At the last check on Friday, ESS Tech Inc.’s (NYSE:GWH) stock was up $0.1, moving up 6.94 percent to $1.53. The average number of shares traded per day over the past five days has been 987,537 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.0099 fall in that time frame. In the last twenty days, the average volume was 1,378,324, while in the previous 50 days, it was 1,376,916.
Since last month, GWH stock retreated -15.04%. Shares of the company fell to $1.0700 on 08/18/23, the lowest level in the past month. A 52-week high of $5.11 was reached on 01/03/23 after having rallying from a 52-week low of $0.75. Since the beginning of this year, GWH’s stock price has dropped by -37.07% or -$0.9099, and marked a new high 1 time. However, the stock has declined by -70.05% since its 52-week high.
GWH stock investors should be aware that ESS Tech Inc. (GWH) stock had its last reported insider trading activity 178 days ago on Mar 07. Teamey Kyle, the Director of the company, purchased of 2,500 shares for $1.60 on Mar 07. It resulted in a $4,012 investment by the insider. NIGGLI MICHAEL R added 5,000 shares at an average price of $1.65 on Mar 06. The insider now owns 583,821 shares following the transaction. On Feb 21, Chief Executive Officer Dresselhuys Eric P. sold 23,440 shares at $2.04 apiece. The transaction was valued at $47,818.
Valuation Metrics
The stock’s beta is 2.11. Besides these, the trailing price-to-sales (P/S) ratio of 64.02, the price-to-book (PB) ratio of 2.43.
Financial Health
In the three months ended June 29, ESS Tech Inc.’s quick ratio stood at 4.60, while its current ratio was 4.60, showing that the company is able to pay off its debt. Based on annual data, GWH earned $106.39 million in gross profit and brought in $0.89 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -75.90%. Return on equity (ROE) for the past 12 months was -79.60%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. GWH’s revenue rose 75.62% to $0.37 million during the quarter, while net income inched up to $2.83 million. While analysts expected ESS Tech Inc. to report -$0.15 quarterly earnings, the actual figure was -$0.15 per share. During the quarter, the company generated -$23.18 million in EBITDA. The liabilities of ESS Tech Inc. were 30.46 million at the end of its most recent quarter ended June 29, and its total debt was $4.39 million. The value of shareholders’ equity is $155.59 million.
Technical Picture
This quick technical analysis looks at ESS Tech Inc.’s (GWH) price momentum. With a historical volatility rate of 131.31%, the RSI 9-day stood at 53.91% on 31 August.
With respect to its five-day moving average, the current ESS Tech Inc. price is down by -0.65% percent or -$0.0099. At present, GWH shares trade -13.14% below its 20-day simple moving average and +16.04% percent above its 100-day simple moving average. However, the stock is currently trading approximately +26.67% above its SMA50 and -63.28% below its SMA200.
Stochastic coefficient K was 79.02% and Stochastic coefficient D was 77.59%, while ATR was 0.1579. Given the Stochastic reading of 83.35% for the 14-day period, the RSI (14) reading has been calculated as 51.13%. As of today, the MACD Oscillator reading stands at 0.0234, while the 14-day reading stands at 0.1174.
Analyst Ratings
ESS Tech Inc. (GWH) has been rated Overweight by analysts. According to 0 brokerage firms, GWH is a sell, and 3 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate ESS Tech Inc. stock as buy, with 2 recommending it as overweight.
With a median target price of $2.25, the current consensus forecast for the stock is $1.10 – $4.00. Based on these forecasts, analysts predict ESS Tech Inc. (GWH) will achieve an average price target of $2.39.
