ESS Tech Inc (NYSE: GWH) is -45.90% lower on its value in year-to-date trading and has touched a low of $0.64 and a high of $2.12 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The GWH stock was last observed hovering at around $0.68 in the last trading session, with the day’s loss setting it -0.06%.
Currently trading at $0.62, the stock is -23.64% and -32.02% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.1 million and changing -9.38% at the moment leaves the stock -53.32% off its SMA200. GWH registered -42.90% loss for a year compared to 6-month loss of -53.98%. The firm has a 50-day simple moving average (SMA 50) of $0.31 and a 200-day simple moving average (SMA200) of -$0.03.
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The stock witnessed a -24.78% gain in the last 1 month and extending the period to 3 months gives it a -45.90%, and is -11.53% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 9.50% over the week and 8.52% over the month.
ESS Tech Inc (GWH) has around 231 employees, a market worth around $107.86M and $7.54M in sales. Profit margin for the company is -1028.89%. Distance from 52-week low is -3.64% and -70.91% from its 52-week high. The company has generated returns on investments over the last 12 months (-74.37%).
ESS Tech Inc quarterly earnings per share for the current quarter are estimated at -$0.11 with sales reaching $3.22M over the same period.The EPS is expected to grow by 18.94% this year, but quarterly earnings will post 266.30% year-over-year. Quarterly sales are estimated to grow 765.60% in year-over-year returns.
ESS Tech Inc (GWH) Top Institutional Holders
147 institutions hold shares in ESS Tech Inc (GWH), with institutional investors hold 68.11% of the company’s shares. The shares outstanding are 174.21M, and float is at 57.07M with Short Float at 20.76%. Institutions hold 41.54% of the Float.
The top institutional shareholder in the company is Softbank Group Corporation with over 35.95 million shares valued at $52.85 million. The investor’s holdings represent 23.11% of the GWH Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 5.78 million shares valued at $8.5 million to account for 3.72% of the shares outstanding. The other top investors are Vanguard Group Inc which holds 3.01 million shares representing 1.94% and valued at over $4.43 million, while Invesco Ltd. holds 1.78% of the shares totaling 2.76 million with a market value of $4.06 million.
ESS Tech Inc (GWH) Insider Activity
The most recent transaction is an insider purchase by Hossfeld Rich,the company’sDirector. SEC filings show that Hossfeld Rich bought 2,500 shares of the company’s common stock on Mar 15 ’24 at a price of $0.73 per share for a total of $1814.0. Following the purchase, the insider now owns 0.15 million shares.
