The 36-month beta value for GWH is at 1.51. Analysts have varying views on the stock, with 2 analysts rating it as a “buy,” 2 rating it as “overweight,” 3 as “hold,” and 0 as “sell.”
The public float for GWH is 4.99M, and currently, shorts hold a 9.09% of that float. The average trading volume for GWH on September 03, 2024 was 75.08K shares.
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GWH) stock’s latest price update
ESS Tech Inc (NYSE: GWH)’s stock price has increased by 8.87 compared to its previous closing price of 6.88. However, the company has seen a -9.36% decrease in its stock price over the last five trading sessions. seekingalpha.com reported 2024-08-14 that ESS Tech, Inc. (NYSE:GWH ) Q2 2024 Results Conference Call August 14, 2024 5:00 PM ET Company Participants Erik Bylin – Head of IR Eric Dresselhuys – CEO Tony Rabb – CFO Conference Call Participants Justin Clare – ROTH MKM Davis Sunderland – Robert W. Baird Thomas Boyes – TD Cowen Operator Ladies and gentlemen, thank you for standing by.
GWH’s Market Performance
GWH’s stock has fallen by -9.36% in the past week, with a monthly drop of -30.65% and a quarterly drop of -33.01%. The volatility ratio for the week is 20.09% while the volatility levels for the last 30 days are 9.91% for ESS Tech Inc The simple moving average for the last 20 days is -15.36% for GWH stock, with a simple moving average of -41.89% for the last 200 days.
Analysts’ Opinion of GWH
Many brokerage firms have already submitted their reports for GWH stocks, with ROTH MKM repeating the rating for GWH by listing it as a “Buy.” The predicted price for GWH in the upcoming period, according to ROTH MKM is $1.50 based on the research report published on July 12, 2024 of the current year 2024.
Canaccord Genuity, on the other hand, stated in their research note that they expect to see GWH reach a price target of $3.75. The rating they have provided for GWH stocks is “Hold” according to the report published on July 13th, 2022.
Chardan Capital Markets gave a rating of “Neutral” to GWH, setting the target price at $3.50 in the report published on June 29th of the previous year.
GWH Trading at -30.09% 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 -76.33% of loss for the given period.
Volatility was left at 9.91%, however, over the last 30 days, the volatility rate increased by 20.09%, as shares sank -27.82% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -30.71% lower at present.
During the last 5 trading sessions, GWH fell by -9.36%, which changed the moving average for the period of 200-days by -56.58% in comparison to the 20-day moving average, which settled at $8.71. In addition, ESS Tech Inc saw -56.20% 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 Teamey Kyle, who purchase 1,250 shares at the price of $0.79 back on May 14 ’24. After this action, Teamey Kyle now owns 173,609 shares of ESS Tech Inc, valued at $987 using the latest closing price.
Quarls Harry, the Director of ESS Tech Inc, purchase 57,310 shares at $0.79 during a trade that took place back on May 10 ’24, which means that Quarls Harry is holding 423,456 shares at $44,988 based on the most recent closing price.
Stock Fundamentals for GWH
Current profitability levels for the company are sitting at:
- -10.75 for the present operating margin
- -5.63 for the gross margin
The net margin for ESS Tech Inc stands at -9.83. The total capital return value is set at -0.94. Equity return is now at value -87.77, with -61.11 for asset returns.
Based on ESS Tech Inc (GWH), the company’s capital structure generated 0.03 points at debt to capital in total, while cash flow to debt ratio is standing at -20.97. The debt to equity ratio resting at 0.04. The interest coverage ratio of the stock is 63.75.
Currently, EBITDA for the company is -78.16 million with net debt to EBITDA at 0.48. When we switch over and look at the enterprise to sales, we see a ratio of 7.23. The receivables turnover for the company is 7.57for trailing twelve months and the total asset turnover is 0.07. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.26.
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.
