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

Eos Energy Enterprises, Inc. (NASDAQ:EOSE) was the target of unusually large options trading on Thursday. Investors purchased 35,617 call options on the stock. This is an increase of 77% compared to the typical volume of 20,073 call options.

Analyst Upgrades and Downgrades

Separately, Roth Mkm reduced their price objective on shares of Eos Energy Enterprises from $4.50 to $4.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $3.90.

Eos Energy Enterprises Stock Performance

NASDAQ:EOSE traded up $0.50 during mid-day trading on Thursday, reaching $5.36. The stock had a trading volume of 8,554,087 shares, compared to its average volume of 7,036,538. The stock has a market capitalization of $1.17 billion, a P/E ratio of -2.22 and a beta of 2.31. The firm has a 50 day moving average price of $3.31 and a two-hundred day moving average price of $2.58. Eos Energy Enterprises has a one year low of $0.61 and a one year high of $5.70.

Institutional Trading of Eos Energy Enterprises

A number of institutional investors have recently made changes to their positions in the stock. Hollencrest Capital Management boosted its position in 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 buying an additional 7,500 shares during the period. WESPAC Advisors LLC purchased a new stake in shares of Eos Energy Enterprises during the third quarter worth about $32,000. Ground Swell Capital LLC bought a new stake in shares of Eos Energy Enterprises in the second quarter worth about $34,000. Scientech Research LLC purchased a new position in Eos Energy Enterprises during the 2nd quarter valued at about $36,000. Finally, Focused Wealth Management Inc bought a new position in Eos Energy Enterprises during the 3rd quarter valued at approximately $46,000. Hedge funds and other institutional investors own 54.87% of the company’s stock.

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.