In recent trading session, ESS Tech Inc (NYSE:GWH) saw 1.29 million shares changing hands at last check today with its beta currently measuring 1.53. Company’s recent per share price level of $0.57 trading at -$0.1 or -14.64% at last check today assigns it a market valuation of $100.81M. That most recent trading price of GWH’s stock is at a discount of -270.18% from its 52-week high price of $2.11 and is indicating a discount of -7.02% from its 52-week low price of $0.61. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.65 million shares which gives us an average trading volume of 882.67K if we extend that period to 3-months.
For ESS Tech Inc (GWH), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.83. Splitting up the data highlights that, out of 2 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight.
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ESS Tech Inc (NYSE:GWH) trade information
Upright in the red during last session for losing -14.64%, in the last five days GWH remained trading in the red while hitting it’s week-highest on Monday, 08/12/24 when the stock touched $0.57 price level, adding 17.87% to its value on the day. ESS Tech Inc’s shares saw a change of -49.99% in year-to-date performance and have moved -15.50% in past 5-day. ESS Tech Inc (NYSE:GWH) showed a performance of -32.61% in past 30-days. Number of shares sold short was 6.44 million shares which calculate 8.53 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 1.32 to the stock, which implies a rise of 56.98% to its recent value today. Analysts have been projecting 1.25 as a low price target for the stock while placing it at a high target of 1.4. It follows that stock’s current price would drop -119.3% in reaching the projected high whereas dropping to the targeted low would mean a loss of -119.3% for stock’s current value.
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 -44.11% of value to its shares in past 6 months, showing an annual growth rate of 12.50% while that of industry is 6.90. Apart from that, the company came raising its revenue forecast for fiscal year 2024.
ESS Tech Inc (NYSE:GWH)’s Major holders
Insiders are in possession of 38.71% of company’s total shares while institution are holding 35.18 percent of that, with stock having share float percentage of 57.41%. Investors also watch the number of corporate investors in a company very closely, which is 35.18% institutions for ESS Tech Inc that are currently holding shares of the company. SOFTBANK GROUP CORP. is the top institutional holder at GWH for having 35.95 million shares of worth $25.99 million. And as of 2024-03-31, it was holding 22.4769 of the company’s outstanding shares.
The second largest institutional holder is BLACKROCK INC., which was holding about 5.64 million shares on 2024-03-31. The number of shares represents firm’s hold over 3.5255 of outstanding shares, having a total worth of $4.08 million.
On the other hand, Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund are the top two Mutual Funds which own company’s shares. As of Mar 31, 2024, the former fund manager was holding 1.74 shares of worth $1.01 million or 0.98% of the total outstanding shares. The later fund manager was in possession of 937.72 shares on Mar 31, 2024, making its stake of worth around $0.54 million in the company or a holder of 0.53% of company’s stock.
