ESS Tech Inc (NYSE: GWH)’s stock price has plunge by 6.62relation to previous closing price of 0.70. Nevertheless, the company has seen a 5.63% surge in its stock price over the last five trading sessions. Seeking Alpha reported 2024-03-13 that ESS Tech, Inc. (GWH) Q4 2023 Earnings Call Transcript
Is It Worth Investing in ESS Tech Inc (NYSE: GWH) Right Now?
The 36-month beta value for GWH is at 1.61. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for GWH is 57.07M, and currently, shorts hold a 20.78% of that float. The average trading volume for GWH on March 28, 2024 was 1.02M shares.
GWH’s Market Performance
The stock of ESS Tech Inc (GWH) has seen a 5.63% increase in the past week, with a -16.80% drop in the past month, and a -36.97% fall in the past quarter. The volatility ratio for the week is 11.37%, and the volatility levels for the past 30 days are at 8.80% for GWH. The simple moving average for the last 20 days is -3.57% for GWH stock, with a simple moving average of -42.79% for the last 200 days.
Analysts’ Opinion of GWH
Many brokerage firms have already submitted their reports for GWH stocks, with Canaccord Genuity repeating the rating for GWH by listing it as a “Hold.” The predicted price for GWH in the upcoming period, according to Canaccord Genuity is $3.75 based on the research report published on July 13, 2022 of the previous year 2022.
Chardan Capital Markets, on the other hand, stated in their research note that they expect to see GWH reach a price target of $3.50. The rating they have provided for GWH stocks is “Neutral” according to the report published on June 29th, 2022.
Deutsche Bank gave a rating of “Hold” to GWH, setting the target price at $7 in the report published on March 31st of the previous year.
GWH Trading at -15.43% from the 50-Day Moving Average
After a stumble in the market that brought GWH to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -64.62% of loss for the given period.
Volatility was left at 8.80%, however, over the last 30 days, the volatility rate increased by 11.37%, as shares sank -10.89% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -17.60% lower at present.
During the last 5 trading sessions, GWH rose by +5.63%, which changed the moving average for the period of 200-days by -40.94% in comparison to the 20-day moving average, which settled at $0.7732. In addition, ESS Tech Inc saw -34.21% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at GWH starting from Hossfeld Rich, who purchase 2,500 shares at the price of $0.73 back on Mar 15 ’24. After this action, Hossfeld Rich now owns 147,873 shares of ESS Tech Inc, valued at $1,814 using the latest closing price.
Stock Fundamentals for GWH
Current profitability levels for the company are sitting at:
- -11.39 for the present operating margin
- -2.07 for the gross margin
The net margin for ESS Tech Inc stands at -7.55. The total capital return value is set at -0.7. Equity return is now at value -64.56, with -48.98 for asset returns.
Based on ESS Tech Inc (GWH), the company’s capital structure generated 0.02 points at debt to capital in total, while cash flow to debt ratio is standing at -13.39. The debt to equity ratio resting at 0.02. The interest coverage ratio of the stock is -68.61.
Currently, EBITDA for the company is -85.91 million with net debt to EBITDA at 0.21. When we switch over and look at the enterprise to sales, we see a ratio of 14.87. The receivables turnover for the company is 3.79for trailing twelve months and the total asset turnover is 0.05. The liquidity ratio also appears to be rather interesting for investors as it stands at 5.97.
Conclusion
In conclusion, ESS Tech Inc (GWH) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
