A share price of ESS Tech Inc [GWH] is currently trading at $0.73, down -0.35%. An important factor to consider is whether the stock is rising or falling in short-term value. The GWH shares have gain 4.61% over the last week, with a monthly amount drifted -16.30%, and not seem to be holding up well over a long-time horizon.
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On 25, March 2024, ESS’ Energy Center is First LDES Solution to Receive IEEE 693 Rating Demonstrating Resilience Against Seismic Events. In a post published today on Yahoo Finance, Following rigorous testing, achievement of IEEE 693-High demonstrates ESS’ commitment to delivering resilient, safe and sustainable energy storage infrastructure.
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 $0.61 and $2.12. Currently, Wall Street analysts expect the stock to reach $1.33 within the next 12 months. ESS Tech Inc [NYSE: GWH] shares were valued at $0.73 at the most recent close of the market. An investor can expect a potential return of 82.19% based on the average GWH price forecast.
Analyzing the GWH fundamentals
Trailing Twelve Months sales for ESS Tech Inc [NYSE:GWH] were 7.54M which represents 17375.00% growth. Gross Profit Margin for this corporation currently stands at -2.07% with Operating Profit Margin at -11.39%, Pretax Profit Margin comes in at -8.15%, and Net Profit Margin reading is -7.55%. To continue investigating profitability, this company’s Return on Assets is posted at -0.4, Equity is -0.52 and Total Capital is -0.7. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.02.
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 0.7112 points at the first support level, and at 0.6901 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.7667, and for the 2nd resistance point, it is at 0.8011.
ESS Tech Inc [GWH] reported earnings per share of -$0.09 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.11/share, meaning a difference of $0.02 and a surprise factor of 18.20%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were -$0.11 per share as compared to estimates of -$0.13 per share, a difference of $0.02 representing a surprise of 15.40%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for ESS Tech Inc [NYSE:GWH] is 5.97. On the other hand, the Quick Ratio is 5.76, and the Cash Ratio is 1.02. Considering the valuation of this stock, the price to sales ratio is 16.99, the price to book ratio is 1.23.
Transactions by insiders
Recent insider trading involved Hossfeld Rich, Director, that happened on Mar 15 ’24 when 2500.0 shares were purchased.
