ESS Tech Inc. (NYSE:GWH) finished Wednesday with a subtraction of -$0.08 to close at $1.65, a downside of -4.62 percent. An average of 1,193,120 shares of common stock have been traded in the last five days. There was a fall of -$0.1500 in the past week, and it reached a new high 4 times over the past 12 months. The last 20 days have seen an average of 1,157,080 shares traded, while the 50-day average volume stands at 1,284,972.
GWH stock has decreased by -11.29% in the last month. The company shares reached their 1-month lowest point of $1.5100 on 08/09/23. With the stock rallying to its 52-week high on 01/03/23, shares of the company touched a low of $0.75 and a high of $5.30 in 52 weeks. It has reached a new high 1 time so far this year and lost -32.10% or -$0.7800 in price. In spite of this, the price is down -68.90% from the 52-week high.
Insider Transactions
GWH stock investors should be aware that ESS Tech Inc. (GWH) stock had its last reported insider trading activity 170 days ago on Mar 07. In this transaction, the insider spent $47,818. President, Evans Craig E, disposed of 5,536 shares at a price of $2.04 on Feb 21. The insider now owns more than $11,293 worth of shares. Prior to that, President Evans Craig E went on to Sale 58,217 shares at $3.56 each on Nov 21. An amount of $207,314 was transacted.
Valuation Metrics
ESS Tech Inc. (GWH) stock’s beta is 2.06. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 201.55, the price-to-book (PB) ratio at 2.17.
Financial Health
The quick ratio of ESS Tech Inc. for the three months ended March 30 was 5.40, and the current ratio was 5.40, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.01 for the quarter ending March 30. ESS Tech Inc.’s EBITDA margin for the year ending March 30 is -11502.80%. Its gross profit as reported stood at $106.39 million compared to revenue of $0.89 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, ESS Tech Inc.’s return on assets was -51.70%.
Earnings Surprise
For the three-month period that ended March 30, ESS Tech Inc. had $31.2 million in cash. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$21.9 million in the quarter, while revenues were grew 73.93%. The analyst consensus anticipated ESS Tech Inc.’s latest quarter earnings to come in at -$0.18 per share, but it turned out to be -$0.14, a 22.20% surprise. For the quarter, EBITDA amounted to -$23.42 million. At the end of the quarter ending March 30, ESS Tech Inc.’s stock balance sheet showed total liabilities of 30.21 million. Shareholders own equity worth $154.37 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at ESS Tech Inc. (GWH) price momentum. RSI 9-day as of the close on 09 August was 37.67%, suggesting the stock is Neutral, with historical volatility in this time frame at 62.37%.
As of today, GWH’s price is $1.7300 -8.33% or -$0.1500 from its 5-day moving average. GWH is currently trading -16.67% lower than its 20-day SMA and +50.00% higher than its 100-day SMA. However, the stock’s current price level is +46.02% above the SMA50 and -51.75% below the SMA200.
The stochastic %K and %D were 27.57% and 23.41%, respectively, and the average true range (ATR) was 0.1574. With the 14-day stochastic at 29.17% and the average true range at 0.1614, the RSI (14) stands at 45.39%. The stock has reached -0.0822 on the 9-day MACD Oscillator while the 14-day reading was at -0.0921.
Analyst Ratings
The consensus rating for ESS Tech Inc. (GWH) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell GWH, while 2 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 3 others rate it as a “buy”.
What is GWH’s price target for the next 12 months?
Analysts predict a range of price targets between $1.10 and $4.00, with a median target of $2.75. Taking a look at these predictions, the average price target given by analysts for ESS Tech Inc. (GWH) stock is $2.56.
