ESS Tech Inc (NYSE: GWH) is -79.15% lower on its value in year-to-date trading and has touched a low of $0.76 and a high of $12.45 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 $2.08 in the last trading session, with the day’s gains setting it 0.41%.
Currently trading at $2.49, the stock is 60.23% and 60.18% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.84 million and changing 19.71% at the moment leaves the stock -39.95% off its SMA200. GWH registered -57.65% loss for a year compared to 6-month loss of -54.14%. The firm has a 50-day simple moving average (SMA 50) of $1.55446 and a 200-day simple moving average (SMA200) of $4.146815.
The stock witnessed a 132.71% gain in the last 1 month and extending the period to 3 months gives it a 20.87%, and is 64.90% up 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 20.79% over the week and 17.71% over the month.
ESS Tech Inc (GWH) has around 240 employees, a market worth around $32.65M and $4.16M in sales. Profit margin for the company is -2067.81%. Distance from 52-week low is 227.59% and -80.00% from its 52-week high. The company has generated returns on investments over the last 12 months (-711.47%).
The EPS is expected to grow by 41.19% this year
58.0 institutions hold shares in ESS Tech Inc (GWH), with institutional investors hold 26.47% of the company’s shares. The shares outstanding are 12.10M, and float is at 5.38M with Short Float at 17.76%. Institutions hold 17.73% of the Float.
The top institutional shareholder in the company is SOFTBANK GROUP CORP. with over 35.95 million shares valued at $29.41 million. The investor’s holdings represent 20.4563 of the GWH Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 2.88 million shares valued at $2.35 million to account for 1.6365 of the shares outstanding. The other top investors are MILLENNIUM MANAGEMENT LLC which holds 1.78 million shares representing 1.0114 and valued at over $1.45 million, while GEODE CAPITAL MANAGEMENT, LLC holds 0.4953 of the shares totaling 0.87 million with a market value of $0.71 million.
ESS Tech Inc (GWH) Insider Activity
The most recent transaction is an insider sale by Nijhawan Sandeep, the company’s Director. SEC filings show that Nijhawan Sandeep sold 7,000 shares of the company’s common stock on Sep 11 ’24 at a price of $5.72 per share for a total of $40040.0. Following the sale, the insider now owns 15537.0 shares.
ESS Tech Inc disclosed in a document filed with the SEC on Aug 30 ’24 that Teamey Kyle (Director) bought a total of 142 shares of the company’s common stock. The trade occurred on Aug 30 ’24 and was made at $6.73 per share for $956.0. Following the transaction, the insider now directly holds 25227.0 shares of the GWH stock.
