ESS Tech Inc (NYSE:GWH) At $0.99: What To Do?

In last trading session, ESS Tech Inc (NYSE:GWH) saw 0.52 million shares changing hands with its beta currently measuring 1.70. Company’s recent per share price level of $0.99 trading at $0.05 or 4.82% at ring of the bell on the day assigns it a market valuation of $170.47M. That closing price of GWH’s stock is at a discount of -141.41% from its 52-week high price of $2.39 and is indicating a premium of 24.24% from its 52-week low price of $0.75. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.95 million shares which gives us an average trading volume of 1.07 million if we extend that period to 3-months.

ESS Tech Inc (NYSE:GWH) trade information

Upright in the green during last session for gaining 4.82%, in the last five days GWH remained trading in the green while hitting it’s week-highest on Friday, 02/09/24 when the stock touched $0.99 price level, adding 1.0% to its value on the day. ESS Tech Inc’s shares saw a change of -13.57% in year-to-date performance and have moved 9.44% in past 5-day. ESS Tech Inc (NYSE:GWH) showed a performance of -2.45% in past 30-days. Number of shares sold short was 11.43 million shares which calculate 8.6 days to cover the short interests.

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ESS Tech Inc (GWH) estimates and forecasts

Statistics highlight that ESS Tech Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -27.01% of value to its shares in past 6 months, showing an annual growth rate of 13.56% while that of industry is -0.10. Apart from that, the company came raising its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to increase by 31.20% in the current quarter and calculating -7.10% decrease in the next quarter. This year revenue growth is estimated to rise 870.90% from the last financial year’s standing.

5 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $3.54 million for the same. And 2 analysts are in estimates of company making revenue of $5.78 million in the next quarter that will end on Mar 2024. Company posted $16k and $372k of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 22,025.00% while estimating it to be 1,453.80% for the next quarter.

In 2024, company’s earnings growth rate is likely to be around 0.60% while estimates for its earnings growth in next 5 years are of 11.56%.

GWH Dividends

ESS Tech Inc is more likely to be releasing its next quarterly report on March 13 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

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