Eos Energy Enterprises Inc (EOSE) stock: 12-month forecast projects 233.33% potential return%

Eos Energy Enterprises Inc [EOSE] stock prices are up 1.12% to $1.80 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The EOSE shares have gain 24.57% over the last week, with a monthly amount drifted -7.69%, and not seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Eos Energy Enterprises Inc [NASDAQ: EOSE] stock has seen the most recent analyst activity on September 05, 2023, when Seaport Research Partners downgraded its rating to a Neutral. Previously, Guggenheim upgraded its rating to Buy on September 01, 2023, and kept the price target unchanged to $10. On June 30, 2023, downgrade downgraded it’s rating to Neutral and revised its price target to $4 on the stock. TD Cowen started tracking the stock assigning a Market Perform rating and suggested a price target of $2.50 on June 02, 2023. Stifel initiated its recommendation with a Buy and recommended $11 as its price target on December 02, 2022. In a note dated February 28, 2022, B. Riley Securities reiterated an Buy rating on this stock and revised its target price from $14 to $13.

The stock price of Eos Energy Enterprises Inc [EOSE] has been fluctuating between $0.61 and $4.81 over the past year. Currently, Wall Street analysts expect the stock to reach $6 within the next 12 months. Eos Energy Enterprises Inc [NASDAQ: EOSE] shares were valued at $1.80 at the most recent close of the market. An investor can expect a potential return of 233.33% based on the average EOSE price forecast.

Analyzing the EOSE fundamentals

The Eos Energy Enterprises Inc [NASDAQ:EOSE] reported sales of 14.79M for trailing twelve months, representing a surge of 260.64%. Gross Profit Margin for this corporation currently stands at -5.35% with Operating Profit Margin at -6.94%, Pretax Profit Margin comes in at -6.83%, and Net Profit Margin reading is -8.44%. To continue investigating profitability, this company’s Return on Assets is posted at -0.5, Equity is 0.93 and Total Capital is -0.57. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-1.03.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 1.7333 points at the first support level, and at 1.6667 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.8483, and for the 2nd resistance point, it is at 1.8967.

Ratios To Look Out For

It’s worth pointing out that Eos Energy Enterprises Inc [NASDAQ:EOSE]’s Current Ratio is 2.68. In addition, the Quick Ratio stands at 2.34 and the Cash Ratio stands at 0.8. Considering the valuation of this stock, the price to sales ratio is 26.37.

Transactions by insiders

Recent insider trading involved Mastrangelo Joe, Chief Executive Officer, that happened on Aug 09 ’24 when 52800.0 shares were purchased. Director, DIMITRIEF ALEXANDER completed a deal on Mar 08 ’24 to buy 5000.0 shares. Meanwhile, Chief Executive Officer Mastrangelo Joe bought 36500.0 shares on Sep 21 ’23.

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