The stock of ESS Tech Inc. (NYSE:GWH) increased by $0.11 on Tuesday to at $1.53, up 8.10 percent. The last five days have seen an average of 1,351,348 shares of common stock traded. 1 time new highs were reached in the current year, with a fall of -$0.9102. The average number of shares traded over the last 20 days was 1,380,537, while the average volume over the last 50 days totaled 1,374,829.
GWH stock dropped -20.47% since last month. On 08/18/23, the company’s shares reached a one-month low of $1.0700. The stock touched a high of $5.11 on 01/03/23, after rallying from a low of $0.75 in 52 weeks. The price of GWH stock has declined by -36.83% or -$0.9102 this year, reaching a new high 1 time. Still, the stock price is down -69.93% from the 52-week high.
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Insider Transactions
GWH stock investors should be aware that ESS Tech Inc. (GWH) stock had its last reported insider trading activity 175 days ago on Mar 07. On Mar 07, Director Teamey Kyle acquired 2,500 shares at $1.60 each. This transaction resulted in the insider spending $4,012. On Mar 06, NIGGLI MICHAEL R added 5,000 shares at a price of US$1.65. After the transaction, the insider now owns 583,821 shares. Chief Executive Officer Dresselhuys Eric P. had earlier sold 23,440 shares on Feb 21 for $2.04 a share. The transaction was completed for $47,818.
Valuation Metrics
Beta for the stock is 2.13. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 64.27, the price-to-book (PB) ratio of 2.44.
Financial Health
For the three months ended June 29, ESS Tech Inc.’s quick ratio was 4.60, while its current ratio was 4.60, indicating its ability to pay off its debt. Based on annual data, it had gross profit of $106.39 million and revenue of $0.89 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. GWH’s return on assets (ROA) during the last 12 months has been -63.40%. There was a -75.90% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -79.60%.
Earnings Surprise
According to ESS Tech Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $2.83 million, while revenues rose by 75.62% to $0.37 million. It was predicted that ESS Tech Inc.’s quarterly earnings would be -$0.15, but it ended up being -$0.15. EBITDA was -$23.18 million for the quarter. At the end of ESS Tech Inc.’s most recent quarter ended June 29, its liabilities totaled 30.46 million, while its total debt was $4.39 million. Equity owned by shareholders amounts to $155.59 million.
Technical Picture
Here’s a quick look at ESS Tech Inc.’s (GWH) price momentum from a technical perspective. As of 28 August, the RSI 9-day stood at 54.61%, suggesting the stock is Neutral, with a 124.85% historical volatility rate.
The stochastic %K and %D were 68.78% and 61.10% respectively, while the average true range (ATR) was 0.1612. Based on the 14-day stochastic reading of 81.78%, the RSI (14) reading is 51.09%. On the 9-day MACD Oscillator, the stock is at 0.1222, and the 14-day reading is at 0.1442.
Analyst Ratings
Analysts have assigned ESS Tech Inc. (GWH) an Overweight rating. GWH is a stock that is recommended for selling by 0 brokerage firms, while 3 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 2 others recommend it as a buy.
What is GWH’s price target for the next 12 months?
The current consensus forecast for the stock is between $1.10 and $4.00, with a median target price of $2.25. In analyzing these forecasts, the average price target given by analysts for ESS Tech Inc. (GWH) is $2.39.
