ESS Tech Inc [GWH] stock prices are up 8.54% to $0.76 at the moment. 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 gain 9.91% over the last week, with a monthly amount glided 5.61%, and 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.
The stock price of ESS Tech Inc [GWH] has been fluctuating 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 $0.76 at the most recent close of the market. An investor can expect a potential return of 75.0% based on the average GWH price forecast.
Analyzing the GWH fundamentals
The ESS Tech Inc [NYSE:GWH] reported sales of 7.54M for trailing twelve months, representing a surge 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. 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 0.7026 points at the first support level, and at 0.6413 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.8126, and for the 2nd resistance point, it is at 0.8613.
ESS Tech Inc [GWH] reported earnings per share of -$0.09 for its fiscal quarter that ended on 12/31/2023. 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 9/30/2023 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
It’s worth pointing out that ESS Tech Inc [NYSE:GWH]’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 17.72, the price to book ratio is 1.29.
Transactions by insiders
Recent insider trading involved Hossfeld Rich, Director, that happened on Mar 15 ’24 when 2500.0 shares were purchased.
