How have ESS Tech Inc (GWH)’s performance and profitability changed over the time?

ESS Tech Inc [GWH] stock is trading at $0.66, down -0.12%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The GWH shares have lost -4.11% over the last week, with a monthly amount drifted -2.78%, and not seem to be holding up well over a long-time horizon.

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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 [GWH] stock has fluctuated between $0.61 and $2.12 over the past year. 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 $0.66 at the most recent close of the market. An investor can expect a potential return of 101.52% based on the average GWH price forecast.

Analyzing the GWH fundamentals

ESS Tech Inc [NYSE:GWH] reported sales of 7.54M for the trailing twelve months, which represents a growth of 17375.00%. 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. 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 0.6443 points at the first support level, and at 0.6244 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.6921, and for the 2nd resistance point, it is at 0.7200.

Ratios To Look Out For

For context, ESS Tech Inc’s Current Ratio is 5.97. In addition, the Quick Ratio stands at 5.76 and the Cash Ratio stands at 1.02. Considering the valuation of this stock, the price to sales ratio is 15.41, the price to book ratio is 1.12.

Transactions by insiders

Recent insider trading involved Hossfeld Rich, Director, that happened on Mar 15 ’24 when 2500.0 shares were purchased.

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