owns 8,250 shares of the company's stock valued at $25,000 after buying an additional 7,500 shares during the last quarter. Parkside Financial Bank & Trust purchased a new stake in Eos Energy Enterprises in the fourth quarter valued at approximately $29,000. R Squared Ltd purchased a new stake in Eos Energy Enterprises in the fourth quarter valued at approximately $31,000. WESPAC Advisors LLC purchased a new stake in Eos Energy Enterprises in the third quarter valued at approximately $32,000. Finally, Focused Wealth Management Inc purchased a new stake in Eos Energy Enterprises in the third quarter valued at approximately $46,000. Hedge funds and other institutional investors own 54.87% of the company's stock.

Eos Energy Enterprises Trading Down 6.3 %

EOSE stock traded down $0.33 during trading on Friday, hitting $4.90. 4,019,983 shares of the company's stock were exchanged, compared to its average volume of 7,917,914. Eos Energy Enterprises has a 52-week low of $0.61 and a 52-week high of $6.64. The business has a 50-day moving average price of $5.04 and a two-hundred day moving average price of $3.44. The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of -2.03 and a beta of 2.10.

Analyst Ratings Changes

Separately, Roth Mkm decreased their target price on Eos Energy Enterprises from $4.50 to $4.00 and set a "buy" rating for the company in a research note on Thursday, November 7th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Eos Energy Enterprises currently has an average rating of "Moderate Buy" and a consensus target price of $3.90.

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.