ESS Tech Inc (NYSE:GWH)’s traded shares stood at 0.67 million during the latest session, with the company’s beta value hitting 1.52. At the last check today, the stock’s price was $0.54, to imply an increase of 0.19% or $0.0 in intraday trading. The GWH share’s 52-week high remains $2.11, putting it -290.74% down since that peak but still an impressive 1.85% since price per share fell to its 52-week low of $0.53. The company has a valuation of $95.66M, with an average of 0.92 million shares in intraday trading volume over the past 10 days and average of 930.87K shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for ESS Tech Inc (GWH), translating to a mean rating of 1.83. Of 2 analyst(s) looking at the stock, 0 analyst(s) give GWH a Sell rating. 0 of those analysts rate the stock as Overweight while 1 advise Hold as 1 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.1.
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ESS Tech Inc (NYSE:GWH) trade information
After registering a 0.19% upside in the latest session, ESS Tech Inc (GWH) has traded red over the past five days. The 5-day price performance for the stock is -3.65%, and -28.88% over 30 days. With these gigs, the year-to-date price performance is -52.54%. Short interest in ESS Tech Inc (NYSE:GWH) saw shorts transact 6.44 million shares and set a 8.53 days time to cover.
The extremes give us $1.25 and $1.4 for target low and target high price respectively. As such, GWH has been trading -159.26% off suggested target high and -131.48% from its likely low.
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 -35.43% down over the last 6 months, with its year-to-date growth rate lower than industry average at 6.25% against 9.30%. The rating firms project that company’s revenue will grow 202.80% compared to the previous financial year.
Revenue forecast for the current quarter as set by 5 analysts is 6.04M. Meanwhile, for the current quarter, a total of 6 analyst(s) estimate revenue growth to 12.81M.Earnings reports from the last fiscal year show that sales brought in 1.54M and 2.8M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 290.90% before jumping 358.20% in the following quarter.
GWH Dividends
ESS Tech Inc has its next earnings report out in September. 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 (NYSE:GWH)’s Major holders
ESS Tech Inc insiders hold 38.71% of total outstanding shares, with institutional holders owning 35.90% of the shares at 58.58% float percentage. In total, 35.90% institutions holds shares in the company, led by SOFTBANK GROUP CORP. As of 2024-06-30, the company held over 35.95 million shares (or 20.6021% of shares), all amounting to roughly $29.41 million.
The next major institution holding the largest number of shares is VANGUARD GROUP INC with 2.88 million shares, or about 1.6481% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $2.35 million.
