ESS Tech Inc (NYSE:GWH) saw an upside of 3.73% to close Friday at $1.39 after adding $0.05 on the day. The 5-day average trading volume is 732,600 shares of the company’s common stock. It has gained $1.5400 in the past week and touched a new high 1 time within the past 5 days. An average of 870,430 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,131,022.
GWH’s 1-month performance is -6.08% or -$0.0300 on its low of $1.2800 reached on 09/21/23. The company’s shares have touched a 52-week low of $0.75 and high of $5.04, with the stock’s rally to the 52-week high happening on 01/03/23. YTD, GWH has lost -42.80% or -$1.0400 and has reached a new high 1 time. However, the current price is down -72.42% from the 52-week high price.
Insider Transactions
GWH stock investors last saw insider trading activity on Mar 07.Dresselhuys Eric P. (Chief Executive Officer) most recently sold 23,440 shares at $2.04 per share on Feb 21. This transaction cost the insider $47,818. President, Evans Craig E, sold 5,536 shares at a price of $2.04 on Feb 21. Then, on Nov 21, President Evans Craig E sold 58,217 shares at a price of $3.56 per share. This transaction amounted to $207,314.
Valuation Metrics
GWH stock has a beta of 2.07. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 63.42 while the price-to-book (PB) in the most recent quarter is 2.22.
ESS Tech Inc’s quick ratio for the period ended June 29 was 4.64, with the current ratio over the same period at 4.64. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.02, while the total debt to equity was 0.05. In terms of profitability, the gross margin trailing 12 months is -18.40%. The trailing 12-month EBITDA margin is -11502.80% while for the period ending June 29, ESS Tech Inc’s operating margin was -3165.04%. The firm’s gross profit as reported stood at $106.39 million against revenue of $0.89 million.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 32.01% to -$22.93 million, while revenue of -$21.9 million was 4.49% off the previous quarter. Analysts expected GWH to announce -$0.15 per share in earnings in its latest quarter, but it posted -$0.15, representing a 0.00% surprise. EBITDA for the quarter stood at more than -$23.18 million. GWH stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 30.46 million, with total debt at $4.39 million. Shareholders hold equity totaling $155.59 million.
Let’s look briefly at ESS Tech Inc (GWH) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 September was 43.10% to suggest the stock is trending Neutral, with historical volatility in this time period at 80.55%.
The stock’s 5-day moving average is $1.3620, reflecting a -8.55% or -$0.1300 change from its current price. GWH is currently trading -0.71% above its 20-day SMA, +32.38% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -27.23% and SMA200 by-57.88%.
Stochastic %K and %D was 15.29% and 13.37% and the average true range (ATR) pointed at 0.1222. The RSI (14) points at 44.78%, while the 14-day stochastic is at 26.19% with the period’s ATR at 0.1315. The stock’s 9-day MACD Oscillator is pointing at -0.0933 and -0.1257 on the 14-day charts.
Analyst Ratings
Analysts offering their rating for GWH stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate GWH as a “sell,”, while 3 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 2 have offered a “buy” rating.
What is GWH’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $1.10 and a high of $4.00, with their median price target at $2.25. Looking at these predictions, the average price target given by analysts is for ESS Tech Inc (GWH) stock is $2.39.
