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ESS Tech Inc. (NYSE: GWH)’s -18.94-Percent Loss Of This Past Week Taught Us Something New

ESS Tech Inc. (NYSE:GWH)’s traded shares stood at 1.19 million during the last session. At the close of trading, the stock’s price was $1.07, to imply a decrease of -0.93% or -$0.01 in intraday trading. The GWH share’s 52-week high remains $6.28, putting it -486.92% down since that peak but still an impressive 4.67% since price per share fell to its 52-week low of $1.02. The company has a valuation of $181.61M, with an average of 1.95 million shares in intraday trading volume over the past 10 days and average of 1.46 million shares over the past 3 months.

ESS Tech Inc. (NYSE:GWH) trade information

After registering a -0.93% downside in the last session, ESS Tech Inc. (GWH) has traded red over the past five days. The stock hit a weekly high of 1.3700 this Wednesday, 03/15/23, dropping -0.93% in its intraday price action. The 5-day price performance for the stock is -18.94%, and -48.80% over 30 days. With these gigs, the year-to-date price performance is -55.97%. Short interest in ESS Tech Inc. (NYSE:GWH) saw shorts transact 10.56 million shares and set a 8.51 days time to cover.

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ESS Tech Inc. (GWH) estimates and forecasts

Looking at statistics comparing ESS Tech Inc. share performance against respective industry, we note that the company has underperformed competitors. ESS Tech Inc. (GWH) shares are -75.17% down over the last 6 months, with its year-to-date growth rate lower than industry average at -49.15% against 4.20%.

GWH Dividends

ESS Tech Inc. has its next earnings report out between March 29 and April 04. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. ESS Tech Inc. has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.

ESS Tech Inc. (NYSE:GWH)’s Major holders

ESS Tech Inc. insiders hold 44.67% of total outstanding shares, with institutional holders owning 37.49% of the shares at 67.75% float percentage. In total, 37.49% institutions holds shares in the company, led by Softbank Group Corporation. As of Sep 29, 2022, the company held over 35.95 million shares (or 23.46% of shares), all amounting to roughly $147.05 million.

The next major institution holding the largest number of shares is Blackrock Inc. with 4.63 million shares, or about 3.02% of shares outstanding. As of the market price on Sep 29, 2022, these shares were worth $18.92 million.

We also have Invesco ETF Tr-Invesco Wilderhill Clean Energy ETF and iShares Russell 2000 ETF as the top two Mutual Funds with the largest holdings of the ESS Tech Inc. (GWH) shares. Going by data provided on Dec 30, 2022, Invesco ETF Tr-Invesco Wilderhill Clean Energy ETF holds roughly 4.3 million shares. This is just over 2.81% of the total shares, with a market valuation of $10.46 million. Data from the same date shows that the other fund manager holds a little less at 1.84 million, or 1.20% of the shares, all valued at about 4.46 million.

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