ESS Tech Inc [GWH] stock is trading at $6.09, up 2.01%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The GWH shares have gain 16.89% over the last week, with a monthly amount drifted -23.20%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
ESS Tech Inc [NYSE: GWH] stock has seen the most recent analyst activity on November 14, 2024, when Robert W. Baird downgraded its rating to a Underperform and also revised its price target to $9 from $14. Previously, Oppenheimer downgraded its rating to Perform on November 14, 2024. On July 12, 2024, ROTH MKM initiated with a Buy rating and assigned a price target of $1.50 on the stock. Chardan Capital Markets initiated its recommendation with a Neutral and recommended $3.50 as its price target on June 29, 2022. Deutsche Bank started tracking with a Hold rating for this stock on March 31, 2022, and assigned it a price target of $7. In a note dated March 22, 2022, Guggenheim initiated an Buy rating and provided a target price of $10 on this stock.
ESS Tech Inc [GWH] stock has fluctuated between $4.68 and $20.10 over the past year. Currently, Wall Street analysts expect the stock to reach $3.88 within the next 12 months. ESS Tech Inc [NYSE: GWH] shares were valued at $6.09 at the most recent close of the market. An investor can expect a potential drop of -36.29% based on the average GWH price forecast.
Analyzing the GWH fundamentals
ESS Tech Inc [NYSE:GWH] reported sales of 6.24M for the trailing twelve months, which represents a drop of -76.76%. Gross Profit Margin for this corporation currently stands at -7.09% with Operating Profit Margin at -13.68%, Pretax Profit Margin comes in at -12.64%, and Net Profit Margin reading is -12.64%. To continue investigating profitability, this company’s Return on Assets is posted at -0.82, Equity is -1.02 and Total Capital is -1.32. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.03.
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 5.92 points at the first support level, and at 5.75 for the second support level. However, for the 1st resistance point, the stock is sitting at 6.23, and for the 2nd resistance point, it is at 6.37.
Ratios To Look Out For
For context, ESS Tech Inc’s Current Ratio is 2.14. Further, the Quick Ratio stands at 1.92, while the Cash Ratio is 0.4. Considering the valuation of this stock, the price to sales ratio is 11.60, the price to book ratio is 1.47.
Transactions by insiders
Recent insider trading involved Nijhawan Sandeep, Director, that happened on Sep 11 ’24 when 7000.0 shares were sold. Director, Teamey Kyle completed a deal on Aug 30 ’24 to buy 142.0 shares. Meanwhile, Director Teamey Kyle bought 1250.0 shares on May 14 ’24.
