A share price of ESS Tech Inc [GWH] is currently trading at $0.90, up 2.35%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The GWH shares have gain 5.95% over the last week, with a monthly amount drifted -2.27%, and not seem to be holding up well over a long-time horizon.
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On 6, February 2024, ESS Inc. Schedules Fourth Quarter and Full Year 2023 Financial Results Conference Call. In a post published today on Yahoo Finance, ESS Tech, Inc. (“ESS,” “ESS Inc.”) (NYSE:GWH), a leading manufacturer of long-duration energy storage systems (LDES) for commercial and utility-scale applications, today announced that it will hold a conference call on Wednesday, March 13, 2024 at 5:00 p.m. EDT to discuss financial results for its fourth quarter and full year 2023 ended December 31, 2023.
From an analyst’s perspective:
Previously, Chardan Capital Markets started tracking the stock with Neutral rating on June 29, 2022, and set its price target to $3.50. On March 31, 2022, Deutsche Bank initiated with a Hold rating and assigned a price target of $7 on the stock. Guggenheim started tracking the stock assigning a Buy rating and suggested a price target of $10 on March 22, 2022. Robert W. Baird initiated its recommendation with a Outperform and recommended $15 as its price target on December 22, 2021. Oppenheimer started tracking with a Outperform rating for this stock on December 03, 2021, and assigned it a price target of $28. In a note dated November 30, 2021, Canaccord Genuity initiated an Buy rating and provided a target price of $18.50 on this stock.
ESS Tech Inc experienced fluctuations in its stock price throughout the past year between $0.75 and $2.12. ESS Tech Inc [NYSE: GWH] shares were valued at $0.90 at the most recent close of the market.
Analyzing the GWH fundamentals
Trailing Twelve Months sales for ESS Tech Inc [NYSE:GWH] were 4.76M which represents 704.69% growth. Gross Profit Margin for this corporation currently stands at -1.91% with Operating Profit Margin at -20.64%, Pretax Profit Margin comes in at -18.18%, and Net Profit Margin reading is -15.9%. To continue investigating profitability, this company’s Return on Assets is posted at -0.48, Equity is -0.65 and Total Capital is -0.7. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.02.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 0.8570 points at the first support level, and at 0.8185 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.9370, and for the 2nd resistance point, it is at 0.9785.
ESS Tech Inc [GWH] reported earnings per share of -$0.11 for its fiscal quarter that ended on 9/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.13/share, meaning a difference of $0.02 and a surprise factor of 15.40%. By comparison, the stated earnings for the previous quarter ended on 6/29/2023 were -$0.15 per share as compared to estimates of -$0.15 per share, a difference of $0 representing a surprise of 0.00%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for ESS Tech Inc [NYSE:GWH] is 7.05. As well, the Quick Ratio is 6.93, while the Cash Ratio is 1.99. Considering the valuation of this stock, the price to sales ratio is 32.55, the price to book ratio is 1.33.
