Wall Street predicts Eos Energy Enterprises Inc (EOSE) stock to surge by 124.72%

Eos Energy Enterprises Inc [EOSE] stock prices are down -3.61% to $2.67 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The EOSE shares have gain 13.14% over the last week, with a monthly amount glided 46.70%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Previously, Seaport Research Partners downgraded its rating to Neutral on September 05, 2023. On September 01, 2023, upgrade upgraded it’s rating to Buy but maintained its price target of $10 on the stock. B. Riley Securities downgraded its rating to a Neutral and increased its price target to $4 on June 30, 2023. TD Cowen initiated its recommendation with a Market Perform and recommended $2.50 as its price target on June 02, 2023. Stifel started tracking with a Buy rating for this stock on December 02, 2022, and assigned it a price target of $11. In a note dated March 22, 2022, Guggenheim initiated an Neutral rating.

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 $2.67 at the most recent close of the market. An investor can expect a potential return of 124.72% 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 2.54 points at the first support level, and at 2.41 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.81, and for the 2nd resistance point, it is at 2.94.

Ratios To Look Out For

It’s worth pointing out that Eos Energy Enterprises Inc [NASDAQ:EOSE]’s Current Ratio is 2.68. Further, the Quick Ratio stands at 2.34, while the Cash Ratio is 0.8. Considering the valuation of this stock, the price to sales ratio is 39.12.

Transactions by insiders

Recent insider trading involved DIMITRIEF ALEXANDER, Director, that happened on Aug 16 ’24 when 2000.0 shares were purchased. Director, DIMITRIEF ALEXANDER completed a deal on Aug 15 ’24 to buy 1000.0 shares. Meanwhile, Director DIMITRIEF ALEXANDER bought 2000.0 shares on Aug 13 ’24.

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