Does ESS Tech Inc (NYSE:GWH) Look Expensive At $0.83? Here’s How To Know.

In last trading session, ESS Tech Inc (NYSE:GWH) saw 0.62 million shares changing hands with its beta currently measuring 1.50. Company’s recent per share price level of $0.83 trading at $0.01 or 1.13% at ring of the bell on the day assigns it a market valuation of $145.04M. That closing price of GWH’s stock is at a discount of -155.42% from its 52-week high price of $2.12 and is indicating a premium of 26.51% from its 52-week low price of $0.61. Taking a look at company’s average trading volume volume of 863.84K if we extend that period to 3-months.

ESS Tech Inc (NYSE:GWH) trade information

Upright in the green during last session for gaining 1.13%, in the last five days GWH remained trading in the green while hitting it’s week-highest on Friday, 05/03/24 when the stock touched $0.83 price level. ESS Tech Inc’s shares saw a change of -27.25% in year-to-date performance and have moved 17.83% in past 5-day. ESS Tech Inc (NYSE:GWH) showed a performance of 12.55% in past 30-days.

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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 -29.72% of value to its shares in past 6 months, showing an annual growth rate of 14.58% while that of industry is 5.20. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 266.30% 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 3.22M for the same. And 5 analysts are in estimates of company making revenue of 4.02M in the next quarter. Company posted 372k and 2.83M of sales in current and next quarters respectively a year earlier.

GWH Dividends

ESS Tech Inc is more likely to be releasing its next quarterly report in June 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.